Let's take a brief look at the FTX bankruptcy incident.

$BTC $ETH $SOL

In November 2022, a tweet from CZ

caused the FTX building to collapse instantly.

FTX triggered a run on investors due to insufficient liquidity.

After Binance announced that it would no longer advance its plan to acquire FTX,

FTX could not hold on. On November 11,

FTX filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.

Founder and CEO Sam Bankman-Fried announced his resignation.

Its affiliated company Alameda Research has more than 100,000 creditors,

and its assets and liabilities are expected to be between $10 billion and $50 billion.

After multiple rounds of asset and token sales, the bankrupt crypto exchange FTX

The restructuring team announced that the accumulated funds are sufficient to fully compensate

Creditors and customers for their losses in the bankruptcy incident.

The current compensation amount is as high as 16 billion US dollars, and it will be paid as early as October!

Many people will have questions. Since the compensation is in cash,

Does it have to dump the market in exchange for cash and then make compensation?

Of course, this is not the case. As early as 2022, it has been bankrupt and liquidated.

Of course, the 16 billion compensation has been prepared long ago!

Instead of dumping the market in exchange for cash when the compensation time comes!

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The above content only represents personal opinions and does not constitute any investment advice!