On November 11, Zane Tackett, former FTX institutional sales head, spoke out for the first time after being fired. He said, "I clearly have a voice at this point, but I'm interested in hearing others' thoughts. Currently, FTX has two options: A) Bankruptcy; B) Token," and disclosed the financial data he had seen:
Liabilities (user assets): $8.8 billion
Liquid assets (USD/JPY/DAI): $900 million
Less liquid assets (GBTC/ETH/SOL): $2.037 billion
Illiquid assets (long-term equity investments): $3.2 billion
Liquidity gap: $7.9 billion
Illiquidity gap: $2.66 billion
Additionally, Zane stated, "In the past few days, I've spoken with some of our major clients, who expressed interest in exploring a token model to address the shortfall, indicating it is preferred over any bankruptcy process."Original link
