{"id":1803313,"date":"2023-01-12T09:50:07","date_gmt":"2023-01-12T14:50:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1803313"},"modified":"2023-01-12T09:54:57","modified_gmt":"2023-01-12T14:54:57","slug":"ftx-lawyer-discusses-how-much-cash-has-been-recovered-so-far","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftx-lawyer-discusses-how-much-cash-has-been-recovered-so-far\/","title":{"rendered":"FTX Lawyer Discusses How Much Cash Has Been Recovered So Far"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fftx-lawyer-discusses-how-much-cash-has-been-recovered-so-far%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1803313&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Mark Miller, a FTX investor discusses the fallout after the collapse of FTX. He lost $25,000<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Bankrupt <a href=\"https:\/\/www.foxbusiness.com\/category\/cryptocurrency\" target=\"_blank\" rel=\"noopener\">Cryptocurrency exchange<\/a> An attorney representing the platform&#8217;s failed company said Wednesday that FTX had recovered liquid assets in excess of $5 billion.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/11\/931\/523\/FTX-logo2-A.jpg?ve=1&#038;tl=1\" alt=\"FTX logo\"   style=\"display:none\"><\/div>\n<div class=\"caption\">\n<p><span>The FTX Arena is still visible at the site where the Miami Heat basketball teams play in Miami on November 12, 2022. Lawyers representing FTX announced Wednesday that more $5 billion has been recovered from liquid assets.<\/span><span> (AP Photo\/Marta Lavandier \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The lawyer stated that this figure includes liquid digital assets, cash, and investments securities.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/ftx-business-sales-draw-over-100-expressions-interest\" target=\"_blank\" rel=\"noopener\"><strong>FTX BUSINESS SALES DRAW OVER100 EXPRESSIONS INTEREST<\/strong><\/a><\/p>\n<p>This revelation comes as FTX\u2019s new leadership, under the current chief executive John J. Ray III tries to recover as much of investors&#8217; and customers funds as possible following the scandal. <a href=\"https:\/\/www.foxbusiness.com\/category\/bankruptcy\" target=\"_blank\" rel=\"noopener\">Colapsing firm<\/a> Former CEO and founder <a href=\"https:\/\/www.foxbusiness.com\/category\/sam-bankman-fried\" target=\"_blank\" rel=\"noopener\">Sam Bankman-Fried<\/a>.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/12\/931\/523\/john-ray-III-FTX-collapse-testimony-house-financial-services-committee.jpg?ve=1&#038;tl=1\" alt=\"FTX CEO John Ray III testifies before the House Financial Services Committee\" \/><\/div>\n<div class=\"caption\">\n<p><span>John Ray, CEO, FTX Cryptocurrency Derivatives Exchange speaks at a House Financial Services Committee hearing on the collapse of FTX in Washington D.C. on December 13, 2022.<\/span><span> (Al Drago\/Bloomberg via Getty Images\/ Getty Images<\/span><\/p>\n<\/div>\n<\/div>\n<p>FTX, which was valued at $32 billion at one time, was the second-largest cryptocurrency exchange in the world before its demise.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/doj-seize-465m-robinhood-shares-tied-ftx-founder\" target=\"_blank\" rel=\"noopener\"><strong>DOJ SEIZES $465M OF ROBINHOOD SHARE SHARES LINKS TO FTX FOUNDER<\/strong><\/a><\/p>\n<p>Ray had previously told a congressional panel that investors and customers who have invested in FTX should not expect a complete recovery. &#8220;We will never get all these assets back.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/01\/931\/523\/GettyImages-1451506298.jpg?ve=1&#038;tl=1\" alt=\"Sam Bankman-Fried leaves NYC court\" \/><\/div>\n<div class=\"caption\">\n<p><span>Sam Bankman Fried, founder of FTX leaves Manhattan Federal Court after his arraignment on Dec. 22, 2022 and bail hearings.<\/span><span> (Michael M. Santiago\/Getty Images\/Getty Images<\/span><\/p>\n<\/div>\n<\/div>\n<p>Bankman-Fried <a href=\"https:\/\/www.foxbusiness.com\/category\/crime\" target=\"_blank\" rel=\"noopener\">arrested last mOnth<\/a> on <a href=\"https:\/\/www.foxbusiness.com\/politics\/sec-charges-bankman-fried-alleged-massive-years-long-fraud\" target=\"_blank\" rel=\"noopener\">There are many charges<\/a> Allegations that he took customer funds and diverted them into Alameda Research LLC his crypto hedge fund. He then used the money for his personal use, including to purchase real estate and to make political contributions.<\/p>\n<p>He is currently at his California parents&#8217; house. <a href=\"https:\/\/www.foxbusiness.com\/category\/legal\" target=\"_blank\" rel=\"noopener\">In the process of being tried<\/a>After posting a $250 Million bond, the security was placed on their residence.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/a><\/p>\n<p><i>Eric Revell from FOX Business and Reuters contributed to the report.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Miller, a FTX investor discusses the fallout after the collapse of FTX. He lost $25,000 Bankrupt Cryptocurrency exchange An attorney representing the platform&#8217;s failed company said Wednesday that FTX had recovered liquid assets in excess of $5 billion. The FTX Arena is still visible at the site where the Miami Heat basketball teams play &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1803316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5458,4119,10659,7334,4742,12521,3819],"class_list":["post-1803313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bongino","tag-cash","tag-discusses","tag-ftx","tag-lawyer","tag-recovered","tag-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1803313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1803313"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1803313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1803316"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1803313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1803313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1803313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}