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Bankrupt cryptocurrency exchange FTX has scuttled plans to relaunch, but has also declared its intention to fully repay its customers and creditors, marking a significant shift in its insolvency resolution approach.
AWOL The rumored attempt to resuscitate FTX is dead on arrival, and soon, the defunct exchange will repay the people its convicted felon co-founder bilked out of money. As The Guardian reports, company attorney Andrew Dietderich admitted that there will be no FTX comeback because, well, nobody wanted to pony up to rebuild it. From […]
This week, a Ripple co-founder and a karaoke platform were hacked, Mexican crypto banks were targeted, authorities seized crypto in the U.S. and Germany, the DOJ
Bankrupt cryptocurrency exchange FTX has announced its commitment to fully reimburse former customers. During a recent court hearing, FTX lawyer Andrew Dietderich assured the judge saying, "We currently anticipate that we will have sufficient funds to pay all allowed customer and creditor claims in full.