Australian FTX creditors on track to see money returned in full

Australian creditors of FTX are likely to receive all their money back, and those forced to lodge claims in the US (after the Victorian Supreme Court ruled that only Australian investors who had instigated a withdrawal in Australian dollars would be eligible for the local process) are also set to be made whole, with FTX Trading lawyers saying the company expected to “have sufficient funds to pay all allowed customer and creditor claims [which total around US$16b] in full”. More from Coinlive and the Australian Financial Review (subscription required).

Meanwhile, an investigation has revealed that Australian regulators were concerned about the failed cryptocurrency platform’s local operations and were actively surveilling the company six months before FTX’s spectacular collapse. More from The Guardian.