FTX Debtors Recover $7B Despite Investigative Challenges
Originally Published 2 years ago — by PR Newswire
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.