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Failed crypto exchange FTX has recovered over $5B, attorney says

• blitzar 4y ago
  $5 billion of cash, liquid cryptocurrency and liquid investment securities + nonstrategic investments that had a book value of $4.6 billion $9.6 billion of assets against $8 billion of customer deposits ... that would be quite the twist
  • brianwawok 4y ago
    Hah, who gets the leftover money in a bankruptcy when your assets accidently exceed your liabilities? The original equity holders?
    • blitzar 4y ago
      The original equity holder being mostly SBF
• sschueller 4y ago
  So could it turn out that FTX was actually not insolvent as assumed but had such poor accounting that they didn't have liquid what was needed and didn't know how much in assets they even own?