FTX told a bankruptcy judge in Delaware last week that it had recovered over $5 billion.
FTX told a bankruptcy judge in Delaware last week that it had recovered over $5 billion in crypto, cash and liquid securities, nine weeks after declaring bankruptcy.
FTX did not provide an estimate of total liabilities, but said it had identified important significant shortfalls at both its international and U.S. crypto exchanges. The crypto assets recovered to date include $685 million in Solana, $529 million in FTX’s proprietary FTT token and $268 million in bitcoin, based on crypto prices on Nov. 11, 2022. Solana, which was lauded by Bankman-Fried, lost most of its value in 2022.
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: Alameda could borrow up to $65 billion without collateralFTX’s back door to Alameda gave the research arm access to borrow billions of customers fund without collateral The recovered funds are less than the assets that were supposed to be on both FTX.com and FTX US FTX Debtors released a new update on the recent developments in the bankruptcy proceedings. The update was regarding […]
Read more »
SkyBridge Capital founder to invest in crypto firm founded by former FTX US presidentAnthony Scaramucci, the founder of SkyBridge Capital, told Bloomberg that he is going to invest in a crypto company founded by the former president of FTX US. This new venture was announced only three weeks after the collapse of the cryptocurrency exchange FTX. Anthony Scaramucci, the founder of SkyBridge Capital, told Bloomberg that he is […]
Read more »
White House says no visitor logs for Biden's home after GOP requestNo visitor logs exist for Joe Biden\u0027s Delaware home, where classified documents were found, as it is a private residence, White House said.
Read more »
White House says no visitor logs for Biden's home after GOP requestNo visitor logs exist for Joe Biden\u0027s Delaware home, where classified documents were found, as it is a private residence, White House said.
Read more »
White House says no visitor logs for Biden's home after GOP requestNo visitor logs exist for Joe Biden\u0027s Delaware home, where classified documents were found, as it is a private residence, White House said.
Read more »