FTX Will Return Money To Most Customers

UNITED STATES – FTX says plans to repay nearly all of its customers who suffered losses after its collapse two years ago. 

According to a court filing, FTX owes about $11.2 billion to creditors, but estimates having between $14.5 billion and $16.3 billion to distribute. 

The repayment plan includes interest payments at a rate of 9% for most creditors. Despite the potential relief, investors faced significant losses.

The bankruptcy court will decide FTX’s fate on June 25th.

Haiti Only Offers Batons and Bullets, Says Refugee in Camp
Amid escalating gang violence in Haiti, families seek refuge in makeshift camps. Lycee Fimem, a school on the outskirts of Port-Au-Prince, now houses displaced families, who fled after gangs torched their homes.