FTX to Begin $11.4B Creditor Repayment Plan Despite Valuation Controversy
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Defunct crypto exchange FTX announces May 30 start date for repaying claims over $50,000, with $11.4B in cash reserves available. While creditors expect 118% recovery in cash terms, controversy surrounds the use of November 2022 crypto valuations despite massive price increases since then.
FTX Legal Fees Hit $1 Billion: Inside One of History's Most Expensive Bankruptcies
• 1 min read
The FTX bankruptcy saga has racked up nearly $1 billion in legal fees, making it one of the costliest corporate collapses ever. Despite the astronomical costs, customers may recover 118% of their funds, though the case exposed unprecedented failures in corporate controls.