TL;DR
Full Story
For those who misplaced cash in FTX, we now have some excellent news, and a few unhealthy information.
The excellent news is:
The property claims that 98% of collectors ought to obtain no less than 118% of allowed claims in money inside 60 days of their payout plan coming into impact.
Translation: you ought to be getting your a refund, plus somewhat additional on high.
The truth is, the FTX property presently estimates that after the entire property that has been collected has been transformed to money — the quantity accessible for distribution will probably be between $14.5B and $16.3B.
(For context — when FTX went kaput, the agency misplaced an estimated $8B in buyer funds).
The unhealthy information is:
Collectors will probably be receiving their payouts in money
…so should you had a bunch of crypto that has since appreciated greater than 118% — like for instance: BTC, which has elevated ~300% since FTX went beneath…
You then’re going to be taking a loss.
Not nice. However higher than nothing.
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