🔵 FTX Recovery Update 🔵
🔹 Good News for FTX Customers
Nearly all FTX customers are set to receive their funds back, with interest! After the collapse in November 2022, FTX announced that between $14.5 billion and $16.3 billion would be distributed back to users.
🔹 Reimbursement Details
- Customers and creditors owed $50,000 or less will receive about 118% of their claim.
- This covers approximately 98% of #Ftx❓ customers.
- After full claim payments, additional interest may be paid if funds are still available.
🔹 Note on Crypto Value
- Customers will be paid back the cash value of their cryptocurrency #assets from the time of FTX’s collapse, plus some interest.
- However, this might be less than the current market value, as crypto prices have surged since then.
🔹 Next Steps
The reimbursement plan is awaiting final approval in U.S. #bankruptcy Court.
