The new management team of FTX, which went bankrupt last year, said it made a lot of progress securing assets and recovered $7 billion in liquid assets so far. This is being reported by Bloomberg News today, based on a report shared by the management team of FTX that was released today. https://preview.redd.it/3q77hdvdle8b1.png?width=1008&format=png&auto=webp&s=c5461fd99a35be24ccf55c3fbaef6c2d9399288f This is very significant given that the FTX team has said that the exchange owed customers $8.7 Billion. https://preview.redd.it/0d29x5nhle8b1.png?width=844&format=png&auto=webp&s=1bd444ee204f3262b56c057064170a95216b2b5b There have been rumors that the exchange will restart as FTX 2.0. I really wonder how a restart of FTX will be received. I cant imagine people will be very happy to use FTX given what happened the last time. Sam Bankman-Fried in that sense damaged the reputation of FTX forever. I hope people will get their money back at least.. and that not all the money goes to lawyers and advisors. We already know that those advisors are very expensive. https://preview.redd.it/efelqe7kme8b1.png?width=758&format=png&auto=webp&s=86705f9e5bd8bb8c3a24d8f5760bebeb2856fc43 submitted by /u/Beyonderr [link] [comments]
Cryptocurrency News & Discussion
The new management team of FTX, which went bankrupt last year, said it made a lot of progress securing assets and recovered $7 billion in liquid assets so far. This is being reported by Bloomberg News today, based on a report shared by the management team of FTX that was released today.
This is very significant given that the FTX team has said that the exchange owed customers $8.7 Billion.
There have been rumors that the exchange will restart as FTX 2.0. I really wonder how a restart of FTX will be received. I cant imagine people will be very happy to use FTX given what happened the last time. Sam Bankman-Fried in that sense damaged the reputation of FTX forever.
I hope people will get their money back at least.. and that not all the money goes to lawyers and advisors. We already know that those advisors are very expensive.
submitted by /u/Beyonderr
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