Bankrupt FTX says they have recovered $7 billion in liquid assets.
The new FTX management team has recovered $7 billion, according to Bloomberg, as a new investigative report has been released by the now-collapsed exchange. Moreover, the new management has stated they have made, “substantial progress” in asset recovery.
However, the newly revealed investigative report shows the exchange owes its customers $8.7 billion. That total amount was owed at the time of the bankruptcy filings last year. Additionally, the report noted that $6.4 billion of that total is fiat currency and stablecoins that have been misused.
