FTX Commits to Full Repayment for Customers Affected by $8BN Fraud
TL;DR Summary
FTX attorneys have stated that customers who can prove their losses from the $8 billion fraud orchestrated by FTX boss Sam Bankman-Fried may have a chance to get their money back, as auditors are examining millions of claims. Bankman-Fried faces up to 100 years in jail and awaits a second trial on additional charges. The collapse of FTX, which led to the loss of life savings for many, has prompted hope for restitution, but the process is still uncertain.
- FTX attorneys say customers who can prove their losses from Sam Bankman-Fried's $8BN fraud 'will likely' get t Daily Mail
- FTX Expects to Repay Customers in Full, Bankruptcy Lawyer Says Bloomberg
- FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange CoinDesk
- Bankrupt FTX won't be restarting, but former customers will get money back in full The Block
- FTX says it will pay back customers The Verge
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