Two years later, FTX estate continues to find millions from several protocols
It’s nearly two years since FTX filed for bankruptcy. Yet, the debtors in charge of the FTX estate continue to find and recover funds supposedly mismanaged by the previous administration under Sam Bankman-fried. So far this month, FTX estate wallet has seen more than $10 million in inflows from several protocols, including Clearpool, Sushiswap, and […]
It’s nearly two years since FTX filed for bankruptcy. Yet, the debtors in charge of the FTX estate continue to find and recover funds supposedly mismanaged by the previous administration under Sam Bankman-fried.
So far this month, FTX estate wallet has seen more than $10 million in inflows from several protocols, including Clearpool, Sushiswap, and more, according to the transaction history shared by Coinbase director, Conor Grogan.
As of May, FTX was reported to have recovered property valued between $14.5 billion and $16.3 billion. Grogan said the estate may still have 7 to 8 figures worth of assets locked elsewhere.
“From what I can see, FTX still has 7-8 figures locked in various protocols and abandoned Alameda wallets,” Grogan noted.
This is a developing story
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