FTX Ventures both invested in and received investments in companies, spreading its funds among Clifton Bay Investments LLC, FTX Ventures Ltd, Island Bay Ventures Inc and some potential investors, according to documents filed Thursday with Delaware bankruptcy court, CoinDesk reported. subsidiary company. Of these groups, Clifton Bay Investments and FTX Ventures are the only entities that prepare quarterly financial statements. According to new FTX CEO John J. Ray III, even Island Bay Ventures’ financial statements haven’t been located yet. The Sept. 30 balance sheet showed Clifton Bay had assets of $1.52 billion and liabilities of $1.5 billion, the bulk of which came from the “related party accounts payable” category (that is, amounts owed to other FTX-owned entities), FTX Ventures assets of $493 million and total liabilities of $492 million. In January 2022, FTX announced the establishment of the venture capital department FTX Ventures and launched a $2 billion venture capital fund, and appointed Amy Wu, a former partner of the venture capital firm Lightspeed, as the head of the venture capital department. Amy Wu announced her resignation last Friday.