The cryptocurrency custody company BitGo has recovered approximately $740 million in FTX assets

ChainCatcher news, cryptocurrency custody company BitGo has revealed in a court filing that it has recovered approximately $740 million in FTX assets. These assets were previously stored in a cold wallet and had not been connected to the internet.

Previously, FTX requested the court to allow BitGo to hold its remaining digital assets during the bankruptcy proceedings. The custody service agreement between FTX and BitGo was signed on November 13, the day after FTX-related accounts experienced "unauthorized transfers," resulting in the withdrawal of assets worth $372 million. (Source link)