The company said it also hopes to sell more than 300 other investment holdings worth around $4.6 billion. FTX filed for bankruptcy in November and is embroiled in legal drama as founder Sam Bankman-Fried faces federal charges for lying to investors and stealing billions for his personal use.
The company is seeking to recover funds to reimburse customers and investors; 9 million customer accounts have been identified as eligible for possible repayments, FTX lawyer Andrew Dietderich said in the court hearing. The firm guiding FTX through its bankruptcy has been scrutinized as well, with a bipartisan group of senators sending a letter to the judge saying the firm may not be able to conduct a reasonable investigation.
LOL crypto isn't 'other liquid assets'
So what, he had the money in a shoebox under his bed? I mean come on.
Um…where would one look to find a spare $5 billion. Like it was just hanging out somewhere?
Hao
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Source: MarketWatch - 🏆 3. / 97 Read more »