🚀 Let's take a brief look back at the FTX bankruptcy incident that shocked the cryptocurrency world! 💥
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📅 In November 2022, a tweet from CZ was like a bombshell, instantly bringing down the once glorious high-rise building of FTX! 💥
💰 FTX triggered a panic run on investors due to insufficient liquidity. After Binance announced that it would no longer advance its plan to acquire FTX, FTX finally couldn't hold on! 😱
📅 On November 11, FTX filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, and founder and CEO Sam Bankman-Fried reluctantly announced his resignation. 😔
🤔 Its affiliated company Alameda Research has more than 100,000 creditors! The estimated assets and liabilities are between $10 billion and $50 billion, which is an astronomical figure! 💰
💡 However, the bankrupt FTX did not give up. After several rounds of asset and token sales, the reorganization team announced good news: the accumulated funds are enough to fully compensate creditors and customers for their losses in the bankruptcy! 🎉
💰 At present, the compensation amount has reached 16 billion US dollars, and the earliest payment will be in October! It's amazing!
🤔 Many people may have questions: Since the compensation is in cash, do we have to dump the market in exchange for cash for compensation? 🤔
🙅♂️ Of course not! As early as 2022, FTX had already gone bankrupt and liquidated. This 16 billion compensation was of course prepared long ago! 😎
💡 So, don't worry about the market crash caused by the compensation! 😌#FTXBankruptcy#CryptocurrencyEvents#Compensationis ready
