Current location:travel >>
FTX customers to get money back after catastrophic crypto collapse
travel1People 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 Connection news portal”。http://albania.jewrs.com/content-58f599407.html
Related articles
Pregnant Lala Kent goes make
travelLala Kent draped her baby bump in an elegant maternity dress when she surfaced in Los Angeles on Tue ...
【travel】
Read moreCJ Abrams' leadoff homer lifts Nationals over Dodgers 2
travelLOS ANGELES (AP) — CJ Abrams homered in the first at-bat of the game and the Washington Nationals be ...
【travel】
Read moreBrittany Mahomes pays tribute to 'hotttttt' husband Patrick amid dad
travelBrittany Mahomes gushed over her husband Patrick not long after the three-time Super Bowl MVP was ma ...
【travel】
Read more
Popular articles
- Father's grief after boy, 14, with 'no concept of danger' is found dead in river after vanishing
- Lebanon says Israeli agents likely killed Hezbollah
- Perkins singles in 8th to give Brewers 1
- 9 facing charges in what Canada police say is biggest gold theft in country's history
- EDEN CONFIDENTIAL: US officials sink Prince Harry's 'vague' plan to trademark Sentebale charity
- Dubai rain: Why experts don't think cloud seeding played a role
Latest articles
Malaysian soccer player splashed with acid, two others attacked in a week of rare violence
Regulators pleased Union Pacific is using fewer temporary shipping limits
Eye on the ball! King Felipe of Spain and King Willem
Clippers preparing to have Kawhi Leonard for Game 1 against Mavericks
Scores of Syrians return home after years at camp housing people linked to the Islamic State group
Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range
LINKS
- WHO warns of persistent threats from COVID
- 7 shot dead in 2 locations in U.S. Illinois
- U.S. transportation authority report finds missing bolts in Boeing door plug blowout
- Samuel Ersson blanks Devils to keep Flyers' slim playoff hopes alive in 1
- Tanzania to host East African petroleum conference 2025
- Food for Gaza plan unveiled in Italy to coordinate int'l humanitarian aid
- Gaza protester, 28, says she'll murder lawmakers at public meeting
- U.S., Britain launch airstrikes against Houthi camps in Yemen
- Westfield Bondi Junction incident live updates: Heartbreak as mother of nine
- Over 800 officials from U.S., Britain, Europe unite to protest Israel policies