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  4. Advisors of Bankrupt FTX Found $5B Worth of Sunken Treasures
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Advisors of Bankrupt FTX Found $5B Worth of Sunken Treasures

FTX Group advisors revealed that they found more than $5B in cash or crypto.Advisors have also found a large amount of other crypto assets that are illiquid.The FTX Group...
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Advisors of Bankrupt FTX Found $5B Worth of Sunken Treasures Advisors of Bankrupt FTX Found $5B Worth of Sunken Treasures

  • FTX Group advisors revealed that they found more than $5B in cash or crypto.

  • Advisors have also found a large amount of other crypto assets that are illiquid.

  • The FTX Group advisors have been sorting through records since November.

FTX Group advisors revealed that they have found more than $5 billion in cash or crypto assets, which could help repay the creditors. With crypto communities expecting 2023 will be an era of advancements, FTX Group advisors have bought this news as a beacon of hope that could possibly help those who suffered against the harsh destruction of a once shining empire.

FTX’s attorney, Andrew G. Dietderich, stated this new-found revelation to the US Bankruptcy Judge, John T Dorsey who was overseeing the company’s bankruptcy in the federal court of Wilmington, Delaware. According to a report by Bloomberg, the FTX Group advisors revealed that they have found more than $5 billion.

Searching for ways to resolve this tough spot, advisors have also found a large amount of other crypto assets that are illiquid, which is difficult to sell. FTX’s advisors explained that they have been sorting through the sunken crypto exchanges wreckage since November.

Dietderich also pinpointed that FTX advisors have found around 9 million custome ...

The post Advisors of Bankrupt FTX Found $5B Worth of Sunken Treasures appeared first on Coin Edition.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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Summary

↑ Sell

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EUR/USD

1.0658

-0.0008 (-0.07%)

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1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

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EUR/JPY

168.32

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EUR/CHF

0.9808

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2,295.80

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26.677

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4.5305

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81.14

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85.62

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Hang Seng

17,763.03

+16.12 (+0.09%)

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

-246.40 (-2.22%)

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BASF SE NA O.N.

49.155

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27.35

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Allianz SE VNA O.N.

266.60

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226.40

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Deutsche Lufthansa AG

6.714

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175.90

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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