FTX Says It Has Located More Than $5B in Cash, Liquid Assets

> Kris Hansen, a lawyer for the unsecured creditors committee, said in Wednesday’s hearing that a “reboot” of the exchanges is under discussion and could unlock “incredible value” for customers if realized.

Who in the world would put money into a FTX reboot?

It would actually be better if FTX got turned back on, balances changed to whatever % can be made available and debt tokens issued for the rest.

Aside from the fraud the FTX system was very good, it's a shame for it to be wasted.

Amazing what can turn up when you look under the couch cushions.

Lines up with the narrative that the fraud was mostly a desperate attempt to get out of a financial mismanagement situation, rather than to simply steal money from people.

If this is correct, does that mean the customers could get back almost half of their holdings?

This assumes the loss is in the $8-9B range. Or are other people in line to be paid out before customers?

https://time.com/6243086/ftx-where-did-money-go/

Well the bankruptcy practitioners will be presumably wanting at least 10% for their work finding all this stuff ...

Anyone have a non-paywall link? 12ft.io isn't working for me

https://archive.ph/InbiU