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.

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange ...

FTX, it turns out, had lent lots of money—including at least $4 billion in customer funds, according to Reuters —to a crypto trading firm called Alameda Research, which Bankman-Fried also owned.

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.

FTX’s shareholders — people like Tom Brady and private equity firms like Sequoia Capital — are almost certain to see their equity in the once high-flying crypto startup totally wiped out.

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 ...

Crypto trading platform FTX is filing for bankruptcy and its CEO has resigned. The cryptocurrency sector is reeling after the collapse of FTX, a digital currency exchange valued earlier this year ...