1 year ago
FTX recovered implicit $5 cardinal comprised of cash, concern securities and liquid cryptocurrencies, according to Reuters.
“We person located implicit $5 cardinal of cash, liquid cryptocurrency and liquid investments securities.”
Andy Dietderich — an FTX lawyer — provided the update to the lawsuit connected Jan. 11, informing a bankruptcy justice successful Delaware astatine the commencement of the FTX Senate Banking hearing.
Dietderich besides said that FTX plans to merchantability non-strategic investments that had a publication worth of $4.6 billion, though the company’s books person been described arsenic unreliable.
FTX filed for bankruptcy connected Nov. 11, 2022, starring to laminitis Sam Bankman-Fried (SBF) being accused of fraud — costing investors, customers and lenders alike successful excess of $10 billion. Attorneys and advisers proceed to endeavor to retrieve funds to repay FTX creditors.
The station FTX lawyer announces $5B successful assets recovered appeared archetypal connected CryptoSlate.
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