This is a linkpost for https://www.nytimes.com/2024/02/03/business/dealbook/what-happens-to-ftx-clawback-cases-if-the-company-repays-its-creditors.html?unlocked_article_code=1.VU0.QBLc.h36dKm_EgU8L&smid=url-share

New York Times (unpaywalled):

When the cryptocurrency exchange FTX declared bankruptcy about 15 months ago, it seemed few customers would recover much money or crypto from the platform. As John Ray III, who took over as chief executive during the bankruptcy, put it, “At the end of the day, we’re not going to be able to recover all the losses here.” He was countering Sam Bankman-Fried's repeated claims that he could get every customer their money back.

Well, it turns out, FTX lawyers told a bankruptcy judge this week that they expected to pay creditors in full, though they said it was not a guarantee and had not yet revealed their strategy.

The surprise turn of events is raising serious questions about what happens next. Among them: What does this mean for the lawsuits FTX has filed in an attempt to claw back billions [...]

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First published:
February 14th, 2024

Source:
https://www.lesswrong.com/posts/agnARYYJurYMkZWyj/ftx-expects-to-return-all-customer-money-clawbacks-may-go

Linkpost URL:
https://www.nytimes.com/2024/02/03/business/dealbook/what-happens-to-ftx-clawback-cases-if-the-company-repays-its-creditors.html?unlocked_article_code=1.VU0.QBLc.h36dKm_EgU8L&smid=url-share

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Narrated by TYPE III AUDIO.

[Linkpost] “FTX expects to return all customer money; clawbacks may go away” by Mikhail Samin

LessWrong (30+ Karma)