Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday.

The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy.

Amongst the various arms Sam Bankman-Fried's fallen crypto empire, FTX.US has $260 million in cash. Bankman-Fried has repeatedly claimed that the U.S. wing is solvent. Last month he blogged that FTX US "had at least $111m, and likely around $400m, of excess cash on top of what was required to match customer balances."

"Customer balances are likely around $199m, and certainly less than $497m (which they were a day earlier before massive withdrawals)," he added.

(By Jamie Crawley)

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