FTX has recovered over $5 billion in liquid assets

FTX has recovered over $5 billion in liquid assets

The cryptocurrency platform FTXwhich declared bankruptcy last November and whose main responsible has been accused of fraud in USAhas recovered more than $5 billion in liquid assets, including cash, stocks and cryptocurrencies that could be sold to repair affected users.

This was stated by his lawyers this Wednesday during a hearing of the bankruptcy process that is taking place in a court in the state of Delaware (USA), according to specialized media.

Although the firm – now run by an administration approved by the bankruptcy court – has not detailed exactly the money lost by its users in the collapse of the platform, it is estimated that the hole could be at least 8,000 million dollars.

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FTX, which once had a valuation of 32,000 million dollars, declared bankruptcy on November 11 after a rapid collapse after many users rushed to withdraw their funds amid reports that questioned the solvency of the company. company, and its debacle has caused havoc in the sector.

Its founder, Sam Bankman-Fried, is accused by the United States authorities of multiple crimes, of which he pleaded not guilty last week before a federal court in New York, where he arrived after being extradited from the Bahamas, where he resided. and his company was based.

Bankman-Fried He remains on probation after agreeing to one of the highest bails in US history, at $250 million.

The alleged fraudster, who faces a maximum of 115 years in prison if convicted of all the crimes in this case, is scheduled to start trial on October 2.

Source: EFE

Source: Gestion

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