FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
kAm%96 7:=:?8 D2:5 E92E 27E6C A2J:?8 4=2:>D :? 7F==[ E96 A=2? AC@G:56D 7@C DFAA=6>6?E2= :?E6C6DE A2J>6?ED E@ 4C65:E@CD[ E@ E96 6IE6?E E92E 7F?5D DE:== C6>2:?] %96 :?E6C6DE C2E6 7@C >@DE 4C65:E@CD :D hT]k^Am
kAm%92E >2J 36 2 5:>:?:D965 4@?D@=2E:@? 7@C :?G6DE@CD H9@ H6C6 EC25:?8 4CJAE@4FCC6?4J @? E96 6I492?86 H96? :E 4@==2AD65] (96? u%) D@F89E 32?<CFAE4J AC@E64E:@? :? }@G6>36C a_aa[ 3:E4@:? H2D 8@:?8 7@C S`e[_g_] qFE 4CJAE@ AC:46D 92G6 D@2C65 2D E96 64@?@>J C64@G6C65 H9:=6 E96 2DD6ED 2E u%) H6C6 D@CE65 @FE @G6C E96 A2DE EH@ J62CD] p D:?8=6 3:E4@:? @? %F6D52J H2D D6==:?8 7@C 4=@D6 E@ Sea[efd] %92E 4@>6D @FE E@ 2 ah_T =@DD[ 2 3:E =6DD E92? E92E :7 244CF65 :?E6C6DE :D 4@F?E65[ :7 E9@D6 :?G6DE@CD 925 96=5 @?E@ E9@D6 4@:?D]k^Am
kAmrFDE@>6CD 2?5 4C65:E@CD E92E 4=2:> Sd_[___ @C =6DD H:== 86E 23@FE ``gT @7 E96:C 4=2:>[ 244@C5:?8 E@ E96 A=2?[ H9:49 H2D 7:=65 H:E9 E96 &]$] q2?<CFAE4J r@FCE 7@C E96 s:DEC:4E @7 s6=2H2C6] %9:D 4@G6CD 23@FE hgT @7 u%) 4FDE@>6CD]k^Am
kAmu%) D2:5 E92E :E H2D 23=6 E@ C64@G6C 7F?5D 3J >@?6E:K:?8 2 4@==64E:@? @7 2DD6ED E92E >@DE=J 4@?D:DE65 @7 AC@AC:6E2CJ :?G6DE>6?ED 96=5 3J E96 p=2>652 @C u%) '6?EFC6D 3FD:?6DD6D[ @C =:E:82E:@? 4=2:>D]k^Am
kAmu%) H2D E96 E9:C5\=2C86DE 4CJAE@4FCC6?4J 6I492?86 :? E96 H@C=5 H96? :E 7:=65 7@C 32?<CFAE4J AC@E64E:@? :? }@G6>36C a_aa 27E6C :E 6IA6C:6?465 E96 4CJAE@ 6BF:G2=6?E @7 2 32?< CF?]k^Am
kAmrt~ 2?5 7@F?56C $2> q2?<>2?\uC:65 C6D:8?65 H96? E96 6I492?86 4@==2AD65] x? |2C49 96 H2D D6?E6?465 E@ ad J62CD :? AC:D@? 7@C E96 >2DD:G6 7C2F5 E92E @44FCC65 2E u%)]k^Am
kAmq2?<>2?\uC:65 H2D 4@?G:4E65 :? }@G6>36C @7 7C2F5 2?5 4@?DA:C24J — 2 5C2>2E:4 72== 7C@> 2 4C6DE @7 DF446DD E92E :?4=F565 2 $FA6C q@H= 25G6CE:D6>6?E[ E6DE:>@?J 367@C6 r@?8C6DD 2?5 46=63C:EJ 6?5@CD6>6?ED 7C@> DE2CD =:<6 BF2CE6C324< %@> qC25J[ 32D<6E32== A@:?E 8F2C5 $E6A96? rFCCJ 2?5 4@>65:2? {2CCJ s2G:5]k^Am
kAm%96 4@>A2?J 2AA@:?E65 2D :ED ?6H rt~ y@9? #2J xxx[ 2 =@?8\E:>6 32?<CFAE4J =:E:82E@C H9@ :D 36DE <?@H? 7@C 92G:?8 E@ 4=62? FA E96 >6DD >256 27E6C E96 4@==2AD6 @7 t?C@?]k^Am
kAmQ(6 2C6 A=62D65 E@ 36 :? 2 A@D:E:@? E@ AC@A@D6 2 492AE6C `` A=2? E92E 4@?E6>A=2E6D E96 C6EFC? @7 `__T @7 32?<CFAE4J 4=2:> 2>@F?ED A=FD :?E6C6DE 7@C ?@?\8@G6C?>6?E2= 4C65:E@CD[Q #2J D2:5 :? 2 AC6A2C65 DE2E6>6?E]k^Am
kAmu%)[ E649?:42==J[ C6>2:?D 2 4@>A2?J 3FE :ED 7FEFC6 :D F?4=62C] x? 62C=J a_ab[ #2J D2:5 E92E 96 925 7@C>65 2 E2D< 7@C46 E@ 6IA=@C6 C6G:G:?8 k2 9C67lQ9EEAi^^u%)]4@>Qmu%)]4@>k^2m[ E96 4CJAE@ 6I492?86]k^Am
kAm%96 D@C5:5 56E2:=D @7 2 4@>A2?J CF? 2>F4< E92E 6>6C865 27E6C :ED 2DD6ED H6C6 D6:K65 H@F=5 92>DEC:?8 2=>@DE 2?J 3FD:?6DD 2EE6>AE:?8 2 4@>6324<[ 3FE E96C6 >2J 2=D@ 36 5:776C6?E A2C2>6E6CD 7@C 4CJAE@4FCC6?4J 6I492?86D]k^Am
kAm%96 C:G2= 4CJAE@ 6I492?86 q:?2?46 3C:67=J 6IA=@C65 24BF:C:?8 u%) 367@C6 :E 4@==2AD65 :? =2E6 a_aa] xED 7@F?56C 2?5 7@C>6C rt~ r92?8A6?8 +92@[ H2D D6?E6?465 =2DE H66< E@ 7@FC >@?E9D :? AC:D@? 7@C =@@<:?8 E96 @E96C H2J 2D 4C:>:?2=D FD65 E96 A=2E7@C> E@ >@G6 >@?6J 4@??64E65 E@ 49:=5 D6I 23FD6[ 5CF8 EC277:4<:?8 2?5 E6CC@C:D>]k^Am
kAmq:?2?46 :D DE:== E96 =2C86DE 4CJAE@ 6I492?86 :? E96 H@C=5]k^Am
kAm%96 32?<CFAE4J 4@FCE :D D6E E@ 9@=5 2 962C:?8 @? E96 5:DA6CD:@? @7 u%) 2DD6ED @? yF?6 ad]k^Am
Newsletters
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.