FTX to Repay Most Clients Post $11.2 Billion Debt Resolution
FTX has announced that almost all its customers will be reimbursed, just under two years after the cryptocurrency exchange’s dramatic failure. In a recent court filing, FTX disclosed it owes creditors approximately $11.2 billion, but has between $14.5 billion and $16.3 billion available for distribution. According to the documents submitted to the U.S. Bankruptcy Court for the District of Delaware, the plan not only covers...
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