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On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. On Wednesday, a lawyer from the failed crypto trading platform FTX, founded by Sam Bankman-Fried, said the company has recovered over 5 billion dollars.
U.S. The authorities accused the deep-fried banker of organizing an "epic" scam that may have cost investors, customers and lenders billions of dollars.
Read more: Sam Bankman-Fried could lose active Robinhood. Accounts receivable from the FTX.
Andy Dietderich, a lawyer for the failed exchange of FTX cryptocurrency, said the company "collected $5 billion in cash and liquid coins." Related reading: sam bankman-fried could lose robinhood active ftx dietetic debtors, a failed cryptocurrency ftx attorney, Said the company "got back $5 billion in cash and cash coins." the complete scope of the Stock Exchange's customer deficit is "still uncertain" as the Bahamas Securities Committee seized property, which were mostly the native token for the exchange, ftt. Such assets have not been included in recovered funds.
At the time of the press, the total value of all outstanding chips was $444.7 million. In addition, the bankruptcy attorney reportedly told reuters that the corporation plans to sell investments that are not strategic. These investments have a carrying value of $4.6 billion. Counsel also said they had uncovered numerous illiquid crypto assets.
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On Wednesday, FTX’s legal team appeared in court to seek permission to sell LedgerX, Embed, FTX Japan, and Europe. Ftx lawyer looking for approval to sell affiliate Wednesday, ftx legal team appeared in court to request permission to sell ledgerx, embed, ftx japan, and Europe.
Ftx is also asking for the consent of Bankruptcy Judge John Dorsey in delaware to keep his clients anonymous for six months. Sam bankman-fried, The foundation of the scholarship, was indicted on two counts of wire fraud and six conspiracy counts in manhattan federal court last month on allegations that he stole customer deposits to pay off debts at his hedge fund, alameda research, and lied to equity investors regarding the financial condition of the crypto exchange.
So far, he's entered a plea of not guilty.
Court documents indicate, Each of the four companies that the cryptography exchange plans to sell operates independently of the rest of the ftx group and has its own set of clients and managers.
Even if the exchange of cryptocurrency received many unsolicited offers, he says he has no intention of selling the businesses and instead will start auctioning them next month.
Related Readings: FTX disclaims the disclosure of selling LedgerX and other companies. Related reading: ftx refuses to disclose to sell ledgerx and other businessesftx's founder in bankruptcy, sam bankman-fried, denies any criminal indictment, The dishonourable founder of ftx, pleaded not guilty to all criminal charges in connection with the failure of the award. US lawmakers asked the judge in charge of the FTX bankruptcy case to appoint an “independent examiner,” but the judge denied the motion due to a potential conflict of interest.
Graphic of the prices of the TTF. Based on FTT/USDT on TradingView.com.
