FTX Facilities Are Up For Sale, Including 13 Storage Units And $2.4 Million In Cars

Key Points:

• 13 FTX storage facilities and $2.4 million in vehicles will soon go up for auction.
• Liquidators have also requested the transfer of $46.7 million in USDT that is now held in an account under the name of FTX Digital.
• Everything in the business’s Bahamas headquarters, which had its locks changed and is now secured on site, will also be put on the market.

A half-million dollars worth of office furniture and equipment, as well as 13 storage facilities in the Bahamas containing FTX’s “physical products,” are expected to hit the market soon.

Although there is little likelihood of discovering unique valuables, that office equipment and whatever is in the storage lockers will soon be available for purchase, according to a report from liquidators entrusted with sorting through the collapsed cryptocurrency exchange’s remaining assets.

The list of assets also includes $2.4 million in automobiles, which the report mentions very briefly.

The JPLs have determined that there is no longer a need for the Company to maintain the current fleet size. Accordingly, the JPLs have commenced a fleet appraisal process following which disposals will commence.

They want to sell them as soon as possible so that their worth does not depreciate.

Everything in the business’s Bahamas headquarters, which had its locks changed and is now secured on site, will also be put on the market.

According to the report, the corporation has $219.5 million in cash on hand as of November 10. The list contained several institutions whose names were omitted as liquidators sought to reclaim the funds, as well as Fidelity Bank, Silvergate Bank, Deltec Bank, and Moonstone Bank.

According to the article, liquidators have also requested the transfer of $46.7 million in USDT that is now held in an account under the name of FTX Digital and are currently waiting for Tether to do so.

At the end of October of last year, the corporation had assets worth a total of $1.2 billion, according to the study.

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