Published 1 year ago

Failed crypto exchange FTX has recovered over $5 bln, attorney says

Summary by Ground News

Crypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday.

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Times of India

FTX has recovered over $5 billion in cash and securities, attorney says

The company filed for bankruptcy in November and US prosecutors accused Bankman-Fried of orchestrating an "epic" fraud that may have cost investors, customers and lenders billions of dollars.

1 year ago·India

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BBC News

FTX: Collapsed crypto giant recovers over $5bn of assets

The firm's former chief executive Sam Bankman-Fried is accused of orchestrating an "epic" fraud.

1 year ago·United Kingdom

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Reuters

Failed crypto exchange FTX has recovered over $5 bln, attorney says

The U.S. Commodities Futures Trading Commission has estimated missing customer funds at more than $8 billion.

1 year ago·United Kingdom

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CNN

FTX lawyers say they have recovered $5 billion in assets

FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used to help repay creditors, a lawyer for the failed crypto firm said during a bankruptcy court hearing Wednesday.

1 year ago·Atlanta, United States

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The Washington Post

FTX recovers $5 billion in cash and crypto to repay customers

The collapsed exchange has found more than 9 million accounts; it’s unclear how many will be made whole.

1 year ago

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KIFI

FTX lawyers say they have recovered $5 billion in assets

By Allison Morrow, CNN FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used to help repay creditors, a lawyer for the failed crypto firm said during a bankruptcy court hearing Wednesday. That disclosure significantly raises the estimated amount of funds FTX claims to hold. Last month, FTX lawyers submitted filings that showed the company and its affiliates had a total of $1.…

1 year ago·Idaho Falls, United States

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