87 FTX, a major cryptocurrency exchange, has recovered $5 billion worth of liquid assets, according to the company’s lawyers. The assets were allegedly stolen by Sam Bankman-Fried, the company’s CEO, who is currently facing legal action. The lawyers said that the assets were recovered through a combination of legal action and negotiation, and will be used to repay customers who were affected by the theft. The news has been welcomed by the crypto community, with many praising FTX for its swift actions and transparency in the matter. This case serves as a reminder of the importance of due diligence when entrusting money to any financial entity. and shows the potential of the legal system in cases of fraud and embezzlement in the crypto industry. You Might Be Interested In Nafa Corporate Tax UAE Decoded: Unveiling the future of businesses in Abu Dhabi – News Rise of Multi-Manager Hedge Funds Sparks Fierce Talent Bidding War, Raising Concerns in the Industry BSP may extend the pause until year-end: All you need to know India is seeing a massive aviation boom Malaysia Speeds Up ESG Efforts for Net Zero Transition RBI Announces Groundbreaking Move to Issue Green Bonds, Boosting Renewable Energy SectorRBI Announces Groundbreaking Move to Issue Green Bonds, Boosting Renewable Energy Sector
