FTX Made a $5 Billion Payment, but Reactions Are Growing!
Although the repayment process has begun, social media is filled with reactions from creditors. Users are expressing their dissatisfaction, particularly on two points:
🔸 Payments are being made based on prices at the time of bankruptcy. As a result, many users are receiving amounts significantly lower than current market values.
🔸 The classification of claims has left some small investors excluded from the process.
Some users, for example, note that stablecoin holders are receiving their full amounts, while users holding cryptocurrencies like BTC/ETH are receiving payments with losses of 40-60%. Thousands of comments and documents are being shared on Reddit, X, and Telegram groups.
This situation has reignited the debate over the “valuation date” in crypto bankruptcies.
