Most FTX customers will only be able to get back 10-25% of their crypto assets, although they were initially promised up to 118% compensation. Payments will be made in fiat at the exchange rate on November 10, 2022, when Bitcoin was worth about $16,000, Ethereum - $1,100, and Solana - $17. Preferred shareholders will receive an additional 18% of the confiscated funds, but not more than $230 million.
As a result of the FTX fraud, customers lost about $8 billion. Many of them are experiencing psychological problems and even considering suicide, as their savings were stolen and not returned.
Stay tuned for updates! @VXLI
