When the cryptocurrency exchange FTX declared bankruptcy about 15 months ago, it seemed few customers would recover much money or crypto from the platform.
Well, it turns out, FTX lawyers told a bankruptcy judge this week that they expected to pay creditors in full, though they said it was not a guarantee and had not yet revealed their strategy.
The surprise turn of events is raising serious questions about what happens next.
Among them: What does this mean for the lawsuits FTX has filed in an attempt to claw back billions in assets that the company says it’s owed?
Will the possibility that customers could be made whole be raised at Bankman-Fried’s sentencing?
Persons:
FTX, John Ray III, “, we’re, Sam Bankman, it’s
Locations:
Bankman