#FTXrepayment

FTX Repayment: Customers to Recover Lost Funds

The collapsed crypto exchange FTX has announced a plan to fully repay customers affected by its 2022 bankruptcy. Under the proposed settlement, most creditors are expected to recover 100% of their claims, plus interest in some cases. This marks a major turnaround after billions were lost due to alleged fraud by founder Sam Bankman-Fried, who was convicted in 2023. The repayment plan depends on asset recoveries and legal approvals, but it offers relief to customers who feared permanent losses. #FTXrepayment has gained traction as users react to this unexpected resolution. However, critics question whether justice is truly served beyond financial restitution.