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Australian administrator of FTX warns customers may not get all their money back

KordaMentha works to untangle web of companies behind crypto exchange and determine who is owed money by which branch of the business

The Australian administrators of failed cryptocurrency platform FTX are working to return funds to creditors but say some Australian-based customers could be forced to deal with US administrators.

FTX put its Australian companies into voluntary administration with KordaMentha last month following the spectacular collapse of the global cryptocurrency exchange at the start of November. Around 30,000 Australian customers were owed money or cryptocurrency from the exchange, in amounts ranging up to $1m.

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Cryptocurrencies | The Guardian