FTX Assets Include $1.2 Billion in SOL Tokens and $199 Million in Bahamas Properties Amid Bankruptcy Proceedings

A court filing reveals that the assets of bankrupt cryptocurrency exchange FTX, with a total value of around $7 billion, include approximately $1.2 billion in SOL tokens and 38 properties in the Bahamas valued at $199 million. FTX had operated from the Bahamas while being incorporated in Antigua and Barbuda.

To date, nearly $2.6 billion in cash has been secured during the bankruptcy proceedings that began after FTX filed for bankruptcy in November of the previous year.

The $1.2 billion in SOL tokens represents FTX's largest digital asset holding, while the exchange also holds $560 million in Bitcoin and $192 million in Ethereum.

Additionally, the filing indicates that 50 "insiders," including former CEO Sam Bankman-Fried, received a combination of cash, cryptocurrency, equity, and real estate with a total value of $2.2 billion.

There is still a possibility that FTX could resume business through a reboot, with 75 bidders having been contacted after debtors began considering this option in May. The evaluation of proposals and the timing of any transaction will depend on various factors.