FTX’s US Customers May Have Best Chance to Get Their Money Back
- US platform had less exposure to Alameda loans than FTX.com
- ‘Money was spent that we’ll never get back,’ Ray says
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FTX’s US-based account holders are more likely than customers elsewhere in the world to get access to their assets on the bankrupt crypto platform, according to the man in charge of tracking down that money.
John J. Ray III, who’s in charge of FTX’s restructuring, told a panel of US lawmakers that he’s optimistic they’ll be able to recover and return funds to FTX.US customers sooner and more fully than those on the FTX.com platform, which is largely for international users.