According to the statement made by the US Commodity Futures Trading Commission (CFTC), the bankrupt cryptocurrency exchange FTX will pay a total of $12.7 billion to its customers as per the court decision. This decision is considered as an important development for the investors who were victimized after the FTX bankruptcy, which caused a great impact in the cryptocurrency markets.
Importance and Details of the Decision
* Refund of Customer Funds: This decision means that some of the losses of millions of users who invested in FTX will be compensated. However, it is not yet certain whether all investors' losses will be fully covered.