FTX says most customers affected by the cryptocurrency exchange’s collapse will get all their money back. Bankruptcy lawyers for the fallen firm say they’ve collected assets valued at up to $16.3 billion — more than they will need to repay the company’s estimated $11 billion debt.
John Ray III, the chief restructuring officer of FTX, says the company is “pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts.”
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