Subscribe To
FTX Bankruptcy Team Releases Second Investigative Report; $7B Recovered
FTX's bankruptcy team tasked with recovering customer funds released a new report yesterday (Monday) showing the collapsed cryptocurrency exchange has so far recovered $7 billion out of the $8.7 billion owed to customers.According to the report, the extensive commingling of funds complicates the efforts to recover the remaining amount. The company's then management hid its actions with the assistance of a senior attorney as early as August 2022, the team claimed. FTX’s Alleged Misappropriation...
Read More
Posted: Jun 27 2023, 09:02
Author Name: financemagnates
Views: 081094