FTX has recovered $7B in belongings up to now, has nearly $2B to go to cowl misappropriations

FTX has recovered about $7 billion in liquid belongings up to now, and the seek for further belongings is constant, CEO John Ray stated within the FTX Debtors’ second interim report, launched June 26. The intensive commingling of funds complicates their efforts, nevertheless.

The FTX Debtors, made up of FTX and associates, at the moment estimate the quantity of buyer belongings misappropriated at $8.7 billion. Most of that cash, about $6.4 billion, was in fiat and stablecoins, which FTX didn’t differentiate between in its accounting.

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