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New FTX CEO: $1 Billion Worth of Assets Have Been Recovered – This is What You Need to Know

John Ray III, the new CEO of collapsed crypto exchange FTX, has revealed that the new leadership has managed to recover $1 billion worth of assets.

On Tuesday, Ray, a bankruptcy expert who previously oversaw the aftermath of the collapsed energy giant Enron, testified with the US House Committee on Financial Services on the collapse of FTX. He claimed that FTX has secured $1 Billion of assets so far under his leadership. 

(By Ruholamin Haqshanas)

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