đ° FTX refunds... but at what cost?
More than 2 years after the historic collapse of FTX, customers are finally starting to see their money come back. Good news? Yes, but...
đŠ Refunds are made in USD, at the value of the assets at the time of the crash (November 2022).
âĄïž If you had 1,315,549,740.34 at $15, you get back... $15, even if 1,315,549,740.34 is worth more than $170 today.
đ„ In other words, those who have hodled elsewhere have seen their portfolio explode. Those who waited for FTX... are getting crumbs.
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đ A lesson? Never leave 100% of your funds on a CEX, no matter how "safe" it may be. Diversify, self-custody, and stay prepared.
đŹ Were you one of the FTX customers? Do you find this refund fair?
