FTX and FTX US customers are one step closer to seeing funds returned to them. Crypto exchange Binance will stop accepting users in the United Kingdom on Oct. 16. Meanwhile, Australia’s Treasury could soon require crypto exchanges to be licensed under the existing financial services license regime.
FTX customers could get $9B shortfall claim payout by mid-2024
Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by mid-2024 after a proposed settlement was reached between FTX creditors and debtors.
Australia to require crypto exchanges to get licensed under the existing regime