FTX customers to get money back after catastrophic crypto collapse
Release time：2024-05-09 06:14:54 Source：Culture Capsule news portal
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.
- Previous：Police clearing Pro
- Next：Poland detains and questions Russian man who illegally crossed from Belarus
Related articles
- Katie Price 'has vowed to name and shame the celebrity who raped her in explosive new book'
- I'm a neurologist
- Collin Morikawa part of 4
- Firefighters douse a blaze at a historic Oregon hotel famously featured in 'The Shining'
- Croatia ruling conservatives will form government with a far
- John Tortorella says he failed to get Flyers to 'close the deal' in wake of late
- History with Maple Leafs could help Bruins snap short playoff slump
- National Guard delays Alaska staffing changes that threatened national security, civilian rescues
- Eva Mendes sparkles in head
- Priest resigns from Michigan church after protests over his criticism of a gay author
- Kim Kardashian being booed by crowd at Tom Brady roast edited out of final Netflix cut
- An Alabama prison warden is arrested on drug charges
- Dominican prosecutors arrest soldier accused of raping a 14
- Worker electrocuted while doing maintenance on utility pole in upstate New York
- Police launch probe after man in his 20s found shot behind the wheel of a locked car
- Jonathan Tetelman recalls his journey from a nightclub DJ to an international opera star
- 'Ministry of Ungentlemanly Warfare' review: Guy Ritchie amps up WWII heist
- Jackson library to be razed for green space near history museums
- Former Las Vegas casino executive to be sentenced in bookmaking money laundering case
- Miles Russell is 15. He sets Korn Ferry Tour record as the youngest player to make the cut
Random recommendation
- Copyright © 2024 Powered by FTX customers to get money back after catastrophic crypto collapse ,Culture Capsule news portal sitemap