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Some wealthy people lost millions in the FTX collapse. But others say they've lost their entire life savings.

Business InsiderBusiness Insider · 8m
Some wealthy people lost millions in the FTX collapse. But others say they've lost their entire life savings.

The FTX collapse in 2022 affected not only wealthy investors like Tom Brady, who reportedly lost $30 million, but also thousands of regular people who lost their life savings. Prosecutors in the case have described FTX founder Sam Bankman-Fried as having victimized tens of thousands of individuals and companies across multiple continents. Many of these victims have shared their stories of financial devastation, highlighting the significant impact on their lives and families. FTX's bankruptcy filings indicate a $9.5 billion shortfall owed to approximately one million creditors, but lawyers have stated that customers and creditors can expect full restitution.

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