Sam Bankman-Fried's fallen cryptocurrency exchange FTX has raked in billions more dollars than it needs to fully pay back its customers who lost funds in its November 2022 collapse.

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using $16 billion in assets recovered since the once-leading crypto exchange collapsed.

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange ...

FTX's creditors will receive a share of their lost funds starting May 30, 2025. BitGo and Kraken — two of the approved distribution agents—are emailing clients to confirm that funds ...

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 has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan.

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in ...

After cryptocurrency exchange FTX filed for bankruptcy in 2022, specialized distressed asset investors started buying up the company's debt. They stand to make big profits off the remains of FTX.

FTX's bankruptcy lawyers at Sullivan & Cromwell were not complicit in the fraud that caused the crypto company to collapse, a court-appointed examiner concluded on Thursday.

Topline. Collapsed crypto exchange FTX and its sister trading firm Alameda Research must pay $12.7 billion to resolve a suit from the Commodity Futures Trading Commission, according to a court ...

Shaquille O'Neal to pay $1.8 million to settle FTX lawsuit that also named Tom Brady, Stephen Curry and other celebrities who promoted the cryptocurrency exchange before its collapse.

Sam Bankman-Fried started FTX in 2019 with a fellow MIT graduate and soon enough, millions of customers joined his exchange. By late 2022, the once-leading crypto exchange filed for bankruptcy.