A lawyer for cryptocurrency firm FTX announced in a bankruptcy hearing that the company had located more than $5 billion in liquid assets belonging to the company.
That sum includes cash, cryptocurrency and other investments and is separate from the amounts in possession of the Securities Commission of the Bahamas, which is worth roughly $425 million, according to Yahoo News.
Andrew Dietderich, a lawyer advising FTX, further addressed allegations that hedge fund Alameda Research, a sister firm of FTX, illegally used the crypto company’s investor assets to finance its investments.”We know what Alameda did with the money,” he said. “It bought […]
Article Source: justthenews.com
