FTX owns 38 properties in the Bahamas worth over 200 million US dollars.

FTX owns 38 properties in the Bahamas valued at $200 million.

Author: Jack Schickler, CoinDesk; Translation: Song Xue, LianGuai

According to court documents filed on Monday, the bankruptcy estate of FTX has organized approximately $7 billion in assets, including $1.16 billion worth of solana (SOL) tokens and $560 million worth of bitcoin (BTC).

The presentation provides details of the billions of dollars paid to executives, including founder Sam Bankman-Fried, by the company, which was once one of the world’s largest cryptocurrency exchanges, before filing for bankruptcy in November.

The company collapsed after CoinDesk revealed information about its balance sheet last year. New CEO John J. Ray III strongly criticized the company’s financial controls, while Bankman-Fried pleaded not guilty to multiple fraud charges, with the trial set to begin next month.

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The filings state that, aside from $1.1 billion held on November 11, the company also has $1.5 billion in cash and holds cryptocurrencies valued at $3.4 billion as of August 31. In addition, there are over 1,300 little-known and potentially illiquid tokens worth hundreds of millions of dollars, such as MAPS and serum (SRM).

The presentation also details the $2.2 billion in cash, cryptocurrencies, equity, and real estate received by Bankman-Fried and other executives, including Nishad Singh, Zixiao “Gary” Wang, and Caroline Ellison, in the months leading up to the bankruptcy. This could be significant, as US law allows for the recovery of such payments and their addition to the assets available for distribution to creditors.

The documents also report38 apartments, penthouses, and other properties in the Bahamas, valued at approximately $200 million. The company’s new management is attempting to recover funds donated to politicians and charitable organizations such as the Metropolitan Museum of Art in New York.

FTX has requested permission from a New York judge to begin selling its held cryptocurrencies in order to return funds to creditors in cash.

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