Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries under the company’s bankruptcy. The extra cash will be used to pay interest to the company’s more than 2 million customers, marking a rare outcome since creditors typically receive just pennies on the dollar in US bankruptcies. “In any bankruptcy, this is just an unbelievable result,” said FTX Chief Executive Officer, John Ray, who took over the firm when it collapsed into bankruptcy. Once it finishes selling all of its assets, the ... (full story)