FTX has recovered $5 billion value of ‘liquid’ property, legal professionals say

FTX has recovered billion value of ‘liquid’ property, legal professionals say

Crucial Factors

FTX has recovered at least $5 billion of liquid property, including hard cash, crypto, and securities, attorneys explained to a Delaware individual bankruptcy judge on Wednesday.
The crypto exchange was once valued at $32 billion but imploded following studies of economical impropriety, which in the long run gave way to felony and regulatory probes, culminating in the arrest of founder Sam Bankman-Fried.
FTX’s new CEO, John J. Ray, formerly attested that at minimum $8 billion of customer property were unaccounted for in the “worst” situation of corporate regulate he’d ever seen.

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