Big news about FTX, a company that dealt with cryptocurrency! It went bankrupt, meaning it couldn't pay its debts. This bankruptcy is super expensive, costing almost a billion dollars!
- FTX is paying lots of money to lawyers and advisors to help sort things out.
- Even though it cost a lot, most people who lost money might get even more back!
- This is a very expensive bankruptcy, but not the most expensive ever in the US.
| Fact | Number |
|---|---|
| Money paid to lawyers and advisors | Almost $1 billion |
| Percentage of money customers might get back | 118% |
| Money FTX is suing Binance for | $1.8 billion |
It's like when someone loses their toys and needs help finding them. The lawyers are like detectives helping find the lost money.
