Most FTX customers to get all their money back after catastrophic collapse

FTX says that nearly all of its customers will receive their money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

FTX said in a court filing late Tuesday that it owes about $US11.2 billion ($16.7 billion) to its creditors. The exchange estimates that it has between $US14.5 billion and $US16.3 billion to distribute to them.

AP