FTX Customers Will Get Back All the Money They Lost in the Collapse

Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more. FTX said in a statement Tuesday that it expects 98% of its creditors to receive approximately 118% of the amount of their allowed claims. Others will receive 100% of their claims plus billions in interest as compensation for the time value of their investments. The company forecasts that the total value of the assets, converted to cash and made available for distribution,...