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Author Topic: FTX planning to payback customers, small account holders on the priority list  (Read 130 times)
electronicash
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May 19, 2024, 07:16:18 PM
 #21

in some articles, they were saying they'd pay in full + interest which is cool but other articles are just saying FTX will be paying them in fiat during the time off FTX collapse. which means because, at the time of the collapse, the value of BTC was around $17k, the creditors will get such an amount also plus interest. 
this is just like confiscating the coins and paying them what it's worth at that time.
It should be at the current price or the amount of btc they are holding. Its not fair if the price will use im fiat is the one those times during that time it is bear situation even so their holding is in altcoin. Hence the computation must be negligence and only gave them the amount on which they are holding. Like if a guy holds 0.5btc he must be given that amount 0.5btc not 0.5btc worth in 17k in fiat thats bullsh*t.

if the info was right, its a bad news for those creditors. having just 0.5BTC means you can only get $8k+ while if they refund at the current rate, the amount would be around $33k. not bad as it's like letting them hold your coins.

even better if they just return 1BTC as 1BTC then all is well like nothing has ever happened, they may even forget what SBF did for all they care as long as they get their coins back.



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Kelward
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May 20, 2024, 05:42:08 AM
 #22

If I am not wrong they tried to say the same once in a while mostly with a hope of coming back again. If the creditors get back what they deposited then it's good and also they started the claiming process a long ago and still no one has given anything back means it's going to take forever to get the funds.
Action speaks louder than words, so let FXT start already to pay back the customers that they scammed, not coming to make promises again. I hope that it's for real this time, atleast it'll be a solace to the category of investors that they plan to pay first, and a glimpse of hope to those that are not yet on the list. An exchange platform in my country that was hacked, has also been given this false hope to their customers, but I'm not sure that they've kicked off the payments of the first batch yet. It's a lesson for those that are still leaving bulk of their funds in exchanges, this scenerio could be their future predicaments.

R


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asriloni
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May 20, 2024, 06:13:06 AM
 #23

I’m receiving multiple emails and updates from them and seriously I don’t know if this is true or not.
I’m not providing any details due trust issue and security purposes, I will also provide my details once they started sending it but for now I have to wait and see first if this is true or not. FTX was a total mess, hope they are really paying every user and bring back their money.

If you were receiving this kind of email and i think it's real.



I have also received multiples email regarding FTX liquidation progress. They are paying the users but in the same rate as when FTX was collapse. It's a big loose for all of creditors caused by they were missing a lot of profits because of the capital gains.

Bitcoin price has been doubled but they are paying used the old bitcoin price when it was still at the bottom. So, FTX got very nice profit from liquidating customer's fund with the current price.

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May 20, 2024, 06:44:57 AM
 #24

Looks like this bull run saved FTX holders, at least partially. They will recover at least something after so long time
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May 20, 2024, 07:06:21 AM
 #25

I have also received multiples email regarding FTX liquidation progress. They are paying the users but in the same rate as when FTX was collapse. It's a big loose for all of creditors caused by they were missing a lot of profits because of the capital gains.

Bitcoin price has been doubled but they are paying used the old bitcoin price when it was still at the bottom. So, FTX got very nice profit from liquidating customer's fund with the current price.

I think it's the most ungrateful tidings for by users even though their value is no longer comparable to their current value.

Personally, when there is good faith coming and being replaced, it is good enough than to burn and lose everything. But, it is a pity for deceased people (their users) whether they can also reclaim by the heirs left behind.


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