FTX Locates $5 Billion in Assets, Attorney Says: Report

In a hearing from today, a bankruptcy attorney said that FTX has managed to locate over $5 billion of assets.

  • Per a CoinDesk reportthe attorney said that they’ve managed to locate over $5 billion of cash and liquid assets.

We have located over $5 billion of cash, liquid cryptocurrency, and liquid investment securities measured at petition date value.

  • This number doesn’t include the $450 million in cryptocurrencies that are currently held by the Securities Commission of the Bahamas.
  • In addition, they also located illiquid cryptocurrency tokens where they hold such large positions that can’t be offloaded without affecting the market for said tokens.

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Source link

Leave a Comment