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Failed crypto exchange FTX has recovered over $5 bln, attorney says
FTX valued a calendar year ago at $32 bln Around $8 billion in FTX purchaser cash missing Prepare to promote FTX affiliates introduced in court docket NEW YORK/WILMINGTON, Del., Jan 11 (Reuters) – Crypto trade FTX has recovered additional than $5 billion in liquid property but the extent of shopper losses in the collapse of the company launched by Sam Bankman-Fried is even now mysterious, an legal professional for the enterprise explained to a U.S. personal bankruptcy court docket on Wednesday. The corporation, which was valued a yr back at $32 billion, filed for bankruptcy security in November and U.S. prosecutors accused Bankman-Fried of orchestrating an “epic” fraud that may…
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