FTX Increases Cash and Faces Legal Challenges to Overcome Bankruptcy
FTX raises cash to $4.4 billion by selling crypto assets, seeking to reimburse clients after collapse in 2022. FTX’s strategy includes trading Bitcoin derivatives, facing legal and financial challenges in bankruptcy proceedings. FTX, once an industry colossus, faces its biggest challenge: repaying its customers. How is it doing it? By selling crypto assets and accumulating […