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FTX customers will get their money back and more—but the biggest winners are bankruptcy traders
Fortune· 3 days agoJohn Ray, FTX’s CEO who replaced Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has been in charge of cobbling together the estate ...
FTX crypto fraud victims to get their money back -- plus interest
TechCrunch· 3 days agoThe news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found...
FTX to Return Stolen Money to At Least 98% of Affected Customers
iTech Post· 3 days agoA huge part of the compensation came from the collected venture stakes convicted FTX ex-CEO Sam ...
A timeline of the collapse at FTX
WJHL· 3 days agoFTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they...
Bankrupt Crypto Exchange FTX To Distribute Between $14.5 And $16.3 Billion To Customers, Creditors -...
Crowdfund Insider· 1 day agoFTX anticipates that the total value of property collected, converted to cash, and available for distribution will be between $14.5 and $16.3 billion. Most of the money will come from the sale ...
Crypto Exchange FTX Is the Rare Financial Blowup That Will Repay Victims in Full
The Wall Street Journal· 3 days agoThat customer money has been trapped since November 2022, when Sam Bankman-Fried ceded control of...
Bill Hwang Defense Faces Tough Odds as Archegos Trial Begins
Bloomberg via Yahoo Finance· 1 day ago(Bloomberg) -- Archegos Capital Management founder Bill Hwang will defend himself against fraud and...
FTX plans to give customers their money back — with one painful caveat
Business Insider· 3 days agoFTX's lawyers said the company would pay back 98% of creditors at least 118% of what they're owed....
Failed crypto giant FTX has recovered billions more than it needs to pay back bankruptcy victims
New York Post· 3 days agoIn a rare twist versus typical US bankruptcy proceedings, FTX — whose downfall recently spurred a...
FTX Customers Will Get Back All the Money They Lost in the Collapse
Gizmodo via Yahoo Finance· 3 days agoNearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of...