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FTX Unveils New Asset Review Programme

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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The collapsed FTX exchange and other related companies that filed for bankruptcy on Nov 11 has launched a strategic review of global assets. The firms have requested to operate its new cash management system. As per the filings at court, FTX has appealed the court to allow them to pay a petition claim of $9.3 million to vendors.

The reports claim that the largest financial position is held by FTX EU Ltd which holds nearly $49.4 million in cash. Whereas West Realm Shires Services Inc and other acquisitions of FTX hold nearly $48.1 million. The collapse of FTX and its related firms is one of the biggest crisis in the crypto industry

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