One of the largest fairs in the world FTXcollapsed and went bankrupt in 2022 due to liquidity problems, among other things. After this event, which was a stain on the history of cryptocurrency, investors started He lost about $11 billion. The exchange’s CEO, Sam Bankman-Fried, was sentenced to 25 years in prison on seven counts of fraud and money laundering.

The bankrupt stock exchange had a restructuring plan for some time. In fact, in the statements made a few months ago, investors Everything will be refunded It was announced. A new development has occurred in this area.

Repayment takes place with 19% interest

A bankruptcy judge from the US state of Delaware approved FTX’s reorganization plans. Company, It has amassed assets worth $14.7 billion to $16.5 billion. and stated that they will be distributed to investors. It was also stated that investors will be repaid with interest. Accordingly, about 98% of FTX investors who lost their money Repayment with 19% interest they will be able to get it.

Although the company has debts of about $11.2 billion, it managed to accumulate assets worth $16.5 billion. FTX raised this money together with another Bankman-Fried company, Alameda Research. by selling their investments He was able to collect it. The company had investments in companies such as artificial intelligence giant Anthropic. According to information received, Anthropic has sold most of its investments this year for $900 million.

Since the FTX crash, the value of Bitcoin (BTC) has increased by approximately 260%. In other words, those who invested here and lost are still suffering big losses. However, we can say that it will definitely make them happy if they get their money back with interest.