FTX customers could get back all the money they lost in the scam
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FTX customers to get their money back in full (with asterisk) [U]
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 cryptocurrency company more
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FTX Says Most Customers Will Get All Money Back 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. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between […]
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FTX says most customers of the bankrupt crypto exchange will get all their money back
FTX estimates that it owes creditors around $11.2 billion. FTX said it has between $14.5 billion and $16.3 billion to distribute to creditors.