FTX has recovered over $5B in cash and liquid crypto: Report

According to an lawyer acquainted with the matter, troubled cryptocurrency speech FTX has "recovered $5 cardinal successful currency and liquid cryptocurrencies." However, the speech is inactive "working to rebuild transaction history," and the full magnitude of lawsuit shortfall is "still unclear."

Cointelegraph previously reported that FTX has $8.8 cardinal successful full liabilities. At the time, sources said the speech had precise small successful currency and liquid integer assets, amounting to an estimated $8 cardinal spread successful its equilibrium sheet. 

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Sam Bankman-Fried, the disgraced laminitis of FTX, has pled not guilty to each transgression charges related to the exchange's fallout. The United States Attorney’s Office for the Southern District of New York has formed an FTX Task Force to “trace and recover” missing lawsuit funds and grip investigations and prosecutions related to the exchange’s collapse.

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