FTX recovers over $5 billion in assets, attorney claims

 

The bankruptcy cryptocurrency exchange – FTX – has managed to recover over $5 billion of its assets. The recovery was made in cash, liquid cryptocurrencies, and securities. This, however, does not take into account the money held by the Bahamas Securities Commission. The commission holds over $400 million of the crypto exchange’s assets. The revelation was made during the bankruptcy hearing by FTX attorney – Adam Landis.

Moreover, according to Reuters, the bankruptcy attorney stated that the firm plans to sell non-strategic investments. These investments have a book value of $4.6 billion.

The story is still updating.

This article originally appeared here.

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