FTX crypto exchange recovers $5 billion

FTX has located more than $5 billion, including cash and virtual assets, attorneys for the defunct cryptocurrency exchange told a Delaware bankruptcy court on Wednesday.

The recovered funds do not include the assets seized by the Securities Commission of the Bahamas, which are largely in the exchange’s native token, FTX Token. The total market cap of those funds totaled $459.4 million as of 11:30 GMT.

The exchange, however, is still “working to rebuild transaction history,” according to FTX attorney Andy Dietderich, who said the company’s clients are still owed money, but the amount is “still unclear.”