#CryptoNewss
FTX exchange 3 May 30 $5 billion in user funds will be released. The funds will be released via the BitGo and Kraken exchanges, and will arrive in your BitGo and Kraken accounts within 1 to 3 days starting on May 30th.
However, there are criticisms about this because when FTX went bankrupt, it only paid for crypto at the market price. For example, if Bitcoin was only $50,000 when FTX went bankrupt, it would still be charged at $50,000 even if it was now $100,000. So, there are some who criticize that users are being harmed, while others say that they are just getting a refund.
However, since FTX's refunds will only be in USD, there is no need to worry about increased selling and a price drop, and there are expectations that this money will be used to buy back crypto, which will increase demand.