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FTX has billions more than needed to pay bankruptcy victims

Depending on the type of claim, some creditors could recover as much as 142% of what they are owed

By: financialpost.com

May 08 2024
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3335 Views

FTX has billions more than needed to pay bankruptcy victims

Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in U.S. bankruptcy proceedings. Read More

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Auto theft crisis deepens as insurance claims top $1.5 billion for first time