Digital Surge to Repay Customers After Losing $33M on FTX
Summary: • Australian cryptocurrency exchange Digital Surge has been bailed out after creditors approved a long-term recovery plan. • The company 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. Table of Contents: I. Introduction II. Background Information on Digital Surge III. Details of the Recovery Plan…