Bankrupt crypto exchange FTX has recovered over US$7.3 billion in cash and liquid crypto assets, an increase of more than US$800 million since January, the company's attorney said on Wednesday at a US bankruptcy court hearing in Delaware.
FTX's new CEO John Ray has detailed improper fund transfers and poor accounting at the collapsed crypto exchange, describing it as a "complete failure" of controls. He offered few details on what a reboot might mean for FTX customers whose crypto deposits have been locked up during the bankruptcy case.
FTX is also working on a preliminary Chapter 11 plan that would offer the company a path out of bankruptcy, Dietderich said.
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Bankrupt crypto exchange FTX has recovered US$7.3 billion in assetsBankrupt crypto exchange FTX has recovered over US$7.3 billion in cash and liquid crypto assets, an increase of more than US$800 million since January, the company's attorney said on Wednesday (Apr 12) at a US bankruptcy court hearing in Delaware. FTX attorney Andy Dietderich said the company is starting t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bankrupt crypto exchange FTX has recovered $7.3 billion in assets:Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company's attorney said on Wednesday at a U.S. bankruptcy court hearing in Delaware.FTX attorney Andy Dietderich said the company is starting to think about
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bankrupt crypto exchange FTX has recovered US$7.3 billion in assets: AttorneyBankrupt crypto exchange FTX has recovered over US$7.3 billion in cash and crypto assets, an increase of more than US$800 million since January, the company's attorney said on Wednesday at a US bankruptcy court hearing. FTX attorney Andy Dietderich said at a court hearing in Delaware the company is startin
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bankrupt crypto exchange FTX has recovered $7.3 billion in assets -attorneyBankrupt crypto exchange FTX has recovered over $7.3 billion in cash and crypto assets, an increase of more than $800 million since January, the company's attorney said on Wednesday at a U.S. bankruptcy court hearing.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bankrupt crypto exchange FTX has recovered $7.3 billion in assets -attorneyBankrupt crypto exchange FTX has recovered over $7.3 billion in cash and crypto assets, an increase of more than $800 million since January, the company's attorney said on Wednesday at a U.S. bankruptcy court hearing.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bankrupt crypto exchange FTX has recovered US$7.3 billion in assets: AttorneyBankrupt crypto exchange FTX has recovered over US$7.3 billion in cash and crypto assets, an increase of more than US$800 million since January, the company's attorney said on Wednesday at a US bankruptcy court hearing. FTX attorney Andy Dietderich said at a court hearing in Delaware the company is startin
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »