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News related to Crypto / FTX has billions more than needed to repay bankruptcy victims
« on: May 09, 2024, 01:20:58 PM »
FTX has billions more than needed to repay bankruptcy victims
Bankrupt cryptocurrency exchange FTX has amassed billions in extra money to fully repay its 2 million customers, marking a new twist in bankruptcy proceedings.
Cryptocurrency exchange FTX which went bankrupt in late 2022 has accumulated billions more than it needs to cover losses incurred during its collapse in November 2022. In a commentary to Bloomberg, FTX CEO John Ray called the milestone an “unbelievable result,” signaling the exchange’s readiness to fully reimburse its over 2 million customers... Read more here.
It's unexpected good news, although i hope all of it actually goes to the FTX victim. After all, the victim gain some stress and spend decent time to fill report of their losses. Your opinion is greatly appreciated.
Bankrupt cryptocurrency exchange FTX has amassed billions in extra money to fully repay its 2 million customers, marking a new twist in bankruptcy proceedings.
Cryptocurrency exchange FTX which went bankrupt in late 2022 has accumulated billions more than it needs to cover losses incurred during its collapse in November 2022. In a commentary to Bloomberg, FTX CEO John Ray called the milestone an “unbelievable result,” signaling the exchange’s readiness to fully reimburse its over 2 million customers... Read more here.
It's unexpected good news, although i hope all of it actually goes to the FTX victim. After all, the victim gain some stress and spend decent time to fill report of their losses. Your opinion is greatly appreciated.