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FTX admits “substantial shortfall” in assets

Photo: Getty Images

Carmen Cracknell

<1 min read
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FTX shared preliminary information and updates regarding asset recovery efforts to date.

Lawyers representing FTX debtors said a total of approximately $5.5bn of liquid assets have been identified, including $1.7bn in cash, $3.5bn in crypto assets and $0.3bn in securities. FTX debtors confirmed a substantial shortfall of digital assets at both the FTX.com and FTX US exchanges.

“The assets identified as

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