FTX Locates $5 Billion in Assets, Attorney Says: Report

FTX Locates $5 Billion in Assets, Attorney Says: Report

Time Stamp: January 11, 2023 9:30 AM
Source Node: 1893265

In a hearing from today, a bankruptcy attorney said that FTX has managed to locate over $5 billion of assets.

  • Per a CoinDesk report, the attorney said that they’ve managed to locate over $5 billion of cash and liquid assets.

We have located over $5 billion of cash, liquid cryptocurrency, and liquid investment securities measured at petition date value.

  • This number doesn’t include the $450 million in cryptocurrencies that are currently held by the Securities Commission of the Bahamas.
  • In addition, they also located illiquid cryptocurrency tokens where they hold such large positions that can’t be offloaded without affecting the market for said tokens.
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