#FTXrepayment Bankrupt cryptocurrency exchange FTX began disbursing debts to creditors with claims of less than $50,000 on Tuesday, with the company expecting to complete these initial distributions within three business days of the start date. The distribution represents the first phase of FTX’s reorganization plan under the bankruptcy court’s separation, focusing on what the company calls “blame classes” of claims, which are the smallest and most numerous classes of creditors.
Repayment amounts will be calculated based on the value of customer deposits as of November 2022, when Bitcoin was trading at around $17, and creditors will receive the amount of their original deposits plus 9% interest regardless of the current value of cryptocurrencies.
But is this fair in relation to the current price of Bitcoin and the price of other currencies that has risen during this period, as the price of Bitcoin reached 96 thousand dollars, but the loss of the original amount is greater than the loss of profits, meaning that you lose profit is better than losing the original, this is what some say, but the other saying is that the loss is high compared to the current price of currencies, but it is a lesson for some in the future and a lesson for others,
What do you think about setting the trading price at $17,000 for Bitcoin without considering its current price and that of other currencies? Is it appropriate or is it weak compared to the current price? Write your opinion in the comments.