Featured SpeakerBrett Harrison
Founder and CEOArchitect
Don’t miss “FTX: What Happened” with the former president of FTX’s U.S. arm and Anthony Scaramucci.
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Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Featured SpeakerBrett Harrison
Founder and CEOArchitect
Don’t miss “FTX: What Happened” with the former president of FTX’s U.S. arm and Anthony Scaramucci.
FTX, the cryptocurrency exchange that collapsed spectacularly in November, is considering reopening at some point in the future as it navigates bankruptcy, its attorneys from Sullivan & Cromwell said in a court hearing on Wednesday.
One potential option discussed was to let FTX’s creditors convert a portion of their holdings to a stake in a reopened exchange.
FTT surges (CoinDesk)
The FTX attorneys also told the court they’ve recovered $7.3 billion in liquid assets from the defunct exchange, up from January’s $1.9 billion tally. However, they added, FTX is still “far away from an equity distribution.”
UPDATE (April 12, 2023, 17:55 UTC): Adds the amount FTX has recovered and updates size of FTT’s surge.
UPDATE (April 12, 2023, 18:27 UTC): Updates size of FTT’s surge.
Edited by Nick Baker.
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Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
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Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
