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The Independent UK
The Independent UK
National
Ken Sweet

$740M in crypto assets recovered in FTX bankruptcy so far

FTX Crypto Sam Bankman-Fried BitGo
Copyright 2022 The Associated Press. All Rights Reserved.

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX said they've managed to recover and secure $740 million in assets so far, a fraction of the potential billions of dollars likely missing from the company's coffers.

The numbers were disclosed on Wednesday in court filings by cryptocurrency custodial company BitGo, which FTX hired in the hours after the company filed for bankruptcy on November 11.

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