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Nov 28, 2022 · FTX, one of the world’s largest cryptocurrency exchanges, collapsed with stunning speed this month. A run on deposits left the company owing customers $8 billion, setting off a chain of events...
- Lora Kelley
May 8, 2024 · FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors. Customers whose claims amount to $50,000 or less will receive approximately 118% of the amount of their...
2 days ago · Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary and a top lieutenant to the bankrupt cryptocurrency exchange’s founder, Sam Bankman-Fried, was sentenced on Tuesday to 90 months in ...
2 days ago · NEW YORK (AP) — A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange. Salame, 30, was a high-ranking executive at FTX for ...
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May 9, 2024 · May 9, 2024 3 AM PT. 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...
- andrea.chang@latimes.com
- Staff Writer
May 8, 2024 · By MICHELLE CHAPMAN. Updated 7:07 AM PDT, May 8, 2024. 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.
Nov 10, 2022 · FTX is one of the world’s largest cryptocurrency exchanges. It enables customers to trade digital currencies for other digital currencies or traditional money, and vice versa. It is based in the...
