FTX has recovered $5 billion worth of 'liquid' assets, lawyers say
Publishing timestamp: 2023-01-11 14:51:17
Summary
FTX has recovered at least $5 billion of liquid assets, including cash and digital assets, attorneys in Delaware bankruptcy court said during FTX bankruptcy hearing Wednesday. This comes after federal prosecutors announced plans to seize at least $500 million worth of FTX-connected assets as part of their ongoing prosecution of FTX co-founder Sam Bankman-Fried. The $5 billion figure does not include any illiquid cryptocurrency assets.
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Keywords: fraud and false statements, fintech, investment strategy, cryptocurrency, cryptocurrency exchanges, business news, technology, ftx token/usd coin metrics, crime, bankruptcy figures,