Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing.
FTX's high-profile founder Sam Bankman-Fried was convicted of seven criminal counts in early November, including charges related to stealing billions of dollars from FTX's customers.
FTX had to find other ways to raise money because it has large sum of cryptocurrency missing from the exchange.
Instead, the Debtors have had to look to other sources of recoverable value to repay creditors," FTX said in a press release on Wednesday.
Persons:
Sam Bankman, FTX, Fried, Bitcoin, John Ray III, Ray, — CNBC's MacKenzie Sigalos
Organizations:
Amazon, FTX
Locations:
New York, Alameda, Bankman, Anthropic