In a hearing from today, a bankruptcy attorney said that FTX has managed to locate over $5 billion of assets.
- Per a CoinDesk report, the attorney said that they’ve managed to locate over $5 billion of cash and liquid assets.
We have located over $5 billion of cash, liquid cryptocurrency, and liquid investment securities measured at petition date value.
- This number doesn’t include the $450 million in cryptocurrencies that are currently held by the Securities Commission of the Bahamas.
- In addition, they also located illiquid cryptocurrency tokens where they hold such large positions that can’t be offloaded without affecting the market for said tokens.
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Source: https://cryptopotato.com/ftx-locates-5-billion-in-assets-attorney-says-report/