FTX seeks to claw back political donations by the end of February By Cointelegraph
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FTX’s new management seeking to recover political donations made by Sam Bankman-Fried and other FTX executives have set a deadline of the end of the month, according to a Feb. 5 statement.
The move is part of bankruptcy proceedings and an effort to repay the crypto exchange’s creditors. According to FTX attorney Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.
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FTX’s new management seeking to recover political donations made by Sam Bankman-Fried and other FTX executives have set a deadline of the end of the month, according to a Feb. 5 statement.
The move is part of bankruptcy proceedings and an effort to repay the crypto exchange’s creditors. According to FTX attorney Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.
Continue Reading on Coin Telegraph
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