Published 12 days ago

FTX customers look set to get their money back in full*

Summary by 9 to 5 Mac

Update: A court filing has confirmed that the company now has more than enough money to repay customers. In recognition of the lost gains, creditors owed $50k or less will receive around 118% of their deposit value at the time of the Chapter 11 filing. In a surprise development, bankruptcy lawyers say that FTX customers – once considered to have lost almost everything – are now expected to get their money back in full from the remains of the cry…

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Sydney Morning Herald

The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back

Two years after the dramatic implosion of Sam Bankman-Fried’s crypto exchange, customers have received some welcome news. But it is not as good as it sounds.

12 days ago·Sydney, Australia

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Sky News UK

FTX investors to get their money back - plus interest

The announcement comes as a UK manor supported by FTX is being sold.

12 days ago·United Kingdom

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Business Insider

FTX plans to give customers their money back — with one painful caveat

Sam Bankman-Fried.AP Photo/Seth WenigFTX will pay back 98% of creditors at least 118% of what they're owed, its bankruptcy lawyers said.The company forecasts between $14.5 billion and $16.3 billion will be available for distribution.But payments will be based on 2022 crypto values, not what assets are worth now amid price surges.FTX will pay back all its creditors — with interest — lawyers for the defunct crypto exchange vowed Wednesday in a pla…

12 days ago·United States

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NBC News

FTX customers may get their money back, but no gains from crypto price increases

Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company's bankruptcy plan.

12 days ago·United States

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TechCrunch

FTX crypto fraud victims to get their money back -- plus interest

Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and […] © 2024 TechCrunch. All rights reserved. For personal use only.

12 days ago·United States

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Fortune

FTX customers will get their money back and more—but the biggest winners are bankruptcy traders

The FTX estate has recovered up to $16.3 billion to repay customers. Hedge funds who bought customer claims are set to see 9-figure paydays.

12 days ago·New York, United States

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FTX customers look set to get their money back in full*

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The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back

The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back

FTX investors to get their money back - plus interest

FTX investors to get their money back - plus interest

FTX plans to give customers their money back — with one painful caveat

FTX plans to give customers their money back — with one painful caveat

FTX customers may get their money back, but no gains from crypto price increases

FTX customers may get their money back, but no gains from crypto price increases

FTX crypto fraud victims to get their money back -- plus interest

FTX crypto fraud victims to get their money back -- plus interest

FTX customers will get their money back and more—but the biggest winners are bankruptcy traders

FTX customers will get their money back and more—but the biggest winners are bankruptcy traders

Coverage Details

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