Definition of "illiquid"

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.

2023 January 17, Matthew Goldstein, David Yaffe-Bellany, “In Hunt for FTX Assets, Lawyers Locate Billions in Cash and Crypto”, in The New York Times‎

“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.

2023 September 30, Victoria Bekiempis, quoting Caroline Ellison, “‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here”, in The Guardian‎