FTX Locates $5 Billion in Property, Lawyer Says: Report

In a listening to from immediately, a chapter lawyer mentioned that FTX has managed to find over $5 billion of belongings.

  • Per a CoinDesk report, the lawyer mentioned that they’ve managed to find over $5 billion of money and liquid belongings.

Now we have situated over $5 billion of money, liquid cryptocurrency, and liquid funding securities measured at petition date worth.

  • This quantity doesn’t embrace the $450 million in cryptocurrencies which can be at present held by the Securities Fee of the Bahamas.
  • As well as, additionally they situated illiquid cryptocurrency tokens the place they maintain such giant positions that may’t be offloaded with out affecting the marketplace for mentioned tokens.

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