FTX Recovers $7.3 Billion in Cryptocurrency Assets.
TL;DR Summary
FTX's new leadership has recovered $7.3 billion in assets and is considering restarting the cryptocurrency exchange, according to a company lawyer. The exchange had faced bankruptcy after former CEO Sam Bankman-Fried was accused of improperly diverting billions of dollars of FTX customer funds to sister company Alameda. FTX's new leadership is trying to figure out how much money it can return to creditors and whether to use its own funds to restart the exchange or seek outside funding.
- FTX has recovered $7.3 billion, tells court “the dumpster fire is out” Ars Technica
- $7bn FTX cryptocurrency assets recovered, lawyers say - BBC News BBC News
- FTX attorney says $7.3B in assets recovered: 'Dumpster fire is out' New York Post
- 'The Dumpster Fire Is Out:' Attorneys for Bankrupt FTX Consider Restarting Exchange Gizmodo
- FTX has recovered $7.3B in assets, bankruptcy lawyer says Fox Business
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