Quote from: adaseb on January 11, 2023, 10:02:05 PM

Listening to the FTX Bankrupcy hearing and its seems positive on many notes.

*They located almost $5B in liquid assets. Not including the locked SOL tokens which might be worth alot if SOL goes up in value in the near future.
*They also located almost another $5B of other investments, most likely these are the companies that SBF invested in
*They agreed to redact all the customer names (for now)

They are also thinking of rebooting the FTX exchange since they believe it can be profitable with all the fees. Once its stable and has good volume they will sell the business. So with the $8-10B in liabilities it should be enough to make the exchange solvent again, just like MtGox.

The feed went private for some reason so I can't provide a link but maybe the archive will be reposted on Youtube in a few hours by someone.

"...make the exchange solvent again, just like MtGox." The nervous investors are hoping for much better than MtGox! When Gox finally became "solvent" that was in terms of USD and Bitcoin had exploded in terms of fiat value. The old-timers here know all too well Huge amounts of BTC were permanently stolen from MtGox customers. Calling MtGox solvent is a bit like saying you enjoyed the band that wouldn't stop playing while the Titantic sank.

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