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WEKU
WEKU
The Associated Press

FTX says it will return money to most of its customers

FTX Crypto John Ray III Sam Bankman-Fried Binance Bitcoin
The FTX logo appears on home plate umpire Jansen Visconti's jacket at a baseball game with the Minnesota Twins on Sept. 27, 2022, in Minneapolis. (Bruce Kluckhohn/AP)

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.

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