FTX Selling Crypto Assets, Building Cash Reserves in Bid to Repay Customers After Collapse
• FTX is selling crypto assets and building up cash reserves to repay customers after the company's collapse
• FTX increased its cash reserves from $2.3 billion in October 2022 to $4.4 billion by end of 2023
• FTX is exploring options to potentially restart the cryptocurrency exchange
• The value of customer accounts has increased, with smaller accounts getting priority for repayments
• FTX does not expect customers to be fully repaid, with FTX.com customers likely bearing more losses