FTX’s Legal Team Has Recovered $7.3 Billion In Cash and Liquid Crypto Assets

FTX, one of the world’s largest crypto exchanges went bankrupt on November 2022 after customers withdrew $6 billion within 3 days. Later on, crypto community found out that FTX did not have enough reserves as FTX used customer’s funds to invest in many cryptoassets as well as crypto projects. FTX’s attorney Andy Dietderich said on April at U.S. bankruptcy court hearing in Delaware that FTX’s legal team has recovered over $7.3 billion worth of cash and liquid crypto assets.