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Does anyone else find the phrasing of this article confusing? It seems disingenuous to state "FTX discovers $7.3b in assets" when most of those assets were neve

by fwipsy 4y ago

Does anyone else find the phrasing of this article confusing? It seems disingenuous to state "FTX discovers $7.3b in assets" when most of those assets were never lost. As I understand it, they've discovered an additional $0.8b; $7.3b is the total discovered so far. They're still insolvent.

antonvs 4y ago
> As I understand it, they've discovered an additional $0.8b That’s right, and that’s since January. Plus, that’s at least partly (mostly?) due to crypto prices, according to the Reuters report[1]: > FTX has benefited from a recent rise in crypto prices, Dietderich said. ... which is to the disadvantage of the people who held crypto at FTX, because at best they’ll apparently be partially compensated based on prices from November. [1] https://www.reuters.com/technology/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12/ https://www.reuters.com/technology/bankrupt-crypto-exchange-...