Notes:
Bankman-Fried personally seems to own, indirectly, about $472M (paid over $600M, so that was a loss) worth of Robinhood Financial.[1]
Other documents provided to investors say that FTX US, Bankman-Fried’s onshore exchange, held $115mn of cash. Of that sum, $48mn was listed as corresponding to customer US dollar balances of $60mn.
So there might be enough cash to pay off customer cash balances. Those belong to the customer, not FTX, and were supposed to be in a separate account.
Here's the bankruptcy filing.[2] Case #22-11066.
Money appears to be flowing out of FTX to "privileged accounts" and anonymous wallets.[3]
This is now well past simple speculating with customer funds and into major criminal enterprise territory.
Creditor litigation is being started up.[4] Of course.
[1] https://archive.ph/o/hfvzw/https://www.sec.gov/Archives/edga...
[2] https://pacer-documents.s3.amazonaws.com/33/188448/042120640...
[3] https://btc-pulse.com/2022/11/12/ftx-withdrawals-resume-but-...
[4] https://scott-scott.com/sec-investigation/ftx-trading-ltd/