Bitcoin
$22,927.84
-90.46
Ethereum
$1,638.74
-7.88
Litecoin
$98.96
+1.6
DigitalCash
$65.34
+2.39
Monero
$163.95
-3.26
Nxt
$0.00
-0
Ethereum Classic
$22.38
-0.32
Dogecoin
$0.09
-0

FTX attorney announces $5B in assets recovered

0

FTX recovered over $5 billion comprised of cash, investment securities and liquid cryptocurrencies, according to Reuters.

“We have located over $5 billion of cash, liquid cryptocurrency and liquid investments securities.”

Andy Dietderich — an FTX attorney — provided the update to the case on Jan. 11, informing a bankruptcy judge in Delaware at the start of the FTX Senate Banking hearing.

Dietderich also said that FTX plans to sell non-strategic investments that had a book value of $4.6 billion, although the company’s books have been described as unreliable.

FTX filed for bankruptcy on Nov. 11, 2022, leading to founder Sam Bankman-Fried (SBF) being accused of fraud — costing investors, customers and lenders alike in excess of $10 billion. Attorneys and advisers continue to endeavor to recover funds to repay FTX creditors.

The post FTX attorney announces $5B in assets recovered appeared first on CryptoSlate.

Leave A Reply

Your email address will not be published.