[yieldcrv]

we can debate liquidity and depth of the market for those assets, but they're also just using the same standard as what was lost as well, so does it really matter?

unless we’re going to start with “they didn't lose $8.6bn and an independent valuation put all lost assets at $2bn so now everyone’s solvent what an amazing turnaround”

[Mistletoe]

One huge difference is that the $8.6 billion number probably included all the BTC and ETH that they were supposed to have and that was deposited with them. Those were actually liquid and worth a lot. When FTX failed they didn’t have the BTC and ETH people had deposited with them. The theory is that FTX/Alameda used it all to pump tokens they owned, buy real estate and make deals, and of course losing trades. No one in crypto values this new list at 7.3 billion. It’s actually a source of much ridicule and hilarity if it is similar to that list I posted.