WILMINGTON, DE – A Deleware bankruptcy court presentation disclosed Friday showed FTX only holds 1 bitcoin against the 1,591 bitcoin it owes customers, as well as several other deficits of crypto coins against customer receivables. 

The presentation, given by an FTX debtors group, shows a deficit of 9,850 unaccounted-for cash and stablecoins in FTX’s books, including ETH, SOL, XRP, and more. On Mar. 2, the exchange’s current CEO, John J. Ray III, stated FTX’s “books and records are incomplete and, in many cases, totally absent.”

According to the presentation, $2.2 billion of assets have been secured, of which $694 million are in volatile liquid assets such as cash and crypto in wallets linked to FTX.US. Another $432 million in unauthorized transfers has been traced to wallets linked to FTX.COM and FTX.US. 

A further $385 million in customer receivables have been located but are offset by Alameda Research’s $9.3 billion net borrowings. All in all, FTX only holds 0.06% of the assets it owes its customers.