Just In: Bankrupt FTX Recovers $7 Billion in Liquid Assets
FTX.com misused customer funds, owing them $8.7B.
$6.4B in misappropriated fiat currency and #stablecoins
$7B in liquid assets recovered, more possible.
CEO John J. Ray III exposes deliberate mismanagement.
FTX.com deceived banks, auditors, and shifted jurisdictions.
Founder Sam Bankman-Fried faces criminal charges.
FTX.com in bankruptcy, #FTX2.0 uncertain.
Damaged reputation, funding challenges for #FTX Group.
Future of FTX exchange uncertain, attracting users and investors a hurdle.
Serious implications for FTX.com and stakeholders.
