FTX: Collapsed crypto giant recovers over $5bn of assets

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FTX: Collapsed crypto giant recovers over $5bn of assets
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FTX: Collapsed cryptocurrency giant recovers $5bn in assets

Mr Dietderich said that the recovered funds do not include assets seized by the Securities Commission of the Bahamas, where FTX was based and where Mr Bankman-Fried was living at the time of his arrest.However, American football star Tom Brady, his former wife Giselle Bündchen and New England Patriots owner Robert Kraft were mentioned in court filings.

FTX, which a year ago was valued at $32bn, filed for bankruptcy protection on 11 November. It has been estimated that $8bn of customer's funds was missing.of misappropriating FTX customers' funds to pay debts at his cryptocurrency trading firm Alameda Research and to make other investments. FTX co-founder Gary Wang and Caroline Ellison, the former head of Alameda, have also been charged over their alleged roles in the company's collapse. Authorities said they were both cooperating with the investigation.

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