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Is there hope for the sale of FTX's remaining assets in a bundled deal? SBF tweets in agreement: high feasibility, optimal compensation solution.

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Is there hope for the sale of FTX

FTX's restructured team of lawyers mentioned a plan to sell approximately $5 billion in assets during the latest hearing, a figure that has reignited hope among global creditors. SBF has also voiced continuous support on Twitter, emphasizing the high feasibility of this plan.

Plan to Sell $4.6 Billion in Assets

The FTX hearing was held at the Delaware court on 1/11 22:00 (Taiwan time). Andy Dietderich, FTX's lawyer, mentioned at the hearing that FTX plans to sell non-strategic investment assets with a book value of $4.6 billion:

We have identified over $5 billion in cash, liquid cryptocurrencies, and investment securities.

This figure has reignited hope among global creditors. The crypto community and lawyer @wassielawyer also believe that selling FTX seems feasible and are optimistic about the final compensation plan.

FTX founder SBF also expressed agreement on Twitter:

Indeed, I have always believed this is the best compensation plan for users, and it is quite feasible. However, it may still take a few weeks. FTX.US has the ability to pay, and U.S. users should receive full compensation.

Why can FTX.US Users Receive Compensation?

In fact, John Ray, CEO of the FTX restructuring team, mentioned in the first hearing in early December last year that FTX.com, FTX.US, Alameda, and all user funds are mixed together, emphasizing that FTX.US is not as "independent from FTX" as SBF claimed.

The contradiction lies in his statement to the senators that compared to FTX, FTX.US has a better chance of recovering and returning all user funds, but he is still clarifying the exact scale of the overall fund black hole, which will take several more months to clarify.

Since FTX.US is not independent from FTX, and the finances between various subsidiaries are entangled and chaotic, how did John Ray determine that FTX.US users are eligible for a higher percentage of compensation?