Bitcoin Forum

I just want to share something that felt like a full-circle moment for me.

I was one of the people who had money stuck in FTX. When everything crashed and the truth about FTX came out, I really thought I would never see that money again. It was devastating. I am not someone who has a lot, so the amount I had there, around $x,xxx, felt too big to lose. It was hard to accept, and honestly, I already did. I just told myself it was gone forever.

But recently, I got an unexpected surprise. The FTX Distribution gave me back that $x,xxx. I did not expect it at all. And the moment I got it, I did not even hesitate. I used it to buy Bitcoin. Whatever the price was at the time, I just bought.

Why? Because during the time I lost that money, I felt helpless. But now, even if it is just symbolic, I wanted to take that back into my hands. I believe in Bitcoin. And even after what happened with FTX, I still believe Bitcoin is one of the few things you can hold without trusting a person or company. It is pure code and math.

Getting that money back felt like a second chance. I am not saying it is a perfect decision, but it is mine.

Just wanted to put this out there in case someone is going through the same thing. There is hope. Hang in there.


https://talkimg.com/images/2025/06/14/Ud7GbN.png

https://talkimg.com/images/2025/06/14/Ud7P9T.png

Good for you, I’m glad that yourself & others received the $ value that you had at the time of the FTX disaster. It was a really bad time for a lot of people, one positive is you didn’t have to wait as long as the MtGox victims in a similar situation. I only had dust in my FTX account at the time luckily but it must have been tough when you were unable to withdraw. Happy you had a good outcome though & full respect for the continued Bitcoin conviction.

I am glad you were able to recover your already forgotten funds. FTX began repayment on the 30th of May 2025. But my concern are for customers who haven't completed their KYC or lack the necessary document to begin the process. Cases like this can be capitalized on to deprive people of their assets, the worst nightmare that accompanies centralized systems.

2022 ending must have been a rough year for FTX customers. Many would have suffered heart break, lost hopes, illness and all. But it is good to hear the have begun crediting customers their funds, those who have completed their KYC. I heard you guys received a 9% interest  ???

I am so happy that you were able to get back you refund from FTX. I see that you have learnt the biggest lesson of your life to be in self custody of your funds and not keeping it in an exchange anymore. You made the right decision for not giving up after FTX crashed and also buying bitcoin with the money that was refunded.

Bitcoin is decentralized and gives you the freedom to be your own bank, because Satoshi knows that is the best freedom for human against the government and their fiat currency that is used to control the citizens financial life through continuous printing of fiat overtime.

First congratulations, not many hard this opportunity to get such money back as you did because sure alot aside from FTX happened and no penny was paid back, so I will like to congratulate you on your found recovery and also a double congratulations for buying Bitcoin with that money, I am sure you already moved on all the while that ftx was bankrupt so having such money back feels like a bonus to you, and sure Bitcoin is the perfect choice of investment.

Great decision, mate, and congratulations!
You weren’t expecting it, but you ended up getting a refund.

Even though bitcoin’s price is pretty high right now, I’m sure we’ll hit $200k in the near future. It’s always wiser to invest rather than spend, especially since we’re in crypto to grow our investments. And honestly, bitcoin has always been the most reliable investment in this space.

I am very happy for you that FTX distribution paid you back in full because you had lost all hope of getting it back and you took the best decision to use it to accumulate Bitcoin, now you have self custody of your coins, no more in the custody of any exchanges. Your experience should be a lesson to crypto owners who still trust exchanges to keep their coins, if hack or bankruptcy happens they can lose everything, imagine that you had thought that hope was lost to recover your coins, others might not be lucky like you. "Not your keys not your coins" and " keep your coins in a none custodial wallet" this is a privileged information that everybody that joins this forum should know.

Many crypto holders don't know about the the difference between holding their Bitcoin in a none custodial wallet and leaving it in an exchange account, when they buy Bitcoin for investment in an exchange they will leave it there, they don't know about the better option of creating a none custodial wallet and moving their Bitcoin there. I have personally educated some friends who told me that they are now into Bitcoin investment and I eventually find out they are using exchange accounts, I tell them the dangers of it then I educate them about none custodial wallets.

You've been a member of this forum since 2017 and should have learned the difference between an exchange and a non-custodial wallet a long time ago. I find such things incomprehensible, because storing so much value online with clowns like SBF is worse than gambling.

I wonder if all those who were victims of this scandal learned anything at all from everything? Do they still store their cryptocurrencies online or have they changed tactics? I think most are still going down the wrong path considering that CEXs still hold huge value in various cryptocurrencies.

I don’t have an account with FTX, but I just want to ask, was your account there fully verified?

And about your refund, that’s kind of a blessing, even if you lost out a bit. If you deposited bitcoin, they didn’t pay you back based on the current value, they used the fiat value at the time the bankruptcy was declared. I also heard there was only a small amount of interest added.

Congratulations on your claim. I don’t use this exchange before because the UI/UX is not my type.

I’m wondering if they just refund the same amount of your crypto in $ before the crypto pump or they send the amount based on the current price.

You should at least receive a compensation for waiting for this long.

Dang, you got over 100k back? I lost a small amount of bitcoin -- around 0.1 -- on Celsius and last year I got some of that back through their redistribution, but I'm so glad I never had any more in there. I think at one point I was considering holding all my crypto and bitcoins there as I was a long-term holder and didn't plan to sell anytime soon but luckily I was overly cautious and went with the mantras don't put all your eggs in one basket and don't invest more than you can afford to lose. I don't know what I would have done had I lost all my crypto or even a significant amount.

I want to congratulate you on getting back the money. And yes, the fall of FTX has indeed frustrated many people, most of whose cases are the same as what you experienced. And I'm sure there are now many happy people who have also gotten back their money that was also initially stuck with FTX.

And I like your decision about putting your money into buying or accumulating bitcoin no matter what the price. I understand why you decided that. Because you even gave up the money if it had to be lost. So now you definitely won't hesitate to buy that money on assets with the most potential for the long term. Besides, it looks like you are ready not to use it in the long term. So yeah it was a wise decision to put it into bitcoin.

And yes, the second chance you have has also made you learn that saving money on the stock exchange is not recommended and you no longer want to save money on the stock exchange, right? And the proof is that now you buy it directly into Bitcoin. But I hope you keep your bitcoins in your cold wallet.

I also lost money at FTX and I know your pain
It was quite hard to go without money during that time but I'm glad we got a refund
I believe you made a good decision

I also bought some BTC with what I received and the rest was in stablecoins
I even had BTC at the time of the FTX crash and unfortunately we were rewarded the value of BTC at 18k or 20k

But with BTC in our portfolio, the tendency is for our investment to appreciate again
I was curious to know if the people who were hurt by FTX would buy cryptos again.

Nope, you missed the point, OP mentioned $x,xxx so it must be an amount that is below 10K. ANd what you see on the image about $104K is the current market price of bitcoin at which OP bought the bitcoin and the amount is hidden by OP.

---

You got lucky, but this is a reminder why we should not trust the exchanges to keep our money, and it's been said many times but here you go one more time, Not Your Keys, Not Your Cryptos.

Congratulations for your refund from FTX exchange and you found a new life in investment and trading with it.

It's a truly painful and also stressful experience for you, and I hope that it is enough to change your practice entirely after that accident. You must change your stance and practice because you won't be lucky forever.

Events made you scare about custodial wallets, centralized exchanges. (https://bitcointalk.org/index.php?topic=5509759.0)

I started hearing the narrative of FTX refund for a long time, I didn't believe it will be successful. I had thought it will end up in a cock and bull stories. I am surprised and happy that you guys were refunded.

If I get you right, you had BTC in FTX when the hack happened. Now, you are paid back the value of bitcoin as at 18 or 20k. This should rather be a fortunate story or am I missing anything?

If you had 0.002 BTC then, FTX should also refund you 0.002 BTC now right?

Congratulation to you OP, i know how you feel now after years of thinking that your money is lost forever. You also tried for trusting bitcoin, regardless of the price you buy bitcoin it will still appreciate in the near future. If you were even opportuned to get back your money at that time i think you would have exhausted it on other things but it's good you bought bitcoin, it just look like a giveaway money now. Endeavor to use a self custody wallet to store your bitcoin, no exchange should be trusted to keep your funds for you. And remember to keep your seed phrases intact. Enjoy your ''lost but found money dude''.

Congratulations @OP and this could be your good experience.

People have to experience by themselves in order to learn it, that's why experience is the best teacher. Even people have said to trade Bitcoin using no KYC P2P or DEX, hold Bitcoin in non custodial wallet etc, not all users are doing the same what they said.

Hopefully this could make people eyes open.

Out of curiosity, did you get the full amount back?

I have a similar experience to yours, with only differnece that i didn't get my money back. Back in 2017 I fell for phishing scam, making me losing 100% of the bitcoin I had up to that point, which made like 95% of my portoflio back then (I had a little bit of alts). For a few days I consider leaving crypto alltogether, but luckily I didn't which tuened out to be the best financial decision I ever made.

It's good to know that you got something back. When I first saw your post I was curious since I know that the FTX trustee announced last year that they would refund depositors. It's even good fortune that we are in a bull market so no matter the circumstance of the profligacy of SBF and his team, there ought to be enough funds to repay depositors. It reminds of of the Mt Gox experience and how such misfortunes could turn to large fortune in the crypto space. Your dest the fund in BTC is certainly better then spending it. Your profit will come with time. Just HODL.

Congratulations to you on getting your cryptos back, Actually you must have learned some lesson from this situation which they say experience is the best teacher and which you no longer need someone to tell you what to do as regards to your dealings with any centralized exchange. It's nice as you shared your story as this can give hope to those who might have lost hope of getting their funds back from the FTX collapse.

Congratulations to you, ftx customers are lucky that they could get their money back, and it didn't take as long as a lot of people predicted it will. However, those who were holding coins like BTC that have risen since the collapse would still have a lot of regret, because they are only getting the value of their funds as at the time the exchange collapsed.

Op i hope you have moved the BTC you just bought into your self custodial wallet, i hope ftx creditors who are just getting their money back do the same thing too, wouldn't surprise me if they receive their funds, buy coins and put it in another centralized service.

Good for you, I'm glad you bought back.

Could you tell us how much you got back in percentage? You don't have to reveal USD numbers, but like if you got back $50 from having $100 originally you could say you got back 50%. I'm interested to know this information, as I expect more people will do the same as you.

Ftx creditors received all of their money back, actually they recieved 118% of their lost funds back, and i believe that is what the op received, this information can be gotten online. I don't know if many creditors will buy BTC like the op, because they were not even repaid in crypto in the first place, they were repaid in dollars, if they were repaid in BTC, many of them would probably have just gone on to hold it, maybe.

It took close to a decade for victims of Mt Gox hacks to get back their deposits. So I would say you are lucky to get your money back at this time. The most important thing about a negative situation is to learn lessons from it. I am glad you have learned that centralised platforms cannot be trusted. It is better to buy Bitcoin and keep it safe in a non-custodian wallet. Congratulations.

A big congratulations to you bud, I am sincerely happy for you, and also very happy to learn that those who lost money on the FTX collapse are now getting the lost funds refunded back to them, this is something worthy of celebration assuming the money involved was large enough, for this is exactly like one having a dead loved one come back to life after losing him or her for several years.

And your decision to invest the recovered fund in bitcoin is a great decision, and bitcoin is a perfect choice, I can understand the reason for buying bitcoin at its current price  not minding that the price could still drop a bit and you could have bought a potion or two cheaper if you DCAed, but it's alright, I am happy for you specially for getting your lost money back, this to me is the most important thing.

I’m glad to hear that you finally gain back the money that you lost with FTX, although this comes a surprise but it also leaves you a lesson to ponder. And it’s a good decision to put everything into bitcoin, the fact that you are with your own bank, the full control is yours, it’s up to you how you will maximize its security then.

Bitcoin is decentralized so there’s no reason to worry then. You just have to keep buying and hodling, and store it in your own bank, and eventually in due time you will gain everything even x5 or x10 from what you put with FTX before.

Well, I just want to say congratulations on being able to claim your refund.

I also like your mentality though, you were able to move on from the problem and, as you said, you didn’t expect to get your money back, so it was a real surprise when you did. That kind of mindset is what real investors and risk-takers have: we understand the risks and we’re willing to move on quickly. Great job and congrats again.

When it comes to investing in bitcoin, you really can’t go wrong, it’s a no-brainer. That’s why we’re here, right? To invest in bitcoin and make smart decisions.

The FTX issue did have a big impact on some people but when they were responsible and returned the money that had been stolen by SBF before and you got your rights back even though it was late but it was still very good and congratulations on that.

With this return at least we have to have a broader mindset even though now ftx is starting to want to improve their image but this is a concern not only in ftx but in other exchanges because nothing can be said to be safe when dealing with such things, So by seeing that we have to be wiser and not trust the exchange too much especially when they run under the pretext of a third party because in the end the same risk is still very possible to lurk at this time.

That's great to hear. Could you share how many days your funds were stuck on FTX? If you were able to wait patiently during that time, then I'd say it's definitely worth waiting again now for holding.

First of all, congratulations, you have received a good amount after all the FTX events. It was already forgotten money for you and now that money is yours, this is great. It is a very good decision to invest all the money you received back in bitcoin.

You will invest all your money in bitcoin anyway, you will not keep your money in similar exchanges anymore. Considering the ups and downs you experienced with the FTX exchange and the times you saved your balance, it is a great excitement.

Not only FTX, Mt.gox is also returning BTC to investors after more than 10 years of bankruptcy.


No, they paid in USD and converted the value at the time they declared bankruptcy. Meaning if you have 0.002BTC, they will only pay you $40 at bitcoin price of $20,000 (when they declare bankruptcy) instead of paying you in BTC or USD equivalent at current exchange rate. This is a huge injustice and loss for investors but they can do nothing but accept it. On the plus side, at least FTX paid back investors, which is better than nothing.

Congratulations on getting your funds back and this is indeed a second chance because things like this don't always happen especially in the crypto space where alot of people have lost their investment trusting in centralised entity.
I hope you can use the experience you got through the FTX issue to teach others the consequences of trusting a centralized entity and using CEX as storage.

I have a question I want to ask you, the distribution given back to you by FTX is it in stablecoin? Does it come with the profit you ought to have achieved if holding the Bitcoin or altcoin you have on their platform?

This is why Bitcoin has so many fans and those who don't accept it. I think if someone who once lost a certain amount but then was lucky enough to get it all back, like you, OP, we would see more people accepting the value of Bitcoin. I think many of us have had stories of losses, but those who never fully understood the whole idea and the benefits of keeping their funds out of sight leave and lose hope. There are people on the forum who regularly feed their faith with such good stories, but unfortunately, there are other sources that are aimed at bad propaganda, but the fact that everyone has their own time of acceptance and awareness confirms that there will be more followers.

It's a good news indeed, I also got my money stuck in FTX though it's not big amount in the first place so when I first heart the devastating news of FTX collapse, I'm not really affected but it's good to see my money back.

I'm sure there are other people out there who still believe in BTC even after they temporarily lost their money to FTX and buy bitcoin back.
The collapse after all was caused by the fact that FTX is trying to play with shitcoin, not with BTC. BTC is still the king.

Congratulations to you for having a recovery, as half bread is better than none, but I still look beyond all these that is happening, because they shouldn't have used the same rate of bitcoin price as at then to qualify it's present value for a payback, so if I may ask, where are the profits they have all made from these attacks, holding someone's asset over a decade deserves a compensation, some would have lost access to their wallet used as at then, some were even dead at the cause and a lot has happened, they would have done something more appreciative than the rate used for the payback.

I value Bitcoin since then. It just happened that I used FTX Exchange before major on my trading, that's why there's some quite huge amount fund there, even Bitcoin that I bought on my spot which I just plan to hold instead of withdrawing off it to my personal wallet, but didn't, so another part of the lesson.

At first I felt like calling you out @GreatArkansas, like why you? Because you are a legendary member of this forum with alot of experience but then again, my mind tells me that it could be anyone.

Even if you were trading with my money on FTX at the time it can still happen to someone who want to buy Bitcoin and move the money out ASAP, I've heard from a friend of a friend who deposited on a old scam exchange and it was that moment that they stopped processing withdrawal and later the news got out that the exchange was attacked.

I am glad that you are given this second chance again and you made the right choice by buying Bitcoin with the money, you can still ride the money up to 140k per Bitcoin and take profit or decide to hold for many years down the line, it's your choice but good one.

Congrats.

That's not bad at all. I am sure that there will be people complaining, but most of those who had money on FTX were always looking at the USD price of crypto and not holding it for its own sake. They got a very good deal here, often you get nothing.

Rank anywhere does not imply knowledge. A lot of people held money in FTX because it had vouches by reputable organizations, and they won't learn their lesson after this fiasco either.  :D

On a nutshell, this is a lesson to us all, that we should make use of a non custodial wallet for our bitcoin, let's assume that as at then, there's no much awareness about not your keys not your coins, and people are not well informed in understanding the difference between a custodial wallet and a non custodial wallet, can you imagine what these users would have made by now, assuming they have been holding ever the years on their wallets.

I am happy for you @OP, in our country, that amount is really huge so I can understand the frustration and "hopelessness" when FTX goes bankrupt and your money is in it.  Now that you recovered you fund, it is a wise decision that you convert it all in BTC, I would do the same because of the trust established by Bitcoin in its market. 




If you haven't known, FTX is too popular back then.  No one ever thought that exchange would collapse, it is possible that @OP is trading something or converting some cryptocurrency and his funds were  in there when the scandal happened.  Just like anyone would not suspect Mt. Gox would get bankrupt, but it did.  I also don't think it was a mistake trading or investing in FTX since all their documents (founders) seems credible they (founder and some staff) even donated funds to US political party.

Ftx didn't repay their creditors in any cryptocurrencies, creditors were repaid in U.S. Dollars. They were also refunded the exact value of their lost funds, as at the time ftx collpased, i.e. if your BTC was worth $500 when ftx collapsed, you get back $500, even though BTC has since then risen to over $100k. The collpased exchange were only able to revover assets that could cover the exact value customers lost at the time.

The OP confirmed in one of his posts that he was using the FTX account for trading. It is common for crypto traders to keep funds in exchanges for quick and easy transactions.  Nobody knew that these exchanges would have issues because they were very popular and claimed to have a big financial base. But this is a lesson for all of us that centralised platforms are prone to attacks that could lead to bankruptcy.

That's the comment I expected to find. I was thinking the same thing too. Yes, while we rejoice with OP for his luck in recovering what seemed to have been lost; we should also say the bitter truth. There are certain mistakes veteran members shouldn't be making, for instance something like this. It's a newbie error. As a trader, I also leave funds on exchanges but it's not something much that can cause panic for me if lost. I know there are risks to that and I've braced up for it but I need to trade and I can't be sending and removing funds every now and then. However I just split funds I trade in top exchanges, not in one.

@OP congrats bro, secure your funds on a different wallet or exchange now! 

For sure he knows that, if his money is diversified then it's reasonable that there are allocated money in some CEX, the only problem here is the CEX, FTX is a good exchange back then, yes but at that time there are many good CEX exists that qualify the most in terms of accountability. Also, it's for the convenience especially if you want quick trades and always do P2P transactions in your country, and some of the CEX are insured, it's like storing money in the bank already. I get it, it's more secured for a non-custodial wallet but can't deny the fact there's accountability to CEX too that makes you feel secure to put some money in. The current era of digital is being developed, a lot of people storing money to digital banks nowadays and people find it secure as long as the bank have a good reputation, same with exchanges. Also, maybe he's trading and using the platform for the leverage or for staking, no one knows better ask him than questioning his knowledge.

They do the repayment in US dollars or USDT?
It is still good that they repay the creditors, but it is really a sad experience though thinking about what the creditor have missed and the benefit they would have gotten after the BTC ETF was filed, because the people are introduced to Bitcoin that invested the amount they can afford to loose made x21 of their investment.
I wonder why the repayment was done in a low key and not like the previous repayment that was know by almost everyone in the crypto space.

Is that any better. Any exchange can collapse, and that is not the only risk you face when you have your funds in many exchanges, they could confiscate your funds for whatever reason, and then there is a risk of data breach, take note that the risk is higher when you have given multiple exchanges your personal information.
Yeah, but in ftx's case it wasn't even an attack, sbf simply ran the company to the ground, lol.

Yeah, and even till this day, alot of traders still keep funds in exchanges where they trade, most especially big exchanges like Binance and bybit, kucoin and the rest, but then, I believe the confidence is born from the fact that both Binance and bybit have been hacked with lots of money stolen but the exchanges managed to make sure that their customers funds were not affected, this is the possible reason why traders have come to trust this exchanges much to not think twice about leaving funds there.

Lets just hope that history does not repeat itself in terms of big exchange hack and customers losing fund, cus anything that will make an exchage like Binance to collapse could spell doom for a lot of people in the cryptodom, most especially traders.

Yes, any exchange can collapse BUT they all won't collapse at the same time. There's a reason that adage, "don't put all your eggs in one basket" exists. Again, I don't just register on any exchange that springs up. I run through them, starting with their Trust Score. I never had an account with FTX even though I was using its Blockfolio app to track coins and monitor my portfolio. It was a very great app. Oh, I miss that now. There was something about that exchange I couldn't place a finger on that didn't sit well with me then.

I hope you won't keep that money on exchange anymore.

I've never done that with my bitcoin, but I had some bad experience with altcoins held on exchanges. There was a time I lost some altcoins due to exchanges going bankrupt and they wanted me to go through full KYC to get that back, so I refused and considered the money gone forever. My privacy is worth more than a few hundred $. These experiences have taught me what to do with my bitcoin and how to keep it safe and thankfully it's been that way for a decade now.

Congratulations on getting your fund back after all hope had been lost from the crash of FTX, but I hope since you got your money back and you used it to buy bitcoin, you did not repeat your previous mistake by leaving the bitcoin on the exchange where your fund was sent to Kraken, as you did not mention it. You bought and withdrew the bitcoin to your private wallet, or if it's in the same place you received your refund payment.

I didn't know that people who lost their money in FTX got a refund, I'm very happy for you. I hope everyone can get their money back.
Of course, the intervening years have caused many opportunities to be missed or many people will not actually get the real value back, but it is a great chance that you can get some money back rather than losing it completely.

Of course, it is one of the most expected things that people who get their money back will invest in bitcoin. Investing with the thought of “I lost this money anyway” can psychologically comfort people :)

That's really nice, but I think many wouldn't want to take their money somewhere anyways - or that's just me.

They already cooled down from the situation probably, but they would be much more cautious from everything from the moment the refund would be made..

I can imagine the relieve and the feeling of an unexpected surprise. Situations like this can make you deep rooted in faith even when it seems like a mere occurrence.
Its a good decision you have made. Congratulations and all the best

While the rest market who didn't trust FTX suffered from the effects that its collapse had on the market, you were able to avoid the lesson that you should have learned: not your keys, not your coins. It's great that you coins back, congratulations for that, though I hope that you learned your lesson and self custody this time around, instead of storing it on an exchange. FTX is a lesson that it can happen with any exchange, no matter how big or seemingly reputable.

Happy for you. I didn't believe ordinary people would actually get refunded what they lost.
I just got a question out of curiosity. The money you had was it in bitcoin, and if it was, did they give you back the actual amount it was, or did they give you what it would be worth at the time they refunded?

This is a good example to show that exchanges, no matter how big they may be, are not bitcoin. Exchanges will come and go, but bitcoin will still be here. FTX is almost forgotten, but Bitcoin is still stronger than ever. Binance and other big exchanges are not bitcoin.

FTX was never a good exchange, that is where your wrong ideas lie. If many prominent people are writing online that a CEX is good and secure, does that make it so? No. FTX was an overhyped, dangerous project run by 2 incompetent loonies. All you had to do was take a good look at the kid's picture to know that he should not be running anything that deals with money. Instead of looking into his picture and using their heads, people were reading positive reviews from others based on their reputation.

I already asked about this in another way. They got a good deal on the dollar amount, but they still lost in crypto amounts. Of course they didn't get the full amount back.

powerful narrative of resilience. From  crushing loss to unexpected comeback, deeply resonates. It is really devastating to lose your last card (as in all your savings) or money you couldn't afford, painfully as a result of broken trust. Your go ahead to get Bitcoin to regain control speaks voluminously. This goes beyond investment to be a declaration of autonomy.  You chose to turning helplessness into action.. Your story is a lifeline to others going through the same agony likewise to those that might be in such. Hope can come back in the strangest ways, spiritually as well as financially, this is a second chance and it's completely yours. I am grateful that you have shared this moment of bravery.

Congratulations to the OP for getting his funds back.

Its important to remember what happened to FTX and other exchanges is nothing
to do with Bitcoin itself so in such circumstances we shouldnt lose hope or belief in Bitcoin.

That scenario shoul teach everyone that once you "trust" your coins to a third party
you are increasing the risk of massively.

I hope the OP also bought a hardware wallet and ceased storing coins and funds on
an exchange?

I am wishing for your greater comeback by buying Bitcoin. It has to be done and good for you that FTX still gave you back something in return. Because those were really the helpless times for the victims of the FTX debacle and you're fortunate to have it. It was the thought of many that it won't be returned to them anymore and, it's a wise decision that the amount of money you've received there as the refund have been used to buy Bitcoin.

Oh!
I now understand what OP meant. I agree that it is injustice but with the condition of things, it seems to be the only feasible way to make the refund possible.

If actually the funds were not stolen, that is, they were frozen, it won't be difficult to refund BTC. But since the funds were lost, the best alternative is paying with USD value of BTC as at the time of the hack. This is better than not paying at all.

I mean what are the chances for your money to be back after what happened with FTX? :D
I know Bitconnect is a different scenario with what happened with FTX because the exchange was regulated, but still, the chances of you getting your money back is for me, low to near zero already.

Anyway, $X,XXX is a huge amount already knowing that we are living in the same country. I mean even $1,000 is already a huge money in a country like ours. It's good to see it back from you, and I wonder how you felt after seeing those money vanishing from your hands just because of an exchange getting "bankrupt".

Happy for you, and for those out there, use this incident as a lesson for you that don't put all of your money in a Centralized exchange whether it's Binance, Bitget, OKX or whatever it is. It's okay to put some money only if you're planning to sell it and move it, but don't use those exchanges as like "wallets" where you can store your money there for a long time.

Very cool.  This is the first story I've read of someone actually getting their money back from FTX.  At least you didn't have to wait over a decade like mtgox! 

Congratulations on your recovery and I'm very glad to hear that you used it to buy Bitcoin.  I hope many others do as well.

Suddenly it seems like everything is being sorted out in cryptoland.  Bitcoiners getting paid back.  Legislation happening everywhere.  All the uncertainties are being removed one at a time.

I wasn't affected but I know few people around that had their money stuck. Some people went mad about their life and couldn't even eat but I'm happy that you gots your money back. Thanks to the Bitcoin and the increase in price else I think the exchange wouldn't be liquid enough to pay back this billions of debt, if they have gave back the coins in the quantity and not in the value it was worth that time, I believe you will be having the equivalent price worth of your Bitcoin by now but it's better than nothing.

For the rest of us that do still patronize centralized exchanges, I know the exchanges look convenience and all that than having wallet on your own but you never know what a crypto company is going through until they experience some challenges, instead of waiting till that time, it's better to put everything in a personal wallet. I will rather hold my coins in software wallet than leave it secure on any centralized exchanges, the risk isn't worth it. Big congratulations, more ATH to Bitcoin price.

Thanks.

---

Update: Just yesterday, I withdrew all purchased Bitcoin from the exchange to my hardware wallet.  8)

Not your keys, not your coins 8)

Good job!
There is no sense of keeping your Bitcoins on an exchange by just being a display there. Bitcoins, big or small amounts should be kept on a safer wallet that's definitely ours and if for long term, nothing beats the security of the hardware wallets. Also, keep your seeds safe and away from someone's eyes in your house.

You can always sell me your "BITCOIN" AR Lic Plate. :P :D

I just grabbed "TESTNET".

Glad you got your funds back.  Don't do that again eh? <3

Sounds very great.
Even a paper written wallet is thousands percent better than storing in an exchange where they can collapse anytime, not to mention whenever things went wrong such as hacking, etc they always hardly disclose anything.

Great news overall, and this one as well!

I hope many more to come in the nearest future 8)

Bitcoin is peer-to-peer digital cash.
It's money that doesn't require intermediaries. Besides being a form of hard money without inflation, one of Bitcoin’s key features is that anyone can be their own bank.
You don’t need banks, you don’t need exchange offices, and you don’t need any third parties in a peer-to-peer money system.

Not your keys, not your Bitcoin.
If you don’t control your private keys, you don’t really own your Bitcoin. Always use a non-custodial wallet to stay sovereign.

Uh, that took quite a while, lol, did you order a new hardware wallet which just arrived or something, just curious why you had it on an exchange for a few days. If i were you, i wouldn't be able to sleep if my funds remained on any exchange longer than a few minutes, after the earlier incident. However, good job and glad you are now completely your own bank, good luck man.

You must had practically put in consideration of the proverb; a stitch in time saves nine.
Congratulations on the restitution and was indeed a second chance for you to exit the platform because once a cracked wall has lost it solidity that's why we still don't have to store our funds in the custodian exchange wallets which of course so many has experienced security breaches leading to investors lost of funds.