The FTX collapse that rocked the crypto world in late 2022 is trending toward a happy ending—for some investors, at least. This week, FTX’s bankruptcy estate began repaying customers who lost their assets after the platform’s bankruptcy—a resolution that once seemed impossible.
On Tuesday, the FTX bankruptcy estate released $1.2 billion to affected customers with claims totaling less than $50,000. This initial distribution is the first step in a lengthy repayment plan, which could end up distributing a total of Bitcoin was worth $17,000 at the time of FTX’s collapse but is now trading at $96,000, an 82% increase.
