Share this article
Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022
The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy protection.
Updated May 9, 2023, 4:07 a.m. Published Feb 1, 2023, 9:06 a.m.
Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday.
The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Amongst the various arms Sam Bankman-Fried's fallen crypto empire, FTX US has $260 million in cash. Bankman-Fried has repeatedly claimed that the U.S. wing is solvent. Last month he blogged that FTX US "had at least $111 [million], and likely around $400M, of excess cash on top of what was required to match customer balances."
"Customer balances are likely around $199M, and certainly less than $497M (which they were a day earlier before massive withdrawals)," he added.
According to the latest update, FTX's headcount has dropped from 320 at the time of the bankruptcy filing to 195 by year's end.
Following FTX's failure last year, Bankman-Fried was arrested and is currently on bail facing charges including wire fraud and money laundering. He has pleaded not guilty, with the trial set for October.
Read more: US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds
Prior to MiCA, euro-denominated stablecoins' market cap contracted by 48% in the year leading up to June 2024.
What to know:
- Euro-stablecoin market capitalization more than doubled in the 12 months after the June 2024 rollout of relevant MiCA regulations, reversing a 48% decline from the prior year.
- EURS, EURC and EURCV saw the strongest gains.
- Monthly euro stablecoin activity jumped US$3.8 billion from US$383 millionand consumer search interest rose sharply across multiple EU countries.
Top Stories
