FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion

FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion

The Star Online - Tech·2024-03-22 11:01

NEW YORK (Reuters) - Crypto exchange FTX said it expects to negotiate U.S. government claims in its bankruptcy down to $3 billion to $5 billion, leaving no money for shareholders and contradicting a "reckless and false" claim by founder Sam Bankman-Fried that FTX's collapse caused no harm.

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