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Published 11 days ago

FTX to issue refunds after crypto crash

Summary by Boston Herald

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them. The filing said that after paying claims in full, the plan provides for supplement…

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FTX to issue refunds after crypto crash

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them. The filing said that after paying claims in full, the plan provides for supplement…

11 days ago·Boston, United States

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