/biz/ - Business & Finance

IS GOING TO REDUCE TO ASHES!!

"The FTX restructuring team has recovered more than $5 billion in cash, liquid cryptocurrency, and liquid investments in securities, FTX's lead attorney Adam Landis said on Wednesday morning at a court hearing in Delaware.

The assets recovered also include “dozens of illiquid cryptocurrency tokens,” and Landis noted that the “holdings are so large relative to the total supply that our positions cannot be sold without substantially affecting the market for the token.”