Current location:style >>
FTX customers to get money back after catastrophic crypto collapse
style53487People have gathered around
IntroductionFTX says that nearly all of its customers will receive the money back that they are owed, two years ...
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
The filing said that after paying claims in full, the plan provides for supplemental interest payments to creditors, to the extent that funds still remain. The interest rate for most creditors is 9%.
That may be a diminished consolation for investors who were trading cryptocurrency on the exchange when it collapsed. When FTX sought bankruptcy protection in November 2022, bitcoin was going for $16,080. But crypto prices have soared as the economy recovered while the assets at FTX were sorted out over the past two years. A single bitcoin on Tuesday was selling for close to $62,675. That comes out to a 290% loss, a bit less than that if accrued interest is counted, if those investors had held onto those coins.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Cultural Compass news portal”。http://poland.brianlynch.org/html-69d199740.html
Related articles
Helping Women Improve Health
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read morePregnant Lala Kent goes make
styleLala Kent draped her baby bump in an elegant maternity dress when she surfaced in Los Angeles on Tue ...
【style】
Read moreAstroworld crowd surge: 9 of 10 wrongful death suits have been settled
styleHOUSTON (AP) — Nine of the 10 wrongful death lawsuits filed after deadly crowd surge at the 2021 Ast ...
【style】
Read more
Popular articles
- Pucheng Helps Residents Resolve Marital, Family Disputes
- Jessica Biel reveals her unusual secret to getting red
- The Latest
- Houston mayor says police chief is out amid probe into thousands of dropped cases
- Federations Help Cadres, Volunteers Better Understand Laws
- Another German politician is attacked as concerns rise over violence ahead of EU elections in June
Latest articles
Establishing Guidance System for Family Education
Italy bars NGO migrant rescue flights from Sicilian airport, says they interfere with coast guard
Head and Sharma's electrifying opening stand earns Hyderabad 10
Father's grief after boy, 14, with 'no concept of danger' is found dead in river after vanishing
Suzhou Strengthens Family Education
A cargo plane make an emergency landing at Istanbul Airport after front landing gear fails
LINKS
- How Lady Louise Windsor is tipped for a key role in Prince William's future monarchy
- Why we cannot let the disability support changes happen
- David de Gea jokingly asks 'who' as he responds to former Man United team
- Design doubles: Pink loafers
- Rustle these up with Rosemary: My traditional steak and kidney pie
- Back to Black film: Does Marisa Abela sing her own songs in the Amy Winehouse biopic?
- Space X: Rocket set to slam into moon wrongly blamed on Elon Musk
- Return to sender! Bizarre items that arrived in the post and left people terrified
- Rustle these up with Rosemary: Chocolate fondants
- King Charles speaks to a royal fan about her King Charles spaniel named Camilla at Easter service