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FTX advisers have found US$5B cash or sellable crypto

From bnnbloomberg.ca

{video} FTX Group advisers have found more than US$5 billion in cash or crypto assets that it may be able to sell to help repay creditors, a lawyer for the company told the judge overseeing the biggest crypto bankruptcy. The company is working to monetize assets with a book value of US$4.6 billion, company attorney Andrew G. Dietderich said in federal court in Wilmington, Delaware on Wednesday. Advisers have also found a large amount of other crypto assets that are illiquid and therefore harder to sell, he said. Advisers for the failed crypto exchange have been sorting through the wreckage left behind by its founder, ... (full story)

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  • Category: Fundamental Analysis