FTX had total cash balance of $1.24 billion as of Nov. 20
1:11 am Tuesday, November 22nd, 2022
(Reuters) – Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, had a total cash balance of $1.24 billion as of Nov. 20, according to a court filing on Monday.
FTX will see a drop in its cash flow by $20 million to $459 million by Dec. 23, from $479 million as of Nov. 25, the filing said.
In an earlier court filing, FTX had said that it owes its 50 biggest creditors nearly $3.1 billion.
(Reporting by Juby Babu in Bengaluru; Editing by Kim Coghill)
