An estimated one million customers lost their money when the cryptocurrency exchange owned by convicted scammer Sam Bankman Fried collapsed in November 2022, costing millions of dollars.
However, the business claimed that it has already made up more than enough money to pay back those clients and its creditors.
Reimbursing individuals
If plans are approved by a US bankruptcy court, those who retained cryptocurrency, like Bitcoin, at the exchange will be able to get their money back. Some will be eligible for interest increases of up to 9%.
FTX stated that there is $14.5 billion (£11.6 billion) to $16.3 billion (£13.04 billion) that can be disbursed.
