Cryptocurrency Q&A
Did FTX investors get money back?
Did FTX investors get money back?
Margherita
Wed May 08 2024
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6 answers
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Has there been any indication that investors in FTX have been able to recoup their losses and regain some of their investments? I'm curious about the status of refunds and reimbursements in the wake of the recent collapse of FTX. Have there been any developments in this regard, or is it still unclear whether investors will see any money returned to them? It's a crucial question for those affected by the fallout, and I'm eager to know if there's been any progress in addressing their financial concerns.
6 answers
ZenBalance
Thu May 09 2024
By October, the situation had changed, and the estate now anticipated paying back only 90% of customer funds.
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charlotte_wright_coder
Thu May 09 2024
This development marks a significant departure from the initial projections and the revised ones made by the CEO.
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CryptoWizardry
Thu May 09 2024
The initial projections from the FTX estate had indicated a certain amount of payouts to customers.
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LightningStrike
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and crypto wallet solutions.
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CryptoConqueror
Thu May 09 2024
However, in January, the current CEO of FTX, John Jay Ray III, revised those projections.
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