{"id":287995,"date":"2023-01-11T15:03:45","date_gmt":"2023-01-11T15:03:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=287995"},"modified":"2023-01-11T15:52:43","modified_gmt":"2023-01-11T15:52:43","slug":"ftx-attorney-announces-5b-in-assets-recovered","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ftx-attorney-announces-5b-in-assets-recovered\/","title":{"rendered":"FTX attorney announces $5B in assets recovered"},"content":{"rendered":"

FTX<\/a> recovered over $5 billion comprised of cash, investment securities and liquid cryptocurrencies, according to Reuters.<\/p>\n

\n

“We have located over $5 billion of cash, liquid cryptocurrency and liquid investments securities.”<\/p>\n<\/blockquote>\n

Andy Dietderich \u2014 an FTX attorney \u2014 provided the update to the case on Jan. 11, informing a bankruptcy judge in Delaware at the start of the FTX Senate Banking hearing<\/a>.<\/p>\n

Dietderich also said that FTX plans to sell non-strategic investments that had a book value of $4.6 billion, although the company's books have been described as unreliable.<\/p>\n

FTX filed for bankruptcy on Nov. 11, 2022, leading to founder Sam Bankman-Fried (SBF<\/a>) being accused of fraud \u2014 costing investors, customers and lenders alike in excess of $10 billion. Attorneys and advisers continue to endeavor to recover funds to repay FTX creditors.<\/p>\n","protected":false},"excerpt":{"rendered":"

FTX recovered over $5 billion comprised of cash, investment securities and liquid cryptocurrencies, according to Reuters. “We have located over $5 billion of cash, liquid cryptocurrency and liquid investments securities.” Andy Dietderich \u2014 an FTX attorney \u2014 provided the update to the case on Jan. 11, informing a bankruptcy judge in Delaware at the start […]<\/p>\n","protected":false},"author":1398,"featured_media":288032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,77968,60793],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nFTX attorney announces $5B in assets recovered<\/title>\n<meta name=\"description\" content=\"FTX attorney Andy Dietderich announced that $5 billion in cash, investment securities and liquid cryptocurrencies have been recovered.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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