#FTXrepayment Compensation After More Than Two Years from the Collapse

#FTXrepayment

In November 2022, the cryptocurrency market witnessed one of the largest collapses in its history with the bankruptcy of the FTX platform, causing massive losses for investors. After more than two years of waiting, the compensation processes for affected customers have now begun, with the official announcement of the launch of the refund mechanism for traders who lost their assets during the platform's collapse.

Details of the Compensation Process 🧐

🔹 Start Date of Compensation: February 18, 2025

🔹 Upcoming Payments: April 11 and May 30, 2025

🔹 Value of Recovered Assets: Ranging from 12.3 to 15 billion euros

🔹 Platforms Used for Payment: BitGo, Kraken, and other reliable platforms

This decision comes as part of rebuilding trust in the cryptocurrency market after the significant crisis caused by the collapse of FTX. Users who lost their money can now submit their requests for recovery through the platforms participating in the payment process.

Binance Supports FTX Affected Customers 🤝🚀

As one of the largest trading platforms in the world, Binance has launched a new mechanism to support affected FTX customers, allowing them to submit their requests through the dedicated link for refunds on their platform. This initiative reflects Binance's commitment to providing real solutions for traders affected by this crisis.

If you are among the affected, make sure to follow the official updates from Binance.