FTX has recovered approximately $7 billion in liquidated assets to date, and the search for remaining assets is ongoing, according to FTX Debtors’ second interim report released on June 26. However, the mixing of multiple funds has complicated their efforts.
FTX Debtors, including FTX and its subsidiaries, currently estimate that the total assets of defrauded customers amount to $8.7 billion. The majority of this amount, approximately $6.4 billion, consists of fiat currency and stablecoins.
The extent of the chaos is depicted through the customer cash flow diagram of FTX, which has been “ascertained to date.” The report states that these cash flows could have been achieved by misrepresenting their purposes to banks and employing various other misrepresentations.