FTX Bankruptcy Claims


FTX Bankruptcy Claims

In this week’s edition of Dividend, Fortune takes a look back at the state of affairs in the crypto space.

According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year.

This comes ahead of the founder and CEO Sam Bankman-Fried’s impending criminal trial which will begin next week .

In late 2022, the company files for Chapter 11 bankruptcy.

Under its leadership, John Ray III, a veteran Wall Street bankruptcy lawyer, has managed to recover $7.3 billion in assets from the bankruptcy.

These include $3.4 billion in crypto, $1.1 billion in cash, and 200 million worth of real estate

#shorts #CryptoNews #CryptoShorts #bankruptcy claims #FTX Bankruptcy Claims Skyrocket #crypto exchange FTX

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