FTX Trading – DIGIT INFO

IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX

DIGIT — Tue, 12 Dec 2023 04:05:50 +0000

FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

DIGIT — Thu, 30 Nov 2023 02:45:08 +0000

Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.

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FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

DIGIT — Wed, 18 Jan 2023 15:00:52 +0000

On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share […]

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