Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, the company’s attorney said on Wednesday at a U.S. bankruptcy court hearing in Delaware.
FTX attorney Andy Dietderich said the company is starting to think about its future after months of effort devoted to collecting resources and figuring out what went wrong under the leadership of indicted ex-founder Sam Bankman-Fried. Bankman-Fried has pleaded not guilty.
“The situation has stabilized, and the dumpster fire is out,” Dietderich said.
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