SBF X account posted: FTX has never gone bankrupt, and approximately 98% of creditors have received 120% repayment.

Golden Finance reported that the SBF X account stated, “FTX has never gone bankrupt, even though its lawyers placed it in a state of bankruptcy.” More than 7 million customers deposited approximately $20 billion into the cryptocurrency exchange FTX. In November 2022, when customers attempted to withdraw their funds, FTX filed for bankruptcy, still owing customers $8 billion. Customers have not recovered any funds for years. Where did those billions go? The answer is that the funds have never left. After a two-year delay, the bankruptcy administrator revealed that all customers will receive 119% to 143% repayment. About 98% of creditors have already received 120% repayment, and after paying $8 billion in claims and $1 billion in legal fees, the bankruptcy administrator still has $8 billion remaining.