Why wasn’t FTX regulated ahead of its collapse?
Congressmen French Hill and Jason Smith react to the latest developments about FTX founder Sam Bankman-Fried’s background on ‘The Evening Edit.’
The company contracted to recover assets of the failed cryptocurrency exchange FTX says it has managed to recover more than $740 million so far.
However, it is just a fraction of the potentially billions of dollars likely missing from the company's coffers.
The custodial company BitGo was hired in the hours after FTX filed for bankruptcy on Nov. 11.
The assets recovered were disclosed in court filings on Wednesday.
FTX COLLAPSE WIPES OUT BILLIONS AS INVESTORS FLEE CRYPTO