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[SBF Claims FTX Did Not Go Bankrupt, 98% of Creditors Have Received 120% Repayment] FTX founder SBF (Sam Bankman-Fried) stated on his X platform account that FTX was never truly bankrupt, despite lawyers placing it under bankruptcy proceedings. SBF mentioned that over 7 million customers had deposited approximately $20 billion into FTX, and in November 2022, due to an inability to meet customer withdrawal demands, FTX filed for bankruptcy, still owing customers $8 billion at the time. After two years of bankruptcy management, it has now been disclosed that all customers will receive 119% to 143% repayment, with approximately 98% of creditors having already received 120% repayment. Following the payment of $8 billion in claims and $1 billion in legal fees, the bankruptcy management still retains $8 billion in funds.

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