May 8, 2024

WSJ Feature: Crypto Exchange FTX Is the Rare Financial Blowup That Will Repay Victims in Full

Defunct crypto exchange FTX said it will have more than enough money to fully repay its millions of swindled customers with interest, an outcome that seemed unthinkable when it collapsed into bankruptcy in 2022.

FTX said in court papers Tuesday that it will have $14.5 billion to $16.3 billion in cash after liquidating its cryptocurrency holdings and other investments, more than enough to cover the roughly $11 billion that...