"FTX has never gone bankrupt, even when its lawyers put it in bankruptcy," the SBF X account wrote.
More than 7 million customers deposited about $20 billion into the cryptocurrency exchange FTX. In November 2022, when the customer tried to withdraw the funds, FTX filed for bankruptcy and still owed the customer $8 billion. The customer did not recover any money for several years. Where did those billions go?
The answer is that the money never left. After a two-year delay, the office revealed that all clients would be paid 119% to 143%. About 98% of creditors have received 120% of the payment, and after paying $8 billion in claims and $1 billion in attorney fees, the office still has $8 billion left. "
SBF X account post: FTX has never gone bankrupt, and about 98% of creditors have received 120% of their payments
2025-10-31 03:12:26
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SBF X账号发文：FTX从未破产，约98%的债权人已经收到了120%的偿付
