"FTX Struggles to Restart Defunct Crypto Exchange and Fully Repay Customers"
TL;DR Summary
FTX, the bankrupt cryptocurrency exchange, expects to fully repay its customers but has abandoned plans to restart the platform due to a lack of buyers. The native token of the exchange, FTT, surged more than 11% following the news. The exchange was run by Sam Bankman-Fried, who was found guilty of pilfering customers' money before its collapse in late 2022.
Topics:business#bankruptcy#cryptocurrency#cryptocurrency-exchange#customer-repayment#ftx#sam-bankman-fried
- FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange CoinDesk
- FTX Expects to Repay Customers in Full, Bankruptcy Lawyer Says Bloomberg
- FTX abandons efforts to restart its crypto exchange Yahoo Finance
- MSN MSN
- FTX Expects to Fully Repay Customers But Can't Find Buyer to Restart Exchange The Wall Street Journal
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