Buckle up, this could take a while. Insolvency lawyers warn it could be years, if not 'decades' before FTX users see their funds returned from the now-bankrupt exchange.
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”
This is due to the complexities that come with cross-border insolvency issues and competing jurisdictions, he said. He stated that the remaining assets will eventually be available to creditors depending on what remains after bankruptcy costs.
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