FTX will return money to most customers less than 2 years after catastrophic crypto collapse
- FTX cryptocurrency exchange customers will receive their funds back, and more, following a court filing. FTX plans to distribute $14.5-16.3 billion to creditors.
- FTX owes creditors $11.2 billion, as per a reorganization plan.
- Customer claims of $50,000 or less will be repaid 118% of their allowed amount, according to the plan.
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Leaning Left12Leaning Right4Center17Last Updated11 days agoBias Distribution52% Center