FTX Debt Recovery: Court Approves Sale of Grayscale Assets Worth $873M Now
At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion.
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FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX was incubated by Alameda Research, a cryptocurrency liquidity provider. FTX’s leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as:
At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion.
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