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AAP
AAP
Business
Marion Rae

Bailout backed to recoup crypto millions

Cryptocurrency platform Digital Surge will pay out smaller account holders and aims to trade its way back into the black under a rescue plan.

At an online meeting lasting more than three hours, "mum and dad" investors grilled experts before voting for the bailout that will help some of those caught short by the sudden collapse.

Brisbane-based Digital Surge was one of the dominoes to fall amid the bankruptcy of international crypto exchange FTX, and will be a rare survivor of the saga.

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