March 21, 2023

Date: January 12, 2023 Time: 00:51:41

FTX, a cryptocurrency platform that filed for bankruptcy in November and whose main person responsible is accused of fraud in the US, has rescued more than 5,000 million dollars in liquid assets, including cash, shares and cryptocurrencies, for which the option of sell them to compensate those affected. As explained by the lawyers during a hearing of the bankruptcy process that takes place in a court in the state of Delaware (USA) this Wednesday.

Although the company – currently run by an administration appointed by the bankruptcy court – has not specified exactly the money lost by its clients during the collapse of the platform, it is estimated that the hole could be at least 8,000 million dollars .

company situation

FTX, which once had a valuation of 32,000 million dollars, declared bankruptcy on November 11 after a rapid collapse after many users rushed to withdraw their funds amid reports that questioned the company’s solvency. and its debacle has caused havoc in the sector.

Its founder Sam Bankman-Fried and his company was headquartered.

Bankman-Fried remains on probation after agreeing to one of the highest bails in US history, at $250 million. The alleged fraudster, who faces a maximum of 115 years in prison if he is convicted of all the crimes in this case, is scheduled to start his trial on October 2.

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