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2022.11.16
FTX Creditors May Get Only a Little Sum of Money Back
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With the virtual asset exchange FTC expecting a very small amount of money to return to its users, FTX filed for court receivership (corporate rehabilitation) on November 12.
Partner attorney Ohoon Kwon explained, “The claim for refund of the deposit is not about the protection of the depositor but is rather the process of dividing the residual property. The fact that a very small amount has been calculated means that the amount the creditor can recover is significantly small."
URL: FTX Creditors May Get Only a Little Sum of Money Back
