Australian Crypto Exchange Digital Surge to Pay Back Creditors After Losing $33M on FTX

Australian Crypto Exchange Digital Surge to Pay Back Creditors After Losing $33M on FTX


According to a deed of company arrangement (DoCA), the exchange will receive a loan of 1.25 million Australian dollars from an associated business, Digico, to allow it to function. Customers with under $250 will be repaid in full and others will receive at least 45% of their balance over five years.

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