Are FTX creditors getting paid?

[Ota.collins]

You might be wondering about the recent developments regarding FTX. There's some good news! FTX will pay out $16 billion to affected users. Recently, over 162,000 FTX users were credited, totaling more than $800 million.

The best part is that many exchanges are starting to organize events to reward these users. However, to participate in these events, users must provide proof that they have been credited by FTX. This requirement helps ensure that only legitimate users receive rewards from the pools.

While these payments are currently being processed, the market has not shown significant movement yet. However, I believe that the market will react positively to this news soon.

What are your thoughts on this development?

[Reynaldo]

Yeah  FTX creditors are getting paid yesterday  through Kraken . Some people sold their claims to third parties back in November for a bit less than full value. Standard market behavior some want to wait, others prefer immediate liquidity.

[Lilybasil]

You might be wondering about the recent developments regarding FTX. There's some good news! FTX will pay out $16 billion to affected users. Recently, over 162,000 FTX users were credited, totaling more than $800 million.

The best part is that many exchanges are starting to organize events to reward these users. However, to participate in these events, users must provide proof that they have been credited by FTX. This requirement helps ensure that only legitimate users receive rewards from the pools.

While these payments are currently being processed, the market has not shown significant movement yet. However, I believe that the market will react positively to this news soon.

What are your thoughts on this development?

Is this why the crypto market saw a relief yesterday and price remained decent today.. you talked about some exchanges having some sort of events and that's true. Digged this up on Twitter. https://x.com/bitgetglobal/status/1890354804867694929?t=BY05waT_VXbt7sdFRviDgg&s=19. Know anyone that's a beneficiary to this generosity already?.

[Ota.collins]

You might be wondering about the recent developments regarding FTX. There's some good news! FTX will pay out $16 billion to affected users. Recently, over 162,000 FTX users were credited, totaling more than $800 million.

The best part is that many exchanges are starting to organize events to reward these users. However, to participate in these events, users must provide proof that they have been credited by FTX. This requirement helps ensure that only legitimate users receive rewards from the pools.

While these payments are currently being processed, the market has not shown significant movement yet. However, I believe that the market will react positively to this news soon.

What are your thoughts on this development?

Is this why the crypto market saw a relief yesterday and price remained decent today.. you talked about some exchanges having some sort of events and that's true. Digged this up on Twitter. https://x.com/bitgetglobal/status/1890354804867694929?t=BY05waT_VXbt7sdFRviDgg&s=19. Know anyone that's a beneficiary to this generosity already?.

You can check the exchange and see how many persons have participated in the event