Posted 1/28/2024, 6:40:00 PM
FTX Liquidates $700 Million in Crypto Assets, Cash Reserves Grow As Users Trade Claims
- FTX has moved over $700 million in crypto assets across networks over the past 3 months as part of its liquidation process
- FTX recently sold $8 million in crypto including Ethereum and OKB Coin
- FTX's cash reserves nearly doubled from $2.3 billion to $4.4 billion in Q4 2022
- FTX users have traded over $1 billion in claims against the company
- The value of FTX customer claims traded has increased significantly, now at over 70 cents on the dollar