{"id":38046,"date":"2023-01-17T22:08:27","date_gmt":"2023-01-17T22:08:27","guid":{"rendered":"https:\/\/lydian.io\/?p=38046"},"modified":"2023-01-17T22:08:29","modified_gmt":"2023-01-17T22:08:29","slug":"it-took-herculean-investigative-efforts-to-identify-5-5-billion-in-cash","status":"publish","type":"post","link":"https:\/\/lydian.io\/it-took-herculean-investigative-efforts-to-identify-5-5-billion-in-cash\/","title":{"rendered":"It took \"Herculean investigative efforts\" to identify $5.5 billion in cash","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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The debtors behind FTX have recognized $5.5 billion in money however reported a \u201cimportant scarcity of digital belongings\u201d on the bankrupt crypto alternate and its US arm.<\/p>\n
In a Jan. 17 announcement, FTX said<\/a> It had recognized $1.7 billion in money, $3.5 billion in crypto belongings and $0.3 billion in securities after the corporate filed for Chapter 11 chapter in November. Debtors added that they recognized roughly $1.6 billion in digital belongings associated to FTX.com -- together with roughly $426 million owned by the Securities Fee of The Bahamas -- and $181 million in Associated to FTX US.<\/p>\n \"We're making necessary progress in our efforts to maximise restoration and it has taken a Herculean investigative effort by our staff to uncover this preliminary data,\" stated John Ray, CEO of FTX. \u201cWe ask our stakeholders to know that this data is preliminary and topic to vary. We'll present further data as quickly as we're in a position.\"<\/p>\n Sharing the press launch simply issued by the FTX debtors: https:\/\/t.co\/fcSs36nFmq<\/a><\/p>\n