FTX Won’t Reboot Exchange, But Plans to Pay Back Customers in Full

Collapsed cryptocurrency exchange FTX will not be restarted, the firm’s bankruptcy lawyers said Wednesday in a court hearing, due to a lack of interest from buyers.

However, the company said that it expects to fully repay customers and “general unsecured creditors” affected by November 2022’s sudden shutdown amid a liquidity crisis.

This story is breaking and will be updated with additional details.

Stay on top of crypto news, get daily updates in your inbox.

Source: https://decrypt.co/215053/ftx-wont-reboot-exchange-plans-pay-back-customers-full