FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors

Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing. On Wednesday, FTX attorney Andrew G. Dietderich said in federal court in Wilmington, Delaware that they have also recovered a large amount of illiquid crypto assets and other “nonstrategic investments” made by FTX that have a book value of $4.6 billion, the Washington Post reported. ... Read More: FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors