Sam Bankman-Fried: Bankrupt Crypto Giant FTX Recovers Over $5 Billion in Assets

  • Author, Monica Miller
  • Role, BBC News
  • January 13, 2023

Photo credit, Getty Images

image caption,

Former FTX CEO Sam Bankman-Fried.

The collapsed FTX cryptocurrency exchange has located more than $5 billion in assets, according to a lawyer for the firm.

However, a US bankruptcy court was told on Wednesday that the extent of the losses suffered by customers is not yet known.

Prosecutors have accused former FTX chief executive Sam Bankman-Fried of orchestrating an “epic” fraud that may have cost investors, customers and lenders billions of dollars.

Mr. Bankman-Fried has pleaded not guilty to charges of misleading investors.

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