Collapsed cryptocurrency exchange FTX has located more than $5bn (£4.1bn) of assets, an attorney for the firm says.
Mr Bankman-Fried has pleaded not guilty to charges that he cheated investors.
“We have located over 5 billion dollars of cash, liquid cryptocurrency and liquid investment securities,”Andy Dietderich, an attorney for FTX, told US Bankruptcy Judge John Dorsey in Delaware.
Mr Dietderich said that the recovered funds do not include assets seized by the Securities Commission of the Bahamas, where FTX was based and where Mr Bankman-Fried was living at the time of his arrest.
FTX, which a year ago was valued at $32bn, filed for bankruptcy protection on 11 November. It has been estimated that $8bn of customer’s funds was missing.
US federal prosecutors have accused Mr Bankman-Fried of misappropriating FTX customers’ funds to pay debts at his cryptocurrency trading firm Alameda Research and to make other investments.
In December prosecutors announced eight criminal charges, including wire fraud, money laundering and campaign finance violations. Financial regulators have also brought claims against Mr Bankman-Fried.
In an interview with BBC News before his arrest, he said: “I didn’t knowingly commit fraud. I don’t think I committed fraud. I didn’t want any of this to happen. I was certainly not nearly as competent as I thought I was.”
