FTX Recovers $7.3 Billion in Lost Funds

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Written By Keegan King

The bankrupt crypto exchange FTX is said to have recovered $7.3 billion in funds according to Andy Dietderich the attorney representing the collapsed company during a U.S. bankruptcy court hearing on Wednesday. 

The recovered amount is a substantial increase over the $800 million that was recovered before, giving customers hope that they may soon see their assets returned to them following poor executive decisions and alleged fraud committed by Sam Bankman-Fried and his accomplices. 

Andy Dietderich further stated that, following the recovery, the company is considering how it can properly return to business now that “The situation has stabilized, and the dumpster fire is out” according to Dietderich.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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