FTX Group has cash balance of $1.24 billion, new bankruptcy filing shows

FTX Group, which filed for Chapter 11 bankruptcy protection on Nov. 11, has a combined cash balance of $1.24 billion, according to a new court filing. The latest figures are "substantially higher cash balances than the Debtors were in a position to substantiate as of Wednesday, Nov. 16," it reads.

The cash balances are divided among four silos — the Alameda silo, dotcom silo, ventures silo and West Realm Shires (WRS) silo — and include amounts of both their debtor and no-debtor entities. About $751 million is held in debtor entities and the rest, $488 million, is in non-debtor entities, per the filing. FTX Group collapsed amid a sudden liquidity crisis.

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