FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
Powered by @unfolded- FTX, a bankrupt cryptocurrency exchange, plans to fully repay its customers, as stated in a court hearing.
- The defunct exchange has abandoned efforts to re-start the platform due to a lack of buyers.
- The native token of the exchange, FTT, experienced an 11% surge following the news.
- The exchange's former leader, Sam Bankman-Fried, was found guilty of pilfering customers' money before the collapse in late 2022.