FTX Australia administrators are working to secure the assets of 20,000 Australian investors exposed to the dramatic collapse of global crypto trading platform FTX last week.
have identified almost 30,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.
Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades. While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back some of the fiat currencies connected with FTX Australia customers. Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.
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