FTX bankruptcy team finds more than £1bn across Bankman-Fried’s crypto empire

By Charlie Conchie The team overseeing the bankruptcy of collapsed crypto exchange FTX has managed to located more cash held by Sam Bankman-Fried’s sprawling crypto empire, bringing the total to $1.24bn (£1.04bn). Insolvency veteran John Ray III, who oversaw the post-collapse restructuring of Enron, has been called in to manage the winding up of the crypto bourse and recover funds for its swelling list of creditors In court filings seen by the Financial Times, an executive at consultancy firm Alvarez & Marsal working on FTX’s bankruptcy said they had tracked down “substantially higher cash bal…


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.