Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed
FTX’s bankruptcy is yielding an unexpected outcome and creditors could receive up to 142% of what they are owed. This remarkable recovery is due to FTX’s asset liquidation and the recent cryptocurrency boom. When the cryptocurrency market was experiencing a massive comeback in March, we made a joke about the creditors of Sam Bankman-Fried’s bankrupt […]
FTX Has Recovered $7.3B In Assets, Will Consider Rebooting Exchange
In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers representing FTX with Sullivan & Cromwell said that the crypto firm had recovered roughly $7.3 billion in liquid assets and that they will consider rebooting the exchange.