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| Name | FTX says almost all customers will get their money back |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 08-05-2024 17:10:56 |
| Video Discription | In the aftermath of the collapse of the cryptocurrency exchange FTX (FTT-USD), whose former CEO Sam Bankman-Fried was convicted for fraud and embezzlement of customer funds, a glimmer of hope has emerged for the victims. Allegedly, almost all of FTX's customers who had their money stolen may be able to recover their losses. According to reports, FTX owes its creditors a staggering $11.2 billion. However, customers who file claims of $50,000 or less are set to receive approximately 118% of the amount of their claim, subject to approval by the bankruptcy court overseeing the case. #youtube #news #crypto About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
| Tags | Yahoo Finance | Personal Finance | Money | Investing | Business | Savings | Investment | Stocks | Bonds | FX | Currencies | NYSE | Equities | News | Politics | Market | Markets | Yahoo FInance Premium | Stock market | FTX |
