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

FTX Trading-CEO
FTX Bankruptcy Fallout
FTX Bankruptcy-Fallout
Posted at 5:02 PM, Nov 23, 2022
and last updated 2022-11-23 17:02:33-05

NEW YORK (AP) — The company tasked with locking down the assets in 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 that is likely missing from bankrupt company's coffers.

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