FTX’s unliquidated investments would be worth $206B today, highlighting the cost of a fire sale

FTX's unliquidated investments would be worth $206B today, highlighting the cost of a fire sale. The exchange's asset liquidation strategy, executed during bankruptcy, may have undervalued holdings. This underscores the need for innovative bankruptcy approaches to maximize asset value and creditor recovery in volatile markets, as traditional fire sales can lead to significant losses.