Lawyers for failed crypto firm FTX have recovered over $5 billion in cash and other liquid assets. image credit: Google

The funds will be used to repay creditors of the company. image credit: Google

Funds were allegedly transferred by ex-CEO Sam Bankman-Fried from FTX to Alameda Research without permission. image credit: Google

Sam Bankman has been accused of causing losses in billions of dollars to investors, lenders, and customers. image credit: Google

The company was valued at $32 billion , but suffered a substantial loss after the funds were transferred. image credit: Google

Sam Bankman was arrested in December 2022 on suspicion of money laundering and campaign finance violations. image credit: Google

He was later released on bail of $250 million. image credit: Google

Sam Bankman denies any involvement in the alleged fraud. image credit: Google

The case led to the downfall of the company and loss of customer funds. image credit: Google

Sam Bankman was once considered one of the youngest billionaires in the world. image credit: Google