"FourthAnd1" appears in leaked FTX bankruptcy documents as part of the company's $5.3 billion venture capital portfolio, often categorized as a private equity or token investment in the Web3, gaming, or sports tech sectors. Many such investments, described as illiquid, are being liquidated as part of the FTX restructuring plan to fund creditor repayments. For more on this, visit Investopedia.
FTX to Distribute $2.2B to Creditors in Fourth Payout on March 31 fourthand1_-_ftx.pdf