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FTX’s newly appointed management which took over from former CEO and founder SBF revealed at a procedural hearing on Tuesday that it had over $1 billion in assets FTX’s new management, which took over from the founder Sam Bankman-Fried, on Tuesday told a procedural hearing that it has identified assets worth more than $1 FTX’s new management team has located more cash belonging to the bankrupt crypto conglomerate, bringing the tally to $1.24bn, as consultants rush to identify the 😲 The new FTX management has revealed that the platform has $720 million in cash and are working to bring back customer funds. The exchange's Chief Financial Officer Recent reports state that the new management behind sunken crypto exchange FTX has identified new assets worth $1 billion, including $720 million in cash. This The new restructuring team of bankrupt cryptocurrency exchange FTX has reportedly located over US$1 billion in cash assets that are held in U.S. financial institutions. The company’s new management, which took control when FTX founder Sam Bankman-Fried quit on Nov. 11, claimed to have identified assets worth more than $1

FTX Recovery: New Management Finds Over $1 Billion in Assets, Including $720 Million in Cash

Hope is emerging for FTX creditors. Recent reports state that the new management behind the sunken crypto exchange FTX has identified significant assets, totaling over $1 billion. This includes a substantial $720 million in cash, offering a glimmer of hope for recovering lost funds.

FTX's newly appointed management, which took over from former CEO and founder SBF, revealed at a procedural hearing on Tuesday that it had located over $1 billion in assets. The new restructuring team of the bankrupt cryptocurrency exchange FTX has reportedly located over US$1 billion in cash assets held in U.S. financial institutions.

The FTX's new management team has located more cash belonging to the bankrupt crypto conglomerate, bringing the tally to $1.24bn, as consultants rush to identify the extent of the remaining assets. The exchange's Chief Financial Officer is actively involved in tracing and securing these funds.

The new FTX management, which took control when FTX founder Sam Bankman-Fried quit on Nov. 11, claimed to have identified assets worth more than $1 billion. The new FTX management has revealed that the platform now has $720 million in cash and are working diligently to bring back customer funds.

This positive development signifies progress in the complex FTX bankruptcy proceedings. The new management's efforts to uncover and secure these assets represent a crucial step towards potential recovery for affected users and investors. Stay tuned for further updates as the FTX restructuring process unfolds.

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