https://freerepublic.com/focus/news/4108625/posts?page=1
FTX Held Just $900MM In Liquid Assets Vs $9BN In Liabilities As Video Emerges Confirming Alameda Knew It Was Pilfering Client Funds
https://12ft.io/proxy?q=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fftx-held-just-900mm-liquid-asset ^ | NOV 12, 2022 | TYLER DURDEN
Posted on 11/12/2022, 7:37:46 PM by Enterprise
What about the liquid assets? Well, the FT report goes on to notes that until Friday afternoon, Bankman-Fried was looking to sell the $472MM of Robinhood shares, the largest liquid asset listed for FTX Trading, in privately negotiated deals he was arranging on the messaging app Signal, according to an FT source. As a reminder, SBF acquired a 7.6% stake in Robinhood in May, a transaction which delayed (but did not halt) the company’s collapse into oblivion. As part of the attempted firesale, Bankman-Fried was entertaining offers at a 20% discount to Robinhood’s VWAP price, or about $9 per share, said an FT source, who ultimately declined to buy due to perceived legal risks.
I’m betting they sent the laundered billions to leaders all over the world to shore up their fraudulent system... and took a big cut for themselves.