Quote from: Taskford on Today at 09:48:19 AM

Quote from: Dave1 on Today at 09:39:57 AM

FTX to refund customers at Bitcoin's prices below $18,000

Quote

Crypto exchange FTX has decided against resuming its operations and instead will proceed with asset liquidation to refund its customers, Reuters reported on Wednesday. However, under US bankruptcy proceedings, repayments will be calculated based on Bitcoin’s value in November 2022, specifically when Bitcoin was trading below $18,000.

https://cryptobriefing.com/ftx-refund-bitcoin-customers/

Is this has been discussed already?

What are your thoughts about this one? For sure those who lost money in the FTX collapse will have to find console in getting some from FTX itself. But I don't think this is fair to their customers if they will be calculated on Value of Bitcoin in November 2022, just saying.

It should be in full and should be based on the numbers of Bitcoin they have in this exchange, in my opinion.

For me they should be compensated according to the stress they got from the incident and FTX management done wrong so its really good to give something more to those depositor so that they will be happy with refund plan to be executed by them.

But if there's nothing will be change since government and FTX have good settlement plan to pay all of those people compromised on their platform then I guess they should accept it since its still better than nothing since they can't do anything with it but to wait for the total refund that planned to happen.

Hopefully depositors will get what they deserve since its not their fault on why this thing happen and all blame should be pointed to FTX management so they must pay for it.

I think they're just laughing at the investors who kept their money on the stock exchange. $18,000 for Bitcoin, it may never happen again.