FTX User Seeks Court Intervention to Recover $400,000 in
Solana After Accidental Deposit
$SOL Lukas Bartusek, a former user of the now-defunct FTX exchange, is facing a frustrating roadblock in recovering $400,000 worth of Solana (SOL) after mistakenly depositing 2,000 SOL into his old FTX account. Despite FTXās collapse over a year ago, his funds remain locked, and he is now seeking a court order to retrieve them, according to a filing submitted to Delaware bankruptcy court.
When Bartusek made the deposit in October 2023, Solana was valued at $31 per coin, making his deposit worth approximately $63,700. Since then, the value of Solana has risen sharply, with the current worth of the deposited coins now standing at about $396,000. However, FTX accepted the deposit even though the exchange was already in the midst of bankruptcy proceedings. As the legal team confirmed, Bartusek would need a court order to access the funds due to the constraints of bankruptcy law, which prevents the distribution of assets outside of the court's approved process.
This issue arose when Bartusek accidentally sent the funds from a crypto wallet linked to another exchange, BTSE, to his old FTX account, which he thought had been frozen following the collapse of the exchange. Unfortunately, the deposit went through, and now, FTX is insisting that only a judge's approval can release the funds. This isnāt an isolated case, as many users of FTX have found themselves trapped in similar situations, unable to access their funds for over two years.
In a more positive development, FTX has begun the first phase of repayment to eligible customers under its Chapter 11 reorganization plan. On February 8, the company confirmed that initial distributions would start on February 18, focusing on creditors who meet the pre-distribution requirements. Affected users can expect to receive their funds within one to three business days.
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