FTX bankruptcy team says the exchange owed customers ~$8.7B after commingling and misusing their deposits, and ~$7B in liquid assets have been recovered so far (Jesse Hamilton/CoinDesk)

Jesse Hamilton / CoinDesk:
FTX bankruptcy team says the exchange owed customers ~$8.7B after commingling and misusing their deposits, and ~$7B in liquid assets have been recovered so far  —  Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.