Bitcoin (BTC-USD) Tops $19K on Inflation Data, FTX Update
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Bitcoin (BTC-USD), the largest cryptocurrency by market value, briefly crossed the $19,000 mark on Thursday following favorable December inflation data. Additionally, investors cheered news that an FTX attorney told a U.S. bankruptcy court about the crypto exchange recovering over $5 billion in liquid assets.
“We have located over $5 billion of cash, liquid cryptocurrency and liquid investment securities,” FTX’s attorney Andy Dietderich told U.S. Bankruptcy Judge John Dorsey in Delaware, per Reuters. Dietderich added that FTX plans to sell nonstrategic investments worth $4.6 billion in book value. However, Dietderich said that the actual customer shortfall remains unknown.
According to the U.S. Commodities Futures Trading Commission, over $8 billion of customer funds are missing. Meanwhile, on Thursday, FTX’s disgraced former CEO and co-founder Sam Bankman-Fried denied stealing funds in an online post on Substack.
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