Not only that, but these liabilities are likely only a chunk of the customer’s funds (hence “fiat”). A lot more data is missing. Indeed, from John J. Ray III’s

Not only that, but these liabilities are likely only a chunk of the customer’s funds (hence “fiat”). A lot more data is missing. Indeed, from John J. Ray III’s declaration[0]: > The Dotcom Silo Debtors may have significant liabilities to customers through the FTX.com platform. However, such liabilities are not reflected in the financial statements prepared by these companies while they were under the control of Mr. Bankman-Fried And from SBF[1]: > it looks like people wired $8b to Alameda and oh god we basically forgot about the stub accounts that corresponded to that and so it was never delivered to FTX [0]: https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf https://pacer-documents.s3.amazonaws.com/33/188450/042020648... [1]: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy https://www.vox.com/future-perfect/23462333/sam-bankman-frie...