FTX has recovered about $7 billion in liquid belongings to date, and the seek for further belongings continues, CEO John Ray mentioned in FTX’s second interim report back to debtors. launched June 26 Nevertheless, the intensive commingling of funds complicates their efforts.
FTX’s debtors, comprised of FTX and associates, presently estimate $8.7 billion in misappropriated buyer belongings. Most of that cash, about $6.4 billion, was in fiat and stablecoins, which FTX didn’t account for in its accounting.
Proceed studying Coin Telegraph.
