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FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
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Its FTT token surged about 11% after the news.
FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing.
The defunct exchange has also abandoned its efforts to re-start the platform due to a lack of buyers, Reuters reported, citing lawyers.
The native token of the exchange, FTT, surged more than 11% on Wednesday in the aftermath of the news.
Bankman-Fried was found guilty last year of pilfering customers' money before it collapsed in late 2022.
This is a developing story.
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #ftx #ftxnews #ftxnewstoday #ftt #fttnews #fttnewstoday #bankruptcy #bankruptcynews #bankruptcynewstoday #ftxcollapse #ftxcollapsenews #ftxcollapsenewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing.
The defunct exchange has also abandoned its efforts to re-start the platform due to a lack of buyers, Reuters reported, citing lawyers.
The native token of the exchange, FTT, surged more than 11% on Wednesday in the aftermath of the news.
Bankman-Fried was found guilty last year of pilfering customers' money before it collapsed in late 2022.
This is a developing story.
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #ftx #ftxnews #ftxnewstoday #ftt #fttnews #fttnewstoday #bankruptcy #bankruptcynews #bankruptcynewstoday #ftxcollapse #ftxcollapsenews #ftxcollapsenewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
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