Customers and creditors that claim $50,000 or less will get about 118% of their claim, according to the plan. That includes about 98% of the exchange's customers.
According to The New York Times, FTX customers may be reimbursed for their entire losses from the firm's collapse in 2022.
John Ray III, who took over after Sam Bankman-Fried left the exchange ... During his trial, Bankman-Fried cited projected ...
People who had money in FTX at the time of its collapse nearly 18 months ago got very lucky this week, as far as bankruptcy ...
FTX, which filed for bankruptcy protection in November 2022, said in a court filing that between $14.5 billion and $16.3 ...
Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say ...
Fallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost ...
The former crypto exchange expects 98% of its creditors to receive approximately 118% of the amount of their allowed claims ...