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News related to Crypto / Re: FTX has billions more than needed to repay bankruptcy victims
« on: May 12, 2024, 10:10:27 PM »If this is the case, then creditors are expected to receive a 100% refund of their lost coins, the article states that ftx are going to make ~ 16.3 billion from the sale of their assets, meanwhile creditors are owed ~ 11 billion. They have not stated when refund would begin, but this must be good news for ftx's creditors, yes?Of course, this is good news for FTX creditors as they will finally be able to recover their lost funds on that ill-fated exchange that has caused so much damage to crypto users over the past years.
But I'm surprised where FTX got those $16.3 billion in assets from? I mean, after the collapse of the exchange and all these cases and accusations against it, how did FTX manage to collect such a huge amount? Are these assets clean and free of any legal issues?