• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

FTX sells automobiles and workplace gear to get much more revenue

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

What is money laundering?  “Money laundering” tricks used by criminals in cryptocurrencies and how to prevent them

What is cash laundering? “Money laundering” tricks applied by criminals in cryptocurrencies and how to stop them

November 27, 2023
Hackers did not return money, Kyber Network threatens legal action

Hackers did not return cash, Kyber Network threatens legal action

November 27, 2023

The bankruptcy unit that took in excess of FTX explained it sells products in 13 warehouses and a fleet of automobiles really worth $two.four million in floor ownership.

Sam FTX and Stories "crying and laughing" with investment funds in the cryptocurrency sector
FTX sells automobiles and workplace gear to get much more revenue

According to a new report launched by FTX’s acquisition bankruptcy unit, the exchange is about to open for sale half a million bucks really worth of workplace gear and supplies, stored in 13 warehouses in the Bahamas, and the total group of two.four million of bucks. Cars are purchased on the floor to meet the transportation wants of workers.

FTX is trying to find to liquidate these assets as promptly as attainable to stay clear of depreciation.

Here’s what is left of FTX’s headquarters in the Bahamian capital, Nassau, which was newly created in 2021 at a expense of $60 million. However, former CEO Sam Bankman-Fried’s firm has also invested $253 million acquiring several much more properties in the Bahamas to serve workers and invest, as effectively as present several luxury solutions to consumers who do the job right here.

As of mid-January 2023, the settlement unit that took in excess of FTX says it has efficiently recovered $five.five billion in assets from the exchange, like $one.seven billion in funds, $three.five billion in cryptocurrencies and $300 million in titles.

This unit explained it will obtain strategies to determine much more hidden/misplaced assets in FTX’s tangled apparatus, recover as a lot funds as attainable to safe rewards for the prolonged checklist of creditors, which contains total of major tech names Amazon Web Services, Apple, Meta , LinkedIn, Twitter, Netflix, Adobe crypto corporations this kind of as Coinbase, Binance, Chainalysis, Yuga Labs, Doodles, BlockFi and media retailers this kind of as the Wall Street Journal, CoinDesk and Benzinga.

FTX owes $three billion to its 50 greatest creditors, not to mention the amount of consumers who have misplaced revenue.

The exchange a short while ago issued a discover requiring US politicians who have acquired donations from FTX to repay these quantities in total by the finish of February 2023.

FTX CEO Mr. John J. Ray III announced that he is taking into consideration restarting FTX mainly because he believes the exchange’s technological innovation platform is nevertheless steady to perform and assistance earn much more income.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: carsEquipmentFTXmoneyofficesells
Share76Tweet47

Related Posts

Tether Acquires Stake in Juventus Football Club

by shark
June 26, 2025
0

Tether becomes second-largest shareholder of Juventus with a 10.7% stake, valued at €128 million.

Chainlink, Mastercard Enable Crypto Purchases for 3 Billion Users

by shark
June 26, 2025
0

Chainlink partners with Mastercard to offer decentralized crypto access to 3 billion cardholders, integrating blockchain and DeFi for seamless transactions.

Aurora Mobile Allocates 20% Cash to Cryptocurrencies

by shark
June 25, 2025
0

Aurora Mobile's strategic investment decision to allocate 20% of its cash to cryptocurrencies showcases confidence in digital assets for diversified...

SEC Clarifies Staking Rules, Impact on Crypto Sector

by shark
June 25, 2025
0

SEC clarifies crypto staking rules, impacting Ethereum and Solana. Academic institutions advocate for stringent oversight.

WazirX Granted Court Extension for Restructuring Plan

by shark
June 25, 2025
0

WazirX gains court extension for restructuring post-hack, shielding from lawsuits.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Tether Acquires Stake in Juventus Football Club
  • Arctic Pablo Coin, Moo Deng, Turbo – Best Crypto to Buy Today
  • Chainlink, Mastercard Enable Crypto Purchases for 3 Billion Users
  • Aurora Mobile Allocates 20% Cash to Cryptocurrencies
  • Top altcoin for huge gains: Qubetics ($TICS) vs Bitcoin vs BNB comparison
  • SEC Clarifies Staking Rules, Impact on Crypto Sector
  • WazirX Granted Court Extension for Restructuring Plan
  • Arbitrum’s Protocol Revenue Soars by 23% Amid Renewed DAO Partnership
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7