What are the odds of FTX users recovering funds?
FTX customers have been in dire straits ever since the collapse of the exchange. Post the bankruptcy filing, customers lost hope of recovering their funds. However now, there might be a glimmer of hope. The current CEO of the exchange, John J. Ray III, told a panel of US lawmakers that he was optimistic that the company will be able to recover and return funds to FTX.US customers sooner than those on FTX.com. The former platform is for US-based customers. The latter, on the other hand, caters to international clients. US users aren’t supposed to trade on the FTX.com platform, but Ray revealed that a small number of people [a couple hundred] had accounts on the platform. Affirming to the House Financial Services Committee that the US arm will suffer less, the executive said, “There’s a general truth to the statement that the US exchange will suffer less.” Did you have crypto on FTX US? The odds you’ll get your tokens back are better than othe...