$5 billion of cash, liquid cryptocurrency and liquid investment securities + nonstrategic investments that had a book value of $4.6 billion<p>$9.6 billion of assets against $8 billion of customer deposits ... that would be quite the twist
So could it turn out that FTX was actually not insolvent as assumed but had such poor accounting that they didn't have liquid what was needed and didn't know how much in assets they even own?