FTX Customers Fight for What’s Left of Their Crypto

9 views 6:52 am 0 Comments December 19, 2023

Dec. 8, 2023 7:00 am ET|WSJ Pro

Cryptocurrency prices have been on a wild tear this year. But thousands of FTX customers, whose tokens have been trapped on the exchange for more than a year, are missing out on the action.

That is because the new managers running FTX plan to sell all of their bitcoin and other cryptocurrency and return a sum of cash to customers, according to a draft plan FTX is expected to propose to a bankruptcy judge later this month.

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