FTX says it has $1 billion in cash, as new management team tries to track down funds to pay back creditors

Dec 21 2022 by Business Insider

 
Then-FTX CEO Sam Bankman-Fried testified at a House Financial Services Committee in December 2021.

Alex Wong/Getty Images

FTX has more than $1 billion in cash, the collapsed crypto exchange's new management said at a creditor hearing.  Management is working to retrieve funds from bank accounts to repay creditors and resolve the company's position.  The hearing was part of FTX's bankruptcy proceedings following its November implosion. 

Collapsed crypto exchange FTX has at least $1 billion in...

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