International Media Predicts Full Recovery for FTX Australia Creditors
Quoting a recent article from the Australian Financial Review, Bitcoin.com reports that creditors of FTX Australia are anticipated to recover their entire damages, ensuring a complete reimbursement. The Supreme Court of Victoria, Australia, recently decreed that the 747 individuals who requested Australian dollar withdrawals from FTX could expect full repayment, providing sufficient funds for the compensations. Kris Hansen, the attorney leading the FTX creditors' committee, foresaw that FTX would determine the compensation amount based on the cryptocurrency prices at the time of bankruptcy filing, thereby remaining unaffected by recent crypto market upswings.
