The company tasked with locking down the assets in the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far.
The FTX Arena name is still visible where the Miami Heat basketball team plays Saturday, Nov. 12, 2022, in Miami. Lawyers for FTX disclosed Tuesday that a substantial amount" of assets have been stolen from the accounts of the collapsed cryptocurrency exchange, diminishing the odds that its millions of investors will get their money back.
Bankman-Fried"proved that there is no such thing as a ‘safe’ conflict of interest,” BitGo CEO Mike Belshe said in an email. The assets recovered by BitGo are now locked in South Dakota in what is known as “cold storage,” which means they're cryptocurrencies stored on hard drives not connected to the internet. BitGo provides what is known as “qualified custodian” services under South Dakota law. It's basically the crypto equivalent of financial fiduciary, offering segregated accounts and other security services to lock down digital assets.in value.
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$740 million in crypto assets recovered in FTX bankruptcyThe company tasked with locking down assets of the failed cryptocurrency exchange FTX Trading said it has recovered $740 million in assets so far, a fraction of the potential billions of dollars likely missing from FTX's coffers.
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$740M in crypto assets recovered in FTX bankruptcy so farThe company tasked with locking down the assets of 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 of dollars likely missing from the company’s coffers.
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$740M in crypto assets recovered in FTX bankruptcy so farThe company tasked with locking down the assets of the 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. The numbers were disclosed on Wednesday in court filings by FTX, which hired the cryptocurrency custodial company BitGo hours after FTX filed for bankruptcy on Nov. 11. The biggest worry for many of FTX's customers is they'll never see their money again.
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$740M in crypto assets recovered in FTX bankruptcy so farThe company tasked with locking down the assets of 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 of dollars likely missing from the company’s coffers.
Leer más »
$740M in crypto assets recovered in FTX bankruptcy so farThe 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.
Leer más »
$740M in crypto assets recovered in FTX bankruptcy so farThe company tasked with locking down 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. --
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