đ The #FTTđ„đ„ token of the collapsed FTX #exchange has surprisingly surged in value, outpacing all others.
đ This spike is fueled by false rumors about the imminent start of compensation payments to affected clients. đ°
đ However, these claims are unfounded; the next crucial court hearing isn't until October 7, meaning no payments will occur by #September 30. If the plan is approved, clients with claims under $50,000 might see payouts by late 2024, while larger claims could face delays until early to mid-2025.
Additionally, some creditors are challenging the compensation plan, insisting on asset-based payouts rather than cash. đ§
