FTX Cuts $5B Check to Burned Creditors—Round Two
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Bankruptcy theater hits its encore: The collapsed crypto exchange dusts off its checkbook for another creditor payout. Because nothing says ’trust us’ like a nine-figure mea culpa.
Who gets paid? Lawyers first—always lawyers first—then what’s left trickles down to the plebs who actually believed in ’responsible crypto.’
The kicker? This $5B is just pocket change compared to the $8B hole FTX blew in the market. But hey, at least it’s not Monopoly money... this time.
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