Skip to main content

FTX says it can repay most customers all funds

FTX said that 98% of FTX customers will receive at least 118% of their claims, and others will receive 100% plus billions of dollars in compensation for the time value of their money.

Bankrupt crypto exchange FTX says most of its customers will be paid back in full for the assets lost at the time of its collapse nearly two years ago, and some will receive more.

DISGRACED CRYPTO KING SAM BANKMAN-FRIED SENTENCED TO 25 YEARS FOR FTX FRAUD

The company said in a press release that 98% of FTX customers will receive at least 118% of their claims, and others will receive 100% plus billions of dollars in compensation for the time value of their money. 

FTX FOUNDER SAM BANKMAN-FRIED SAYS HE IS REMORSEFUL, 'HAUNTED' IN POST-SENTENCING INTERVIEW

The plan, which is still subject to approval by a bankruptcy court, comes after FTX founder and former CEO Sam Bankman-Fried was convicted and sentenced to 25 years in prison for defrauding customers and investors of the exchange.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.