Hong Kong Top 5 Asian Investment Destination

Over $5 billion in liquid assets, including cash and digital assets, has been recovered by FTX. Federal prosecutors recently announced plans to seize at least $500 million in FTX-related assets as part of their ongoing prosecution of FTX co-founder Sam Bankman-Fried.

According to FTX attorney Adam Landis, the $5 billion figure excludes any illiquid cryptocurrency assets. He claimed that the company’s holdings are so large that selling them would have a significant impact on the market, lowering their value.

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>