May 25, 2024

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Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows

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Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
Most FTX Creditors to Receive Over 100% Repayment, Court Document ShowsFTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of 118 cents on the dollar for 98% of creditors with […]