🚹 FTX Clients to Receive 10-25% of Deposited Crypto 🚹

Confusion reigns as FTX announces clients will get back only 10-25% of their deposited crypto assets. This valuation is based on the rate at the time of bankruptcy filing. Additionally, FTX shareholders will receive 18% of DOJ forfeiture funds, capped at $230M.

Key Points:

- Compensation plan still under court review.

- Payments for claims under $50K may start late 2024; larger claims in 2025.

- FTT token surged 113% amid the news but later corrected.

What are your thoughts on this compensation plan? Share in the comments! 💬