New FTX CEO: FTX Debtors Have Determined to Recover $5.5 Billion in Liquid Assets

FTX's new CEO, John J. Ray III, stated that through the efforts, FTX debtors have determined to recover $5.5 billion in liquid assets, including $1.7 billion in cash, $3.5 billion in encrypted assets and $3 million in securities. Debtors have found that both FTX and FTX US are facing digital asset shortages and have identified $1.6 billion in digital assets related to FTX, of which $323 million was transferred by unauthorized third parties following the bankruptcy filing and another $426 million was regulated in the Bahamas At the same time, $742 million is in the cold wallet controlled by the FTX debtor, and $121 million is waiting to be transferred to the cold wallet controlled by the debtor; in addition, the debtor has identified $181 million in digital assets related to FTX US, of which $90 million is in After the bankruptcy filing was transferred by an unauthorized third party, the remaining $88 million is in cold wallets under the control of FTX debtors, and $3 million is awaiting transfer to the debtors' control. Foresight News previously reported that bankruptcy lawyers said FTX had recovered more than $5 billion in cash and liquid assets.