🤓Rumors of FTX Crypto Exchange Paying Out Clients Cause FTT Token to Rise

- Despite the fact that FTX has been undergoing bankruptcy proceedings since the end of 2022, its token continues to be traded on crypto exchanges, including Binance.

- The next court hearing on compensation payments will take place only on October 7, and the final payment plan has yet to be approved.

- On September 29, updated documents were received by the court, and this was taken as the starting point for payments on social networks, which turned out to be a mistake.

- If the plan is approved, FTX clients who filed applications for payments on time will begin receiving compensation only by the end of 2024.

- All compensation will be paid in dollars and calculated at the exchange rate at the time of FTX bankruptcy in November 2022, that is, with a bitcoin rate of about $17 thousand.