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FTX Recovers over $5bn in Liquid Assets

CryptocurrencyFTX Recovers over $5bn in Liquid Assets

According to an attorney for the firm, the liquid assets of the defunct cryptocurrency exchange FTX, more than $5 billion assets (£4.1 billion), have been recovered. However, a US bankruptcy court was informed on Wednesday that the extent of customer losses is still unknown.

Prosecutors have charged FTX’s former CEO Sam Bankman-Fried with masterminding a “epic” fraud that could have cost investors, customers, and lenders billions of dollars.

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