FTX crisis turnaround eyes 90% customer payout

Disgraced cryptocurrency platform FTX proposed a settlement to return 90 percent of assets to defrauded customers. FTX customers lost almost $9 billion when founder Sam Bankman-Fried and his team allegedly used customer funds to cover bad investments and loans to sister cryptocurrency exchange…#ftx #sambankmanfried #alamedaresearch #manhattan #kevinnagle #bankmanfried #bahamas #nonus #jrayiii #amendedplan

Source: Reuters: Health - October 17, 2023 Category: Consumer Health News Source Type: news