FTX to refund customers at Bitcoin's prices below $18,000
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.
Repayment in full should be what is fair as those people lost their coins due to the incompetence of the people managing the FTX exchange, but we knew this was never going to happen and they will fabricate all kind of excuses to not do so.
And according to your source they have decided to use a very weak excuse, since this could allow them to pay all their customers a very low amount of bitcoin, keep the rest and earn a fortune during the upcoming bull run.