#Messari is reporting that 40-50% of #FTX assets may be recoverable, based on FT balance sheet data.

I consider this optimistic. While it marks down some likely valueless assets, they only mark down the "illiquid assets" 11.2%.

If you entirely remove the illiquid assets, then the recoverable amount drops to ~14%.

Here is what FT reported as the book value of them:

"other ventures": 1.475 B
#GDA: 1.150 B
#Anthropic: 500 M
#PYTH: 63 M
#TWTR: 35 M
#TRUMPLOSE: 7 M