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The vast majority of FTX Trading’s recorded assets are either illiquid venture capital investments [...] In all, the spreadsheet says FTX Trading’s assets were
by KKKKkkkk1 4y ago
The vast majority of FTX Trading’s recorded assets are either illiquid venture capital investments [...] In all, the spreadsheet says FTX Trading’s assets were [...] $3.2bn of illiquid private equity investments.
Sounds like the VCs may have managed to recoup their investments using customer funds before the thing blew up.
- xg15 4y agoMaybe I misunderstood, but if the investments were on the "assets" side, doesn't that mean that FTX was the VC investor here - and the "asset" is the potential of the investment to pay off?
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]