#FTXRefunds The cryptocurrency platform FTX, which collapsed in 2022, will start paying compensation to its main creditors from May 30, 2024, from a fund of $11.4 billion in cash obtained during the Chapter 11 bankruptcy proceedings under U.S. law.
This outcome was made possible by:
The liquidation of remaining assets
The sale of subsidiaries of the FTX group (such as FTX Japan and LedgerX)
Settlements and enforcement of claims from court disputes
Reduction of operating costs under new management
This operation represents a key moment for the victims of the FTX scandal and marks a significant turning point in the long and complicated process of resolution following the crisis.
