Cryptocurrency Q&A Will FTX customers get money back?

Will FTX customers get money back?

ShintoSpirit ShintoSpirit Thu Oct 31 2024 | 5 answers 969
I'm concerned about the recent FTX collapse and wondering if there's any chance for customers to recover their funds. Will FTX customers get their money back or is it all lost? Will FTX customers get money back?

5 answers

GliderPulse GliderPulse Sat Nov 02 2024
FTX has announced a deal that will enable former customers to reclaim a substantial portion of their funds.

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Giulia Giulia Sat Nov 02 2024
The effectiveness of the plan will be determined by the relevant legal authorities and will likely involve a thorough review process.

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CryptoPioneer CryptoPioneer Sat Nov 02 2024
Specifically, the deal will provide former customers with approximately 119% of the value they had in their accounts at the time of bankruptcy.

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RainbowlitDelight RainbowlitDelight Sat Nov 02 2024
This announcement is a significant step forward for those who lost money during the bankruptcy proceedings.

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EthereumLegend EthereumLegend Sat Nov 02 2024
Creditors can expect to receive their funds within 60 days after the plan is officially declared effective.

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