Published 4 years ago • loading... • Updated 4 years ago
US$740M in crypto assets recovered in FTX bankruptcy, a fraction of the missing money
Summary by Ground News
FTX filed for bankruptcy on November 11. The company tasked with securing the company's assets says they've recovered $740 million. That's a fraction of the potential billions of dollars likely missing from FTX's coffers. FTX failed because its founder and former CEO used customer assets to make bets in his trading firm.