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FTX customers are still grappling with crypto platform's collapse

Economic Times · 1y

The aftermath of the collapse of FTX and the potential losses was faced by over 1 million customers. FTX's founder, Sam Bankman-Fried, is accused of embezzling $10 billion from customers. Some customers have created support groups to navigate the bankruptcy claims process, while others have been targeted by scammers. The bankruptcy process is expected to last until 2024, and some creditors have chosen to sell their claims. Despite the challenges, some customers remain invested in the crypto industry.