FTX liquidators play ‘Storage Wars’ in hunt for saleable assets

Stock Point
Feb 20, 2023

--

Bound to hit the market soon are a half a million dollars worth of office furniture and equipment and 13 storage units in the Bahamas full of FTX’s “physical goods.” That’s according to a report from liquidators tasked with digging through the bankrupt crypto exchange’s leftover assets.

The list of assets also includes $2.4 million in vehicles, of which the report dryly notes “there is no longer a need for the company to maintain the current fleet size.” Also coming to market will be whatever’s inside the company’s head office in the Bahamas, which had its locks changed and is secured on site. The company had a total of $219.5 million in cash in banks as of Nov. 10, the report said. The list included Fidelity Bank, Silvergate Bank, Deltec Bank and Moonstone Bank, in addition to other institutions.

--

--

Stock Point
Stock Point

Written by Stock Point

Stock Point is a cross-platform cryptocurrency exchange. Crypto it’s easy with us! stockpoint.io

No responses yet