FTX will repay everybody 118% back

[$crypto$]

This is indeed good but what they must do is when they will gonna do start refunding their customers.
There are already a lot of exchanges that got hacked after how many years but still they still didn't get any of their money back event cents.

Some affected customer just want to get their money back even without any increase or interest.

It is not clear when it will be resolved that the funds handed over to customers will be returned this is like the promise they keep talking about, so that creditors remain a little calm listening to their statements.

The point is, don't get your hopes up that when an exchange goes bankrupt you'll have a balance there, it's all an illusion to me, maybe their money has already been taken out and is funding the SBF trial or something?

Still haven't seen where the exchanges that were hacked and closed returned their customer assets, the owners were only arrested and the victims were the customers.

[God bless u]

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

Look if you're claiming something that big then you should provide enough evidence and you should provide enough proofs to make people believe your stance.

Daily I hear about these projects and people are continuously posting threads like that but in order to be distinguished from lame and fake projects you have to proved each and every inch of the detail. So try to be me comprehensive.

[el kaka22]

For some reason I still doubt that, not saying that it will not happen, I am just saying that it will not be all that simple and we are going to end up with a bad result, that is just what I am feeling. I get that some other people may feel like things could change, but that is not going to be all that common, we are going to end up with a bad result one way or another.

I hope that things could get better eventually, it is not going to be easy, we should probably look for better ways in the end. Obviously this isn't really that simple, we are going to end up with issues here and there, but as long as we let it happen, then we are going to be doing something fine. This is simply just how things could work out in the end.

[stomachgrowls]

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

Its a good news for those people who had been affected with that FTX issue. If it turns out that they would really be getting that 118% then thats a good news. I dont know on whats the set up for those someone who would really be buying those claims for 99%. I dont know about the security of this deal considering that decisions might be revoked or something that might not really be continued. This is why it would really be hard
to have that kind of agreement specially if the amount transacted in between parties would really be that big. In related to the news then it is really that something good for those who had been affected.

Is there any projected dates or schedule for this one to be pushed through? Pretty sure that affected users are really excited on this one. 

[Cookdata]

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

The other time they promised to payback affected customers but it's going to be in equivalent amount of usdt when the exchange went down and everyone disagree and now they are back with another conspiracy theory that will be rejected obviously. I'm not even sure if there is any serious team among who are handling the exchange debt. How can you pay back people and you still want to earn from customers money, the exchange has nothing and most of the funds belong to people as I believe SBF has donated exchange funds to politicians.

If Mt.gox that happen 10 years ago that is yet to pay back the affected customers has not done so, I will call this as an audio repayment that will never happen right now. There has been a lot of speculation surrounding the exchange, get back the exchange, fill this form and that form and no tangible result has come out ever since, no progress but news about what may never happened. If I'm the affected customer, it will be hard but I wokld have cut my loss and move on.

[alani123]

If you count the extremely low ball estimation of account values in dollars then yes, FTX is overpaying. This is part of the US bankruptcy fraud system and how it was never built to handle equity over dollars. Dollars are completely worthless compared to how much people would have had even if they were paid a fraction of their crypto today. In fact, everyone was holding expecting a price surge like the one experienced at the moment. However anyone who had deposited crypto into FTX got badly burned. This "over 100%" claim just adds insult to injury.

[jrrsparkles]

If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

[goaldigger]

If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

This is why I don’t follow their instruction to receive my crypto from FTX, and seriously 118% is too low for all the stress that you’ve encountered with this incident. If this is true, then we might wait a little longer because for sure, they are still gathering the data and some users are not providing any details because of trust issue and they don’t want to suffer any loss again.

[Potato Chips]

Prices of cryptocurrency from Bitcoin to altcoins in 2022 and 2024 are very big different. FTX customers will have big losses by this method for repayment from FTX exchange so the 18% extra payment is their trick to reduce the sentence on SBF as I guess.

Pretty much the catch lol.

Though I sincerely hoped this doesn't improve their image, I've already seen folks who were swayed by it. I believe, the media played a part on this as well with their headlines as if FTX is doing us a big favor lol or victims are gonna get all their money back when it's not exactly all when the value is converted to fiat. I do wonder if the media is doing it for the clicks alone or some of them were actually bought.

[Ludmilla_rose1995]

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

if indeed FTX intends to do that then this is a very encouraging thing, especially one of my friends is a victim of this FTX (has several mbtc), he will definitely be very happy, I'm sure FTX will never want to replace them because before this incident, they are one of the world's largest exchanges with large liquidity

the exchange business and liquidity from FTT tokens is really tempting and it is difficult to make FTX investors leave it, I am sure customer trust will slowly recover (but it will take a long time)

[batang_bitcoin]

If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

I'm interested to hear from someone who has been affected by FTX and has taken their money by the cons of the former management. Let's wait if there will be testimonies about the actual claim and if they're able to take back theirs flawlessly and without having any problem at all. While the hope is in there for taking their money, it's true that this should have been done long time ago but then, there's a process of everything and let's just wait and see how the new management handles the former management's ruckus.

[abel1337]

Well it's nice for the victims actually recovering their money but even with a move from like this from FTX will recover their reputation. I wonder how did FTX gained their money to pay the victims of FTX? I don't think that their business is doing good after their problem of scamming people, or somehow the funds that they scammed stay still and bloomed in value that's why they will pay on form of fiat. Though I strongly believe that this will never recover their reputation because it seems to me that they are trying to fix their mistake.

[Maus0728]

Good, that means that they're really sorry for what the bigwigs of their company has done. How are they gonna pay this reparations to the victims though? Because I assume that the extra 18% isn't going to be coming out of their own pockets but the money of the company. Would they be able to cover it all because there's billions right?

Other than those questions, it's a good thing that there's some good news for the victims, and this is a much faster one unlike with Mt. Gox that took years for the finalization and reparations to those that got their bitcoins stolen.

[memehunter]

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

Are they paying 118% of the cryptocurrency value that was in users' accounts, or 118% of the USD value at the time of the bankruptcy filing? The ideal solution would be to return the same cryptocurrency that users originally held.

[SATWAT]

If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

I'm interested to hear from someone who has been affected by FTX and has taken their money by the cons of the former management. Let's wait if there will be testimonies about the actual claim and if they're able to take back theirs flawlessly and without having any problem at all. While the hope is in there for taking their money, it's true that this should have been done long time ago but then, there's a process of everything and let's just wait and see how the new management handles the former management's ruckus.

Currently, most of the things are happening just in media with nothing practically happening, and this all has never been easy as well because we are having history of scams and bank corrupt companies which announces things like these, and we are having no positive response in long run so right now having any hope of quick recovery is not ideal because this all has never been easy as many are expecting.
I am also having one claim which is working for years and I have many time emails and other stuff while they ask for many things related to this account with I send documents as well, but it's going on for the years and I never have any penny from them with now I am losing my hopes or having maybe they will be ever sent this all to my kids.

[Ben Barubal]

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

     It's like I've read something before about this kind of news, but I hope that the money that belongs to the people who trusted to put money into FTX before will be returned. I have not heard of any such thing that SBF has returned to its victims.

     I really hope that people will get their funds in Ftx in full, even if they don't add more interest. As long as the amount of their funds is returned to the true owners, that's fine, in my opinion.
But I wondered why there is exceeded 18% in 100%? just asking

[shinratensei_]

if its true then its good, though if they are using the old rates which means the people don't get their money back in current rate this 18% is nothing compared to the gain that they supposedly gained right now but well its better than just losing the money.
hopefully they can repay everyone before the parabolic movement of bitcoin happen otherwise its gonna be such regretful scene missing out on the parabolic movement just because waiting for the money to be repaid back which honestly is rather silly.
but at least money back is already good enough.

wonder if they really trying to reboot their exchange again or is it finished after they repaid their customers back of their lost money, the reputation dent won't be easily cleaned off of its brand name, probably people won't be as trusting as before.
but if they did take this path of adding extra 18% interest for the money initially was lost, I guess most of the people just gonna see them in a better light.

[UserU]

Meanwhile Celsius Network gets fucked with paltry returns + delays + data hacks

[jaberwock]

Hopefully they would be able to pay this all back, 18% interest is something and I don't think that it's not a small and given how much they've owed to the people that have, it's probably going to take them a long time before they can finish paying all of the people that have been wronged by FTX, the people behind FTX that have nothing to do with the scams and are big investors of the company is probably so mad at SBF with all of this, they all got a good thing going already, how they got so greedy that they have to cheat people is still really puzzling to me.

OP shouldn't say that everything worked out if this is currently just a plan. It was only the announcement who is confirmed but that don't mean much, especially to these guys, as there are lots of times they fail to make their promise a reality. Yeah you're right, 18% is not small and this can be another reason for their burden. For me, I don't mind getting only the original amount but as long as it is sure ball.

It's fine if the payments takes a long time again but again as long as it's not going to fail this time. It's crazy to think on why the FTX collapse happened but I think if we are on their shoes, then this is going to be clear for us. It is still not right of course and should have been avoided.

[batang_bitcoin]

If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

I'm interested to hear from someone who has been affected by FTX and has taken their money by the cons of the former management. Let's wait if there will be testimonies about the actual claim and if they're able to take back theirs flawlessly and without having any problem at all. While the hope is in there for taking their money, it's true that this should have been done long time ago but then, there's a process of everything and let's just wait and see how the new management handles the former management's ruckus.

Currently, most of the things are happening just in media with nothing practically happening, and this all has never been easy as well because we are having history of scams and bank corrupt companies which announces things like these, and we are having no positive response in long run so right now having any hope of quick recovery is not ideal because this all has never been easy as many are expecting.

I can't speak in behalf of the real affected customers of this debacle. While it's easy to say something out of our opinions but this gives hope to the affected ones and the ones that are eligible for the return.

I am also having one claim which is working for years and I have many time emails and other stuff while they ask for many things related to this account with I send documents as well, but it's going on for the years and I never have any penny from them with now I am losing my hopes or having maybe they will be ever sent this all to my kids.

Well, I hope that the claimants won't be asked for that bunch of document papers where they can easily verify it through each of their accounts through their own database.