FTX says almost all of its former customers will get their money back, according to a new court filing.
In a surprising turn of events, FTX has announced that nearly all of its former customers will receive the money they are owed, two years after the cryptocurrency exchange's collapse. According to a recent court filing, FTX estimates that it has between $14.5 billion and $16.3 billion to distribute to creditors, which exceeds the estimated $11.2 billion owed.
Under the proposed plan, customers who claim $50,000 or less will receive approximately 118% of their claim, providing a measure of relief and potentially even some additional compensation.
While this development may offer a rare positive outcome for those affected by FTX's downfall, some customers remain understandably frustrated and disillusioned by the circumstances surrounding the exchange's collapse.
