FTX recovers over $5 billion in assets, attorney claims

The bankruptcy cryptocurrency exchange – FTX – has managed to recover over $5 billion of its assets. The recovery was made in cash, liquid cryptocurrencies, and securities. This, however, does not take into account the money held by the Bahamas Securities Commission. The commission holds over $400 million of the crypto exchange’s assets. The revelation was made during the bankruptcy hearing by FTX attorney – Adam Landis.

Moreover, according to Reuters, the bankruptcy attorney stated that the firm plans to sell non-strategic investments. These investments have a book value of $4.6 billion.

The story is still updating.

This article originally appeared here.

Here’s How To Stay Up To Date On Crypto With CryptosRUs!

Learn about Bitcoin, Ethereum, and so much more at the CryptosRus Academy.

For the best exchanges, check out our top exchange guide. 

Secure your crypto with Ledger and Trade your way to victory with help from LuxAlgo

Sign up for our bi-weekly newsletter for news and exclusive analysis.

Follow CRU News Desk on Twitter for our latest articles and Twitter exclusive threads.

Stay up to date with George on Tik Tok, Instagram, and his brand new clips channel.