The new management of FTX announced the recovery of $ 7 billion in liquid assets.
According to FTX's press release, FTX Borrowers stated that the FTX.com exchange owes customers approximately $8.7 billion as of the filing date. These studies were conducted by FTX Borrowers through a team of experts in legal, restructuring, forensic accounting, asset tracking and recovery, blockchain analytics, and others.
The new management of cryptocurrency exchange FTX, led by John Ray, a bankruptcy expert, revealed that FTX transferred approximately $2.2 billion to Bankman-Fried through related organizations, primarily hedge fund Alameda Research.
The new CEO of FTX debtors, John J. Ray III, said the report aims to provide transparency and accountability for creditors and the public. Stating that the image of the FTX group as the customer-oriented leader of the digital age is a dream, Ray said that he will continue to report the findings and try to recover as much value as possible.
*Not investment advice.