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

South Africa News News

FTX: Collapsed crypto giant recovers over $5bn of assets
South Africa Latest News,South Africa Headlines
  • 📰 BBCTech
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 55%

FTX: Collapsed cryptocurrency giant recovers $5bn in assets

Mr Dietderich said that the recovered funds do not include assets seized by the Securities Commission of the Bahamas, where FTX was based and where Mr Bankman-Fried was living at the time of his arrest.However, American football star Tom Brady, his former wife Giselle Bündchen and New England Patriots owner Robert Kraft were mentioned in court filings.

FTX, which a year ago was valued at $32bn, filed for bankruptcy protection on 11 November. It has been estimated that $8bn of customer's funds was missing.of misappropriating FTX customers' funds to pay debts at his cryptocurrency trading firm Alameda Research and to make other investments. FTX co-founder Gary Wang and Caroline Ellison, the former head of Alameda, have also been charged over their alleged roles in the company's collapse. Authorities said they were both cooperating with the investigation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BBCTech /  🏆 81. in UK

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX identifies $5bn in liquid assets as it is cleared to explore some sales\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »

South Korea’s Hanwha plans $2.5bn push into US solar manufacturing\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Read more »

Newcastle City Council fined after decaying tree collapsed on girlNewcastle City Council fined after decaying tree collapsed on girlSix-year-old Ella Henderson died a day after being struck by the falling tree at her school.
Read more »

Prisoner, 23, collapsed died with haemorrhage a week after Covid jabPrisoner, 23, collapsed died with haemorrhage a week after Covid jabAn assistant coroner has requested evidence as to whether there is any link between the AstraZeneca vaccine and Cecil Chisale's death
Read more »

Young girl ignored by bystanders after mum collapsed in streetYoung girl ignored by bystanders after mum collapsed in streetYoung girl ignored by bystanders as she pleaded for help after mum collapsed
Read more »

Four US senators question Sullivan & Cromwell’s role in FTX bankruptcy\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »



Render Time: 2025-03-04 20:15:19