#FTXRefunds 💸: A Step Towards Redemption?
Good news for former FTX users: the bankrupt exchange is making progress in its repayment plan! 🔁📦
Recent announcements indicate that creditors could recover a significant portion of their funds, or even in full in some cases. ✅
🔍 What to remember:
– The repayment process is underway, based on valuations from November 2022
– Crypto assets are being converted to fiat to facilitate payments
– Full repayment is being considered for some non-institutional users
💭 This development restores some confidence in the crypto ecosystem, showing that recourse can exist even after a spectacular bankruptcy.
🗣️ And you, are you affected by this repayment? Share your experience or opinion in the comments.
