Current location:health >>
FTX customers to get money back after catastrophic crypto collapse
health215People 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.“Culture Compass news portal”。http://isleofman.arismichailidis.com/article-70c399617.html
Related articles
Families of the victims of attacks on displaced people in Congo mourn their dead
healthGOMA, Congo (AP) — Families of the victims of last week’s bomb attacks on two camps of displaced peo ...
【health】
Read moreShanghai Disneyland to resume operations
healthShanghai Disneyland will resume operations on Thursday, marking Shanghai Disney Resort's return ...
【health】
Read moreEU agrees to open accession talks with Bosnia and Herzegovina
healthBRUSSELS, March 21 (Xinhua) -- Leaders from the European Union (EU) on Thursday agreed to open acces ...
【health】
Read more
Popular articles
- Maradona’s missing trophy has resurfaced and will be auctioned in Paris
- Secrets for the epic achievements in the new era
- Missing Kansas women confirmed dead, kids safe, 4 charged with kidnapping and murder
- Online city tours entertain journalists home and abroad at Beijing 2022
- Fred Sirieix cosies up to his fiancé Fruitcake who wows in a figure
- Thailand to waive visa requirements for Chinese nationals
Latest articles
Police launch probe after man in his 20s found shot behind the wheel of a locked car
Scottie Scheffler is a Masters champion again. And he's never satisfied
Solomon Islands election to test pro
Much of central US faces severe thunderstorm threat and possible tornadoes
Jessica Biel reveals her unusual secret to getting red
Harmonious echoes: China
LINKS
- Trainer Chad Brown seeks first Kentucky Derby victory after coming close. Having 2 entrants helps
- Olympic refugee athlete Lohalith suspended in the team's 3rd doping case ahead of Paris Games
- Efficient Real Madrid making an art form of scoring when least expected
- Google workers fired over Israeli contract protests file complaint with labor board
- Homeless families face limits on shelter stays as Massachusetts grapples with migrant influx
- Cardinals rally to beat Tigers 2
- Lawmakers and advocates make last
- Trump says states should decide on prosecuting women for abortions, has no comment on abortion pill
- Homeless families face limits on shelter stays as Massachusetts grapples with migrant influx
- Selena's musician brother AB Quintanilla has on