Big news for people who lost money with the FTX cryptocurrency company! FTX went bankrupt, but they're now starting to pay back some of the money. This is a huge step in fixing things after a lot of problems.
- Smaller FTX customers are getting their money back, plus extra interest!
- About $1.2 billion is being paid out in this first round.
- Bigger customers will get their money later, in 2025.
- The money is being sent through Kraken, a different cryptocurrency company.
| Fact | Number |
|---|---|
| Money paid out in first round | $1.2 billion |
| Percent paid back to smaller customers | 119% |
| Total money to be paid to larger customers | $16 billion |
