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FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy

The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.

FTX founder Sam Bankman-Fried (Michael M. Santiago/Getty Images)
FTX founder Sam Bankman-Fried (Michael M. Santiago/Getty Images)