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FTX Customers To Receive Money Owed After Exchange Collapse

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves his court hearing at a federal court in New York

FTX, once a major player in the cryptocurrency exchange world, has announced that nearly all of its customers will be reimbursed for the funds they are owed, marking a significant development two years after the exchange's dramatic downfall.

In a recent court filing, FTX disclosed that it owes approximately $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion available to distribute to these creditors.

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