FTX: It took ‘Herculean investigative effort’ to call $5.5B in liquid sources

The debtors slack FTX have identified $5.5 billion in liquid sources however reported a “huge shortfall of digital sources” on the bankrupt crypto replace and its U.S. arm.

In a Jan. 17 announcement, FTX mentioned it had identified $1.7 billion in cash, $3.5 billion in crypto sources and $0.3 billion in securities following the firm submitting for Chapter 11 chapter in November. The debtors added that they’d identified roughly $1.6 billion in digital sources associated with FTX.com — along side roughly $426 million being held by the Securities Commission of the Bahamas — and $181 million connected to FTX US.

Continue Reading on Coin Telegraph

  Helpful Returns in Runt Digital Media Companies By Investing.com Studios

Drop your queries here! ↴ we will answer you shortly.