FTX says it has $1 billion in cash, as new management team tries to track down funds to pay back creditors

FTX says it has $1 billion in cash, as new management team tries to track down funds to pay back creditors

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Then-FTX CEO Sam Bankman-Fried testified at a House Financial Services Committee in December 2021. Alex Wong/Getty Images FTX has more than $1 billion in cash, the collapsed crypto exchange's new management said at a creditor hearing. Management is working to retrieve funds from bank accounts to…

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