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Customers of failed crypto firm FTX set for refunds

The agreement will put an end to a saga that started when the firm went bankrupt in November 2022.

The agreement will put an end to a saga that started when the firm went bankrupt in November 2022, leaving millions of customers around the world without access to their accounts. When FTX declared bankruptcy in late 2022, roughly $8bn in customer funds were reported missing, not including debts to investors and others. The deal reached with the bankruptcy court allows the firm to repay customers ahead of the other unsecured creditors such as the government.

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