Dear Readers,

The entire world was shocked to know about the FTX Collapse last year and this collapse ransacked the entire world and contributed the bleed across the crypto markets. 

It is widely understood that FTX has diverted the depositors money and were spent in various segments including advertisements and other things.  Soon after the collapse of FTX, the Co Founder- Sam Bankman Fried (SBF) was arrested and the investigations were begun. 

With the latest report by FTX by this Tuesday, FTX informed the creditors that around $415 million in cryptocurrency had been stolen in hacks.  It is noted to be that prior to the issue of statement, FTX already said to have lost $323 million to hackers from FTX's international exchange and $90 million from its US exchange since November 11. 

The collapsed FTX Co-founder Sam Bankman-Fried has explained some indifferences in the court filings by the lawyers. He claimed that the firm's lawyers about FTX US "extremely misleading". He also reported that FTX US "was and is solvent, likely with hundreds of millions of dollars in excess of customer balances". The lawyers failed to include $428 million in FTX US' bank accounts as an asset in a presentation submitted to the court.

This gave much shock to all the investors and to the crypto enthusiast all across the world. 

From the sources, we learnt that the crypto assets recovered to date include $685 million in Solana, $529 million in FTX's proprietary FTT token, and $268 million in Bitcoin, based on crypto prices on Nov. 11, 2022. It is worthwhile to mention that the Crypto Coin- Solana, which was lauded heavily by Bankman-Fried, lost most of its value in 2022.

It is not clear how they would get back all the lost crypto currencies from the hackers. But with it is very much hopeful from the statements that the investors money could be returned with the reserves and from the recovered pool of crypto assets. 

All are eyeing when would the returns be happened for the investors.