its bankruptcy caseBankruptcy lawyers for the collapsed crypto exchange announced a plan Tuesday night in which customers with $50,000 or less worth of assets on the exchange would get 118% of the value of their assets at the time of the company's bankruptcy filing.
That's cold comfort for many investors, however. If they still had that bitcoin, it would be worth $61,923 today.The recoveries outlined in the plan vs. the "what could have been" portfolio valuations for FTX customers are not even kind of the same thing in an environment where crypto assets are charting new all-time highs.
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FTX says most customers will get all money back, less that 2 years after catastrophic collapseFTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.
Source: AP - 🏆 728. / 51 Read more »
FTX says most customers will get all money back, less that 2 years after catastrophic collapseFTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
Source: wjxt4 - 🏆 246. / 63 Read more »
FTX says most customers will get all money back, less that 2 years after catastrophic collapseFTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
Source: ksatnews - 🏆 442. / 53 Read more »