Press "Enter" to skip to content

FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets

By Becky Yerak

Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is hoping to sell hundreds of additional holdings with a book value of more than $4.6 billion.

Those assets are valued as of FTX’s bankruptcy filing in November and don’t include $425 million held by authorities in the Bahamas, company lawyers said on Wednesday in the U.S. Bankruptcy Court in Wilmington, Del.

Read Full Article Here…(wsj.com)


Caravan to Midnight

We Need Your Help To Keep Caravan To Midnight Going

Please Consider Donating To Help Keep Independent Media Independent

Breaking News: