FTX Has Recovered , $5 Billion Worth of ‘Liquid’ Assets.<br />CNN reports that on Jan. 11, attorneys at an FTX <br />bankruptcy hearing said $5 billion worth of cash and <br />digital assets have been recovered to repay creditors.<br />CNN reports that on Jan. 11, attorneys at an FTX <br />bankruptcy hearing said $5 billion worth of cash and <br />digital assets have been recovered to repay creditors.<br />The lawyers also revealed that over 9 million creditors had been identified, exceeding earlier estimates of 1 million.<br />The crypto exchange filed <br />for bankruptcy on Nov. 11.<br />It is not clear how much of the frozen <br />funds creditors will get back. .<br />It is not clear how much of the frozen <br />funds creditors will get back. .<br />Meanwhile, FTX co-founder Sam Bankman-Fried <br />is accused of orchestrating one of the <br />"biggest financial frauds in American history.".<br />Last week in New York, Bankman-Friend pleaded <br />not guilty to eight counts of fraud and conspiracy.<br />Last week in New York, Bankman-Friend pleaded <br />not guilty to eight counts of fraud and conspiracy.<br />Prosecutors allege Bankman-Fried stole billions from FTX investors to float his failing hedge fund, Alameda Research. .<br />Prosecutors allege Bankman-Fried stole billions from FTX investors to float his failing hedge fund, Alameda Research. .<br />FTX's collapse is poised to wipe out equity investors such as Tom Brady and Gisele Bundchen.<br />FTX's collapse is poised to wipe out equity investors such as Tom Brady and Gisele Bundchen.<br />Other equity investors were identified <br />in court filings earlier this week
