Current location:World Walkthrough news portal > style
FTX customers to get money back after catastrophic crypto collapse
World Walkthrough news portal2024-05-09 06:14:24【style】1People 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.
Address of this article:http://pakistan.whetstonetavern.com/article-14b199795.html
Very good!(48288)
Related articles
- Eurovision 2024 semi
- At UN, China calls for aid to make it to Gaza
- Ice sculptures of Asian Winter Games mascot debuted on Central Street in Harbin
- The northern section of Beijing Subway Line 17 will open by the end of the year
- Eva Mendes sparkles in head
- Wang Yi: China, Russia forging new major country relations
- Wang Yi warns against creating AI barriers
- DPRK top leader attends special concert by Chinese traditional orchestra
- Shakib returns to Bangladesh squad for final two T20 matches against Zimbabwe
- Draft gov't work report discussed at key meeting
Popular articles
Recommended
TikToker reveals the 'dystopian hack' that snuck her résumé past AI bots and landed her three jobs
Feature: 1 year on, cross
Chinese vice premier stresses timely delivery of homes to buyers
China's space
Noting campus protests, Democrats are preparing for intense action at their summer convention
CPC leadership discusses draft government work report
More outbound flights expected for Spring Festival
Leaders join provincial delegations to deliberate on Government Work Report
Links
- Chicago woman pleads guilty, gets 50 years for cutting child from victim's womb
- Mets rally in 7th and score the go
- Kyle Connor scores twice as Jets edge Kraken 4
- Sports discussed as a force in rural revitalization at Two Sessions
- Man gets 4 death sentences for kidnapping, rape and murder of 5
- How the disappearance of two Kansas moms led to 4 arrests in Oklahoma
- UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall, Tuesday, 4/16/2024
- Experts reveal the most stressful time of day... and how YOU can ease the pressure
- Bruins play
- Orioles homer 3 more times in an 11