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FTX plans to refund defrauded customers with interest

FTX plans to repay most of its creditors in full and with interest as it attempts to escape bankruptcy.

FTX has filed a plan with a bankruptcy court to pay back creditors who held cryptocurrency at the embattled exchange. FTX aims to fully pay back non-governmental creditors based on the value of their claims as determined by the bankruptcy court. The company filed the updated plan of reorganization just a few weeks after co-founder and former CEO Sam Bankman-Fried (aka SBF) was sentenced to 25 years in prison.

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