FTX Plans To Repay Customers Ahead of Restarting Business
As per the recent court hearing in Delaware, FTX is focused on refunding users and has halted plans to restart operations
Reuters also reported that FTX is liquidating assets to generate funds for reimbursement
FTX Attorney Andy Dietderich states that repaying affected customers is an ambitious goal and he remains confident in the company's strategy
Dietderich also revealed that the exchange has failed to secure funding from investors due to some significant underlying flaws
However, FTX has liquidated assets exceeding $7 billion for user refunds.