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In Hunt for FTX Assets, Lawyers Locate Billions in Cash and Crypto


Two months after FTX filed for bankruptcy, lawyers for the once high-flying cryptocurrency exchange have begun to identify and put a value on its assets, as they determine how much they will be able to recover to repay lenders and customers who lost billions of dollars.In a court filing on Tuesday, lawyers from the New York firm of Sullivan & Cromwell — which is facing a controversy of its own tied to work it did for FTX before the bankruptcy — said that they had located $5.5 billion in assets held in customer accounts or tucked away in other parts of the company.As the lawyers disclosed more detail about the nature of the assets tied to …

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