The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year.
The company has secured $1.5 billion in cash in addition to the $1.1 billion it held on Nov. 11, and also holds $3.4 billion in crypto as valued at Aug. 31, the document said. That’s in addition to hundreds of millions of dollars worth of over 1,300 lesser known and potentially less liquid tokens such as MAPS and serum .
The presentation also details $2.2 billion in cash, crypto, equity and real estate received by Bankman-Fried and other executives, including Nishad Singh, Zixiao “Gary” Wang and Caroline Ellison, in the months leading up to the bankruptcy. That may be significant because U.S. law allows such payments to be clawed back and added to the stock of assets that can be distributed to creditors.
The filing also reports 38 condos, penthouses and other properties in the Bahamas with an estimated value of around $200 million. The company’s new management has attempted to reclaim funds made as donations to politicians and charitable organizations such as the
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