$740M in crypto assets recovered in FTX bankruptcy so far

$740M in crypto assets recovered in FTX bankruptcy so far

a year ago
Anonymous $_PGtSJbg8h

https://apnews.com/9ab6a46f5b07d9a4fe7095d9d9589f84

NEW YORK (AP) — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX said they've managed to recover and secure $740 million in assets so far, a fraction of the potential billions of dollars likely missing from the company's coffers.

The numbers were disclosed on Wednesday in court filings by cryptocurrency custodial company BitGo, which FTX hired in the hours after the company filed for bankruptcy on November 11.