#FTXrepayment
🚨 FTX Begins Repayments – Crypto’s Biggest Redemption Arc? 🔥
Two years after its catastrophic collapse, FTX is finally repaying customers—but there’s a twist. The bankrupt exchange has begun distributing $13B - $17B in recovered assets, with smaller creditors (claims under $50K) getting 118% of their claims! 💰💸
📊 Key Highlights:
🔹 First repayments started on Feb 18, next rounds: April 11 & May 30
🔹 98% of claimants will be fully compensated—and then some!
🔹 Interest payments up to 9% may be included for creditors
🔹 Payments facilitated via BitGo & Kraken
But here’s the question: FTX collapsed with an $8B hole—so how is it repaying up to $17B? 🤯
Some speculate strategic asset recoveries, legal settlements, and asset appreciation played a role. Meanwhile, founder Sam Bankman-Fried is serving 25 years for fraud, and former Alameda CEO Caroline Ellison was sentenced to 2 years.
🚀 What’s Next for Crypto?
This marks one of the largest financial recoveries in crypto history—but does it restore trust in the industry? Or is this just a warning of what happens when centralized platforms fail? 🤔
🔻 Your Thoughts? Will this change crypto’s reputation or is the damage done? Drop your take below! 👇🔥