Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
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.
The post FTX Locates $5 Billion in Assets, Attorney Says: Report appeared first on CryptoPotato.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.