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FTX says it has billions more than owed to victims (bbc.com)
8 points by pseudolus 11 days ago | hide | past | favorite | 11 comments





Wait, so SBF was right? Wasn't this a big part of the stuff he wouldn't shut up about? That he could pay it all back?

It's very different. Pre-bankruptcy FTX would have owed crypto, so increases in crypto prices (other than FTX's own bespoke "token") would not have helped. Post-bankruptcy, FTX owes cash based on historical (lower) crypto prices. So no, SBF is not quite right.

Whether SBF was right or not does not exempt him from the fraud that was commited

They lost a ton of their customers' crypto. They're paying people back in cash at prices that are now 1/3 or less of the value of the crypto that customers deposited with them.

Will BTC stay high long enough to support selling off these assets?

Will suddenly selling 13 billion in crypto's create a red candle? Yes.


Per the very short article, the assets are not crypto. It even says the crypto is missing, which is interesting.

"it has been gathering the funds to pay its debts by selling assets investments held by Alameda Research or FTX Ventures businesses ... almost all of the Bitcoin and other digital currencies believed to have been held by the exchange at the time of its collapse were missing"


It'll probably stay stuck around $60k for a while.

It's worth noting that when FTX collapsed, the price was closer to $20k.


The Anthropic stake alone is worth several billions

Better sell it now while the price is > $60k

>>Better buy it now while the price is > $60k

Fixed it for you. It's up thousands time since HN discovered it few times.


I meant the bankruptcy court better sell, before it goes through another volatility cycle



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