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FTX released the fourth in a series of interim financial updates on Friday, showing that FTX spent a total of $86 million through the end of March, according to court documents. According to the report, the vast majority of FTX’s spending ($67 million) was spent on legal fees.
The company said it has $2 billion in cash and raised $48 million in proceeds from asset sales. But since the report is only up to the end of March, it does not include the $50 million it received from the sale of LedgerX.
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