FTX funds are to be recovered. The new management plans to recover political donations from former executives, including SBF, by the end of February.
Lawyers have revealed the list of FTX creditors, which shows the firm's fall impacted companies outside the crypto industry, including Amazon and Twitter.
FTX reported to creditors that $415 million was stolen in hacks. Meanwhile, former CEO SBF says FTX US remains solvent.
With SBF out of the equation, can FTX make a miraculous comeback? The latest FTX news suggests that $5B of assets have been recovered!
Two executives working for Sam Bankman-Fried crypto companies have pled guilty to committing fraud as the FTX founder faces criminal charges.
SBF has reportedly signed extradition papers and is set to return to the US, where he will face multiple criminal charges related to the FTX fall.