Nearly two years since FTX's bankruptcy! $20 billion in assets unfrozen, how much can users get back?

In 2023, FTX collapsed, and the founder misappropriated $16 billion in assets, causing 900,000 users to suffer losses. Now, the first batch of $20 billion in assets has been unfrozen, with 98% of users eligible for full compensation + interest, but users from certain regions are excluded!

How is compensation calculated?

• Users claiming ≤$50,000: Payments will be gradually credited starting May 30, 2025, at 118% of the asset value in November 2022 (including 9% annualized interest).

• Other users: 100% full compensation + additional interest, but calculated based on the price of the cryptocurrency at the time of bankruptcy (for example, if 1 BTC was worth $18,000 in January 2022, and has now risen to $60,000, it will still be compensated at the original price).

Why is it so slow?

• Difficult asset tracking: SBF transferred assets through 137 shell companies, and the $8.9 billion in stocks requires court approval for liquidation.

• International disputes: 18 countries are vying for priority in compensation, with U.S. courts dividing by “location of assets,” and Japanese users may receive an additional 15%.

• Strict identity verification: Users must upload transaction records from before the bankruptcy, with some needing to use blockchain to prove asset ownership; 392,000 people face $2.5 billion in canceled compensation due to incomplete KYC.

Is it better than Mt. Gox?

Mt. Gox users waited 9 years for a 34% compensation, while FTX is expected to complete compensation in 2.5 years, with 98% of users receiving excess compensation. However, FTX involves 900,000 people, and users from 5 countries, including China and Russia, are denied compensation due to legal issues, accounting for 8% of the total user base.

Reminders for victims

• Apply for compensation quickly: The official website portal is open until June 1, 2025; missing the deadline may result in disqualification.

• Beware of scams: The official process does not charge fees; receiving messages about “paying fees for priority compensation” is a scam!

• Be mentally prepared: If the cryptocurrency price drops again, compensation may decrease by another 10%-15% (but the current plan has already covered $14.5-$16.3 billion in funds).

Do you think you can get back half? Let's discuss in the comments! Share with your crypto friends, like and follow for updates!