FTX locates billions of dollars of assets
FTX has located more than $5 billion of assets. An attorney for the collapsed cryptocurrency exchange has confirmed that the assets have been found, although a court in the US has been told that the extent of losses to customers remains unknown. Andy Dietderich, the attorney for FTX, told a judge in Delaware: "We have located over $5 billion of cash, liquid cryptocurrency and liquid investment securities." Sam Bankman-Fried, the former chief executive of FTX, has been accused of organising a fraud that has cost investors and other parties billions of dollars. However, Bankman-Fried has denied ...