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Prison Report Disputes Claim FTX Could Repay Customers From $25B Assets

A newly released prison account challenges assertions that collapsed crypto exchange FTX held sufficient assets to reimburse customers in full.

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Terms & Concepts
  • FTX: A now-bankrupt cryptocurrency exchange that collapsed in November 2022 amid allegations of fraud and mismanagement.
  • Assets: Resources with economic value that an entity owns, such as cash, investments, or property, which can be used to meet debts or obligations.