Cryptocurrencies
Platform Built by Former FTX Executive Snaps Up $60 Million in Claims
- One fund bought claims for average of 15 cents on the dollar
- The investors include former FTX executive Ramnik Arora
FTX Creditor is targeting bankruptcy claimants who had less than $100,000 on the exchange.
Photographer: Lanna Apisukh/BloombergThis article is for subscribers only.
When FTX collapsed in Nov. 2022, Louis d’Origny was just one of more than a million customers who had no idea if they would ever get their deposits back from the fraudulent crypto exchange.
“I had enough money on there that I was very worried,” d’Origny said in an interview, declining to reveal exactly how much he had trapped on FTX.