Collapsing Crypto Exchange Assets Revealed: How Much Money Can You Get Back?

by time news

According to a document and press release released Thursday, the liquidation team was able to increase the amount of liquid assets it found from $5.5 billion to $6.1 billion. This is thanks to two things: first, locating assets with a total value of almost $400 million, and second, an increase in cryptocurrency rates since the previous calculation of the total available assets.

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The company stated that it found $2.2 billion in customer wallets, but only $694 million of that was available in major cryptocurrencies. Only 191 million dollars in various assets were found in the stock exchange accounts, alongside debts of 28 million dollars from users and 155 million dollars from other companies. However, one significant debt, of $107 million from FTX USA to Alameda, the company that caused the collapse of the group, will not help recovery efforts.

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