tldr; The company tasked with securing the assets of failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the company’s coffers. FTX filed for bankruptcy on November 11 after its founder and former CEO Sam Bankman-Fried and his lieutenants used customer assets to make bets in FTX’s closely related trading firm Alameda Research.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Better than $0 recovered
A drop in SBF’s fuck-it bucket.
None of this will go to customers.
Still another few billion required to pay off creditors first.
Who gets the $$?
Wow I was expecting close to $0 to be recovered
They should check SBFs ass as well.
Soon the ones stolen by the one branded as hacker aka Sam will also be added to these funds.
tldr; The company tasked with securing the assets of failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the company’s coffers. FTX filed for bankruptcy on November 11 after its founder and former CEO Sam Bankman-Fried and his lieutenants used customer assets to make bets in FTX’s closely related trading firm Alameda Research.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Major accounts will be paid first leaving us small people out to dry.
Great, where is the rest…
Just enough to pay the CEO and lawyers.
This reminds me of a harvested cornfield where people are looking for grains
Good news. Hope they recover more.
It aint much, but it’s honest work