FTX Customer Reimbursement: Current Status

After FTX filed for bankruptcy, the company has raised nearly $16 billion in assets and has begun the first round of repayments to creditors through BitGo. Customers will receive 100% of their claims plus 9% annual interest from the date of bankruptcy. 

However, some customers are unhappy with the amount of compensation, as it is based on the value of the cryptocurrency at the time of bankruptcy, which is lower than the current market value.

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison. The process of returning customers' money is ongoing, but may take longer to complete.

#FTXrepayment