FTX Group Bankruptcy Filing Shows Cash Balance of $1.24 Billion
- Debtors found more money compared with few days earlier
- Group has been lambasted for deficient accounting of assets
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An FTX Group bankruptcy filing showed that the fallen cryptocurrency exchange and a number of affiliates had a combined cash balance of $1.24 billion.
The document from Alvarez & Marsal North America LLC, the proposed financial adviser to FTX, said trading house Alameda Research and related firms had a cash balance of almost $401 million.