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Dubai News Club > Tech > FTX says it will pay back customers
Tech

FTX says it will pay back customers

Press Room
Last updated: 2024/01/31
Press Room
Published: January 31, 2024
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FTX says it will repay investors after the cryptocurrency exchange’s collapse led to the loss of billions of dollars. During a court hearing on Wednesday, FTX lawyer Andrew Dietderich said the company expects to “have sufficient funds to pay all allowed customer and creditor claims in full.”

The company will recompense customers based on the price of the cryptocurrency they purchased as of November 2022 — when the exchange filed for bankruptcy. There are still some challenges…

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