BitGo Cryptocurrency custodian company recovers USD 1 billion of failed exchange FTXBitGo Cryptocurrency custodian company recovers USD 1 billion of failed exchange FTX. | Business Outreach

BitGo Cryptocurrency custodian company recovers USD 1 billion of failed exchange FTX.

FTX failed because its founder and former CEO Sam Bankman-Fried and his lieutenants used customer assets to make bets in FTX’s closely related trading firm, Alameda Research.

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The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure USD 740 million.

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