FTX has located more than $5 billion in cash, liquid cryptocurrency, and other liquid assets, an attorney revealed today.
At a hearing today, a bankruptcy attorney said FTX has managed to locate more than $5 billion in assets.
According to a CoinDesk report, the lawyer said they have managed to locate more than $5 billion in cash and liquid assets:
“We have located more than $5 billion in cash, liquid cryptocurrency and liquid investment securities measured at the value of the requested date.”
This figure does not include the $450 million worth of crypto currently held by the Bahamas Securities and Exchange Commission.
In addition, they also located illiquid cryptocurrency tokens in which they hold such large positions that they cannot be flushed without affecting the market for those tokens.
