Illiquid

His investment was illiquid.

illiquid assets

Investment in illiquid assets may prove to be a mistake if the market turns down.

Aside from the $5.5 billion, FTX also holds sizable positions in 20 digital assets that the lawyers described as “illiquid tokens” that are difficult to convert into cash.

“While I was co-CEO and then CEO, I understood that Alameda had made numerous large illiquid venture investments and had lent money to Mr Bankman-Fried and other FTX executives,” Ellison said.

illiquid millionaires