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FTX Plans Full Customer Repayment Amid Bankruptcy Proceedings, Challenges Persist – DeFiance Daily – 2.1.24

FTX, the bankrupt cryptocurrency exchange led by Sam Bankman-Fried, announced in a court hearing its intention to fully reimburse its customers. However, the feasibility of this repayment hinges on the point of FTX’s bankruptcy, which occurred amidst market turmoil, leading to disagreements among claimants.