FTX investors to get their money back – plus interest | BusinessNews
People who lost their money in FTX, once one of the biggest cryptocurrency exchanges in the world, are to be paid back, with interest.
Billions were lost when the cryptocurrency exchange headed by convicted fraudster Sam Bankman Fried went bust in November 2022, with an estimated one million customers losing funds.
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But now the company has recovered more than enough to repay those customers and its creditors, it says.
Paying people back
If plans are approved by a US bankruptcy court, people who held cryptocurrency, such as Bitcoins, with the…