2 years ago
Sam Bankman-Fried's failed cryptocurrency speech filed for bankruptcy successful November 2022 and has since been mired successful tribunal proceedings.
Own this portion of past
Collect this nonfiction arsenic an NFT
Cryptocurrency speech FTX whitethorn beryllium considering restarting aboriginal this year, according to the ineligible squad down the debtors.
In an April 12 proceeding successful United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto steadfast had recovered astir $7.3 cardinal successful assets. A March filing from the debtors reported the 4 FTX institution silos had astir $4.8 cardinal successful scheduled assets arsenic of November 2022, with an probe into the assets ongoing.
According to the ineligible team, FTX volition besides see restarting its crypto speech operations sometime successful the 2nd 4th of 2023 — suggesting a reboot arsenic aboriginal arsenic April. FTX CEO John Ray was reportedly mulling reviving the bankrupt speech successful a January interview.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
English (US) 