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Today's video is an update on FTX's recovery of funds and tax treatments of FTX losses. FTX filed for chapter 11 bankruptcy on November 11th, Sam Bickman Freed was arrested on December 12th and extradited to the U.S on January 3rd. SPF pleaded not guilty to eight criminal charges. FTX's attorney reported to the Delaware bankruptcy court that FTX has recovered over $5 billion in crypto and cash. However, advisors state that selling the crypto holdings may decrease the value. Liquidation could result in a lower worth than the reported $5 billion.