Will FTX’s customers be repaid?

Sam Bankman-Fried

2024-04-04    

Mr Bankman-Fried lost his empire in November 2022, but it was not until March 28th that he learned his fate: 25 years in prison. FTX’s customers-turned-creditors are still waiting. The bankruptcy is messy, extending to over 100 entities with assets lawyers say are “hopelessly” mingled. So it was surprising to possibly everybody except Mr Bankman-Fried himself when FTX told a court in January that it should be able to repay its 36,000 customers in full.

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