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Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in ...
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using $16 billion in assets recovered since the once-leading crypto exchange collapsed.
London (CNN) — FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan.
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
Collapsed crypto exchange FTX and its sister trading firm Alameda Research must pay $12.7 billion, a New York-based federal court ruled on Thursday.
FTX said in recent court filings that 98% of its customers will be able to receive full repayment within 60 days of a bankruptcy court approval of its wind-down plan.
Customers whose money was frozen when crypto exchange FTX entered bankruptcy in 2022 suffered in at least two ways from the U.S. government’s rush to prosecute FTX CEO Sam Bankman-Fried ...
Once the highest-flying of cryptocurrency highfliers, the FTX crypto exchange is now in bankruptcy. Its founder, Sam Bankman-Fried, is in prison, along with a couple of his cronies. Its customers ...