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Author Topic: Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash  (Read 150 times)
JeromeTash
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Heisenberg


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May 16, 2024, 09:48:10 PM
 #21

But, most of the coins they have aren't in Bitcoin, check https://platform.arkhamintelligence.com/explorer/entity/ftx

Awesome link, but I have to ask when you go to the timeline, are those funds the exchange had in their custody or the claimed coins?
For example two years ago they had 20.15k BTC, are those all the bitcoin the clients had or what they actually had in custody while clients claimed twice as much?

Probably what is currently available. But we can't just zero down to only just those funds. When a company files for bankruptcy depending on what chapter it is. Sometimes they are given an opportunity to liquidate their assets so that they can restructure or pay off their creditors.

Maybe FTX had assets the liquidated way more that the creditors claimed or not. We shall know this in the near future.

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