Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion - CNBC
FTX's vast web of entities had a total of around $1.24 billion in cash balances as of Nov.The filing was penned by Alvarez & Marsal North America, which is advising FTX on restructuring efforts after the exchange filed for bankruptcy protection earlier this month.Edgar Mosley, managing director at Alvarez & Marsal North America, said FTX and his team managed to trace "substantially higher cash balances" than they had initially been able to identify by Nov.A separate filing on Saturday said the company owed $3.1 billion to its largest 50 unsecured creditors.