Post
Topic
Board Speculation
Re: FTX recovered $7.3B in Assets and is considering restarting!
by
dragonvslinux
on 12/04/2023, 19:54:23 UTC
The only issue with this is that if assets such as SOL drop back down to <$10 then obviously they won't have $7.3B anymore. Since their largest holding is SOL with owning over 10% of the supply.

I assumed this meant they had liquidated assets such as SOL and others, based on the news reports that they have "recovered" $7.3 billion in liquid assets. Maybe I read the news wrong, but generally low cap shitcoins aren't considered liquid assets, but rather illiquid. Either way it's good news for creditors, minus the re-opening of the exchange potential, that really isn't the best idea imo.