Bankrupt cryptocurrency company FTX continues to sell cryptocurrencies to pay its creditors.
According to reports by Bloomberg, the amount of cash held by the FTX group increased in October While it was 2.3 billion dollars at the end of the year $4.4 billion rose to the level.
FTX says this is approx. $1.8 billion He earned his portion by selling cryptocurrencies. The company is also in the derivatives market is also processing.
As the amount of cash in the company’s hands increased, creditors’ hopes also began to rise. Creditors are now given 73 cents on the dollar, not 38, according to Cherokee Acquisition data.
FTX reserves some of the cryptocurrencies in its reserve earn income passively uses for.