Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Headline from Forbes
FTX’s nine million creditors and customers may soon get some of their money back via a settlement fund, but the billionaires and celebrities including Peter Thiel and Tom Brady who invested in the crypto exchange are likely out of luck.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
FTX’s nine million creditors and customers may soon get some of their money back via a settlement fund, but the billionaires and celebrities including Peter Thiel and Tom Brady who invested in the crypto exchange are likely out of luck.
An attorney for bankrupt crypto exchange FTX told a judge Wednesday the failed platform has recovered more than $5 billion liquid assets, including cash and securities
A bankruptcy attorney for cryptocurrency firm FTX said the company has already recovered “over $5 billion” in cash and securities as disgraced founder Sam Bankman-Fried faces years in prison.
Collapsed cryptocurrency exchange FTX says it has recovered more than $5 billion worth of cash and crypto assets it may be able to sell to help repay customers and investors,
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.
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