Zane Tackett / @tackettzane:
[Thread] FTX’s former Institutional Sales head looks at its balance sheet and options, including bankruptcy or issuing a token, and their pros and cons — 1/I obviously have 0 say at this point, but hey, interested to hear others’ thoughts: Two options: A) bankruptcy B) token [THESE ARE NOT CONCRETE NUMBERS] Liabilities: -8.8bn Liquid assets: 900m Less liquid: 2.037bn Illiquid: 3.2bn liquid hole: -7.9bn illiquid hole: -2.66bn
