Published 12 days ago

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

FTX cryptocurrency exchange customers will receive their funds back, and more, following a court filing. FTX plans to distribute $14.5-16.3 billion to creditors.
FTX owes creditors $11.2 billion, as per a reorganization plan.
Customer claims of $50,000 or less will be repaid 118% of their allowed amount, according to the plan.

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BBC News

Failed crypto firm FTX says has more than needed to pay victims

The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.

12 days ago·United Kingdom

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The Guardian

Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn

CEO confirms once company has sold off remaining assets it will have more than amount required

12 days ago·London, United Kingdom

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CBC News

FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

FTX says that nearly all of its customers will receive the money back that they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded.

11 days ago·Canada

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NDTV

Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors

Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday. FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims. The $…

12 days ago·New Delhi, India

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Associated Press News

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

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

11 days ago·United States

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abc News

FTX says most customers will get all money back, less that 2 years after catastrophic collapse

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

12 days ago·United States

Read Full Article

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