FTX has $222M in Bahamas real estate, 1,300 tokens — Shareholder presentation

More than 75 prospective bidders to relaunch FTX and/or FTX United States have actually been gotten in touch with, according to the presentation. They have up until Sept. 24 to position bids. Confirmation of the recovery plan is targeted for the second quarter of 2024. There are reports that FTX might liquidate a considerable part of its crypto holdings in the future. Those privy to the restricted portion of the discussion will also find out about its current tax status and get an update on United States Department of Justice restitution and outgoing lawsuits, among other delicate matters.Magazine: How to protect your crypto in an unstable market: Bitcoin OGs and experts weigh in

The claims are worth $65 billion, although those from FTX Digital Markets are “assumed to be invalid/redundant,” and the United States Internal Revenue Services claim– the largest at $43.5 billion– is presumed to be subordinated.Based on info from August, 36,075 consumer claims, worth $16 billion, have actually been submitted against FTX and FTX US, and 10% of those have been concurred on. Related: Binances Richard Teng rejects FTX comparisons: We welcome the scrutinyThe business has actually generated income from $588 million in avoidance claims so far. Choice Exposure in FTX presentationMethodologyWithdrawals: Valued at current pricing (31st Aug) Deposits: Transaction timeOwed to FTX estate15-Day: $11.2 bn (intl) + $2.2 bn (US) 90-Day: $21.4 (intl)+$ 3.6 bn (United States) pic.twitter.com/wlsAr8MP6C— Sunil (FTX Creditor Champion) (@sunil_trades) September 11, 2023

More than 75 possible bidders to relaunch FTX and/or FTX United States have actually been called, according to the discussion.

The claims are worth $65 billion, although those from FTX Digital Markets are “assumed to be invalid/redundant,” and the United States Internal Revenue Services claim– the largest at $43.5 billion– is presumed to be subordinated.Based on details from August, 36,075 client claims, worth $16 billion, have been filed versus FTX and FTX United States, and 10% of those have been agreed on. Related: Binances Richard Teng rejects FTX contrasts: We invite the scrutinyThe business has actually generated income from $588 million in avoidance claims so far. Choice Exposure in FTX presentationMethodologyWithdrawals: Valued at existing rates (31st Aug) Deposits: Transaction timeOwed to FTX estate15-Day: $11.2 bn (intl) + $2.2 bn (United States) 90-Day: $21.4 (intl)+$ 3.6 bn (US) pic.twitter.com/wlsAr8MP6C— Sunil (FTX Creditor Champion) (@sunil_trades) September 11, 2023