The U.S. court has ordered FTX to pay $12.7 billion to customers who lost their funds when the exchange collapsed in 2022. This includes $8.7 billion in restitution and $4 billion to cover additional compensations. Itâs all part of FTXâs effort to repay everyone affected by the scandal .
On top of that, today, September 29, is a critical deadline. FTX customers have to file their claims through the FTX Claims Portal by the end of the day. Theyâll need to verify their identities, and while today is the deadline for submissions, the process of reviewing and approving those claims will continue afterward .
Now, looking at FTXâs token ($FTT), the price has skyrocketed, up 81.85%, sitting around $2.53. The RSI is in the 78-79 range, which means itâs overbought and could see a pullback soon. But thereâs been a massive volume of 39.16M FTT traded in the past 24 hours, so itâs clear that traders are reacting to all this news about the claims and the ongoing legal developments. If youâre holding FTT or thinking about trading it, itâs definitely something to watch closely right now!
#BTCPredictedNewATH #BTCReboundsAfterFOMC #FTXRecovery #Write2Earn!
