*Walter Bloomberg
*Walter Bloomberg|Feb 18, 2025 11:35
SOME CRYPTO TRADERS CAUGHT IN FTX COLLAPSE ARE ABOUT TO GET PAID BACK Starting Tuesday, some FTX customers will get repayments, over two years after its 2022 collapse. Small claims under 50,000 go first, with billions to follow. FTX failed after Sam Bankman-Fried’s firm misused funds; he got 25 years for fraud. The estate sold assets and expects 118% repayment, but payouts use 2022’s low crypto values, upsetting some. Only 162,000 of 457,000 valid small claimants are verified so far. FTX says delays ensure legal compliance.
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