FTX has billions more than needed to pay bankruptcy victims [Financial Post (Toronto, Ontario, Canada)]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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US:NASDAQ Investor Relations:
americanairlines.gcs-web.com/investor-relations
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in U.S. bankruptcy proceedings. Lower-ranking creditors typically receive just pennies on the dollar for their holdings, but FTX benefitted from a strong rally in cryptocurrencies including Solana, a token heavily backed by convicted fraudster and FTX founder Sam Bankman-Fried . The company has also sold dozens of other assets, including various venture-capital projects like a stake in the artificial-intelligence company Anthropic. Article content Article content “In any bankruptcy, this is just an unbelievable result,” said FTX Chief Executive Officer, John Ray, who took over the firm when it collapsed. Once it finishes selling all of its assets, FTX will have as much as
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AAL
News
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- 3 Ways to Save $80 or More on American Airlines [Yahoo! Finance]Yahoo! Finance
- Airport announces luxury motorcoach ground service linking AVP, Philadelphia International [Yahoo! Finance]Yahoo! Finance
AAL
Earnings
- 4/25/24 - Miss
AAL
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- AAL's page on the SEC website