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FTX crisis turnaround eyes 90% customer payout

Por: Newsweek Business October 17, 2023

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Disgraced cryptocurrency platform FTX proposed a settlement to return 90 percent of assets to defrauded customers.FTX customers lost almost $9 billion when founder Sam Bankman-Fried and his team allegedly used customer funds to cover bad investments and loans to sister cryptocurrency exchange Alameda Research. Bankman-Fried's trial is underway in Manhattan federal court.It's about time, says investor Kevin Nagle, who lost more than... + full article



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