Cryptocurrency Q&A
How much did FTX customers get back?
How much did FTX customers get back?
Martino
Tue Sep 10 2024
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7 answers
1786
Could you please elaborate on the amount of funds that FTX customers were able to recover after the collapse of the exchange? Were there any specific percentages or dollar amounts that were disclosed to the public regarding the amount of money returned to customers? Was there a clear process in place for customers to claim their funds back, and if so, how efficient was this process in ensuring that affected individuals received their rightful shares?
7 answers
Bianca
Thu Sep 12 2024
According to the filing with the U.S. Bankruptcy Court for the District of Delaware, those owed $50,000 or less will receive approximately 118% of their claim.
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KimonoElegance
Thu Sep 12 2024
This reimbursement rate is designed to prioritize smaller creditors and customers, ensuring that the majority of them receive a significant portion of their funds back.
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ZenHarmony
Thu Sep 12 2024
The plan covers approximately 98% of FTX customers, demonstrating a commitment to providing a fair and equitable solution for those affected by the exchange's collapse.
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Martino
Thu Sep 12 2024
While the exact distribution of funds will depend on various factors, including the total amount of assets recovered and the number of claims filed, the proposed plan offers a glimmer of hope for those seeking reimbursement.
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benjamin_rose_author
Thu Sep 12 2024
The proposed reimbursement plan for FTX customers and creditors outlines a specific allocation of funds.
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