Bloomberg sources report that FTX Group's four largest subsidiaries, including FTX Trading and Alameda Research, doubled their cash assets in 2023 to $4.4 billion.. In comments sent by FTX bankruptcy consultants to US regulators, it is said that in December last year alone, FTX's interim administration raised more than $1.8 billion from the sale of digital assets.
FTX says the administration is exploring options for relaunching the exchange and is also regularly conducting Bitcoin derivatives trades to hedge risks associated with crypto market volatility and generate additional returns from investing in digital assets under management.
As of early 2024, claims from affected FTX Group clients are valued at about $0.73 per dollar of frozen assets, up from about $0.38 per dollar in October 2023, according to investment firm and bankruptcy broker Cherokee Acquisition.
At the end of December 2023, the US court abandoned plans to hold a second round of hearings against the former head of the FTX Group, Sam Bankman-Fried, on charges from the Bahamas prosecutor's office.. District Judge Lewis Kaplan said those charges were already presented at the original trial and could be taken into account by the judge at his final sentencing, set for March 28.