$740M in crypto assets recovered so far in FTX bankruptcy

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers.

The numbers were disclosed Wednesday by cryptocurrency custodial company Bitgo, who FTX hired in the hours after the company filed for bankruptcy Nov. 11.