Bankrupt Crypto Exchange FTX Has Cash Balance of Over $1 Billion

Bankrupt crypto exchange FTX has a cash balance in excess of $1 billion, according to a new filing by the company.The latest tally “identifies substantially higher cash balances than the debtors were in a position to substantiate as of Wednesday, Nov. 16,” the filing states, according to Bloomberg. In total, FTX is reported to have $1.24 billion in cash balance. While $751 million of the cash balance is held in debtor entities, the remai …