FTX Debtors Recover $7B Despite Investigative Challenges
TL;DR Summary
FTX Trading Ltd. and its affiliated debtors have released a second report detailing the commingling and misuse of customer deposits at FTX.com by the previous management team. The report notes that FTX.com owed customers approximately $8.7 billion as of the petition date. The FTX Debtors' review is ongoing, and the report is part of a series regarding pre-petition events and issues that preceded the Chapter 11 cases.
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- News Explorer — FTX Misused Customer Deposits, Owed $8.7 Billion at Collapse Decrypt
- FTX debtors recover $7B, say investigation has been 'extraordinarily challenging' Blockworks
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