FTX will repay everybody 118% back - page 2.

Ludmilla_rose1995

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Quote from: adaseb on June 04, 2024, 06:12:29 PM

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

Quote

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

if indeed FTX intends to do that then this is a very encouraging thing, especially one of my friends is a victim of this FTX (has several mbtc), he will definitely be very happy, I'm sure FTX will never want to replace them because before this incident, they are one of the world's largest exchanges with large liquidity

the exchange business and liquidity from FTT tokens is really tempting and it is difficult to make FTX investors leave it, I am sure customer trust will slowly recover (but it will take a long time)

Potato Chips

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Quote from: BlackBoss_ on June 04, 2024, 08:50:49 PM

Prices of cryptocurrency from Bitcoin to altcoins in 2022 and 2024 are very big different. FTX customers will have big losses by this method for repayment from FTX exchange so the 18% extra payment is their trick to reduce the sentence on SBF as I guess.

Pretty much the catch lol.

Though I sincerely hoped this doesn't improve their image, I've already seen folks who were swayed by it. I believe, the media played a part on this as well with their headlines as if FTX is doing us a big favor lol or victims are gonna get all their money back when it's not exactly all when the value is converted to fiat. I do wonder if the media is doing it for the clicks alone or some of them were actually bought.

goaldigger

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Quote from: jrrsparkles on June 06, 2024, 03:51:03 PM

If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

This is why I don’t follow their instruction to receive my crypto from FTX, and seriously 118% is too low for all the stress that you’ve encountered with this incident. If this is true, then we might wait a little longer because for sure, they are still gathering the data and some users are not providing any details because of trust issue and they don’t want to suffer any loss again.

jrrsparkles

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If I am not wrong it's been months already they asked people to claim their funds and began their process but nothing actually happened cause no one ever got any penny yet so FTX is trying to keep their name in the trend as well as good and I guess they can able to refund the exchange user's funds cause I read they have enough reserves to cover the exchange refunds but how long they have to wait is the next question which won't be possible in anyway soon.

alani123

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If you count the extremely low ball estimation of account values in dollars then yes, FTX is overpaying. This is part of the US bankruptcy fraud system and how it was never built to handle equity over dollars. Dollars are completely worthless compared to how much people would have had even if they were paid a fraction of their crypto today. In fact, everyone was holding expecting a price surge like the one experienced at the moment. However anyone who had deposited crypto into FTX got badly burned. This "over 100%" claim just adds insult to injury.

Cookdata

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Quote from: adaseb on June 04, 2024, 06:12:29 PM

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

Quote

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

The other time they promised to payback affected customers but it's going to be in equivalent amount of usdt when the exchange went down and everyone disagree and now they are back with another conspiracy theory that will be rejected obviously. I'm not even sure if there is any serious team among who are handling the exchange debt. How can you pay back people and you still want to earn from customers money, the exchange has nothing and most of the funds belong to people as I believe SBF has donated exchange funds to politicians.

If Mt.gox that happen 10 years ago that is yet to pay back the affected customers has not done so, I will call this as an audio repayment that will never happen right now. There has been a lot of speculation surrounding the exchange, get back the exchange, fill this form and that form and no tangible result has come out ever since, no progress but news about what may never happened. If I'm the affected customer, it will be hard but I wokld have cut my loss and move on.

stomachgrowls

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Quote from: adaseb on June 04, 2024, 06:12:29 PM

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

Quote

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

Its a good news for those people who had been affected with that FTX issue. If it turns out that they would really be getting that 118% then thats a good news. I dont know on whats the set up for those someone who would really be buying those claims for 99%. I dont know about the security of this deal considering that decisions might be revoked or something that might not really be continued. This is why it would really be hard
to have that kind of agreement specially if the amount transacted in between parties would really be that big. In related to the news then it is really that something good for those who had been affected.

Is there any projected dates or schedule for this one to be pushed through? Pretty sure that affected users are really excited on this one.

el kaka22

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For some reason I still doubt that, not saying that it will not happen, I am just saying that it will not be all that simple and we are going to end up with a bad result, that is just what I am feeling. I get that some other people may feel like things could change, but that is not going to be all that common, we are going to end up with a bad result one way or another.

I hope that things could get better eventually, it is not going to be easy, we should probably look for better ways in the end. Obviously this isn't really that simple, we are going to end up with issues here and there, but as long as we let it happen, then we are going to be doing something fine. This is simply just how things could work out in the end.

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Quote from: adaseb on June 04, 2024, 06:12:29 PM

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

Quote

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

Look if you're claiming something that big then you should provide enough evidence and you should provide enough proofs to make people believe your stance.

Daily I hear about these projects and people are continuously posting threads like that but in order to be distinguished from lame and fake projects you have to proved each and every inch of the detail. So try to be me comprehensive.

$crypto$

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Quote from: GreatArkansas on June 05, 2024, 06:43:16 PM

This is indeed good but what they must do is when they will gonna do start refunding their customers.
There are already a lot of exchanges that got hacked after how many years but still they still didn't get any of their money back event cents.

Some affected customer just want to get their money back even without any increase or interest.

It is not clear when it will be resolved that the funds handed over to customers will be returned this is like the promise they keep talking about, so that creditors remain a little calm listening to their statements. Cheesy

The point is, don't get your hopes up that when an exchange goes bankrupt you'll have a balance there, it's all an illusion to me, maybe their money has already been taken out and is funding the SBF trial or something?

Still haven't seen where the exchanges that were hacked and closed returned their customer assets, the owners were only arrested and the victims were the customers.

pinggoki

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Hopefully they would be able to pay this all back, 18% interest is something and I don't think that it's not a small and given how much they've owed to the people that have, it's probably going to take them a long time before they can finish paying all of the people that have been wronged by FTX, the people behind FTX that have nothing to do with the scams and are big investors of the company is probably so mad at SBF with all of this, they all got a good thing going already, how they got so greedy that they have to cheat people is still really puzzling to me.

BlackBoss_

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Quote from: BABY SHOES on June 05, 2024, 04:38:49 AM

I know of two threads about FTX that are still active.
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash
Re: [Updated] FTX

Paying back customers with 118% is too good to be true, so this is a fairly short return as we know Mtgox took a long time and until now it has not been realized, when there is a transfer of assets it becomes hot news.

FTX customers who were victimized may be happy with this news, but when will FTX pay for it? Is it just a promise that will continue to be delayed?
In fact, I don't think they will pay anytime soon.

Pay 118% in Cash, yes in cash, that will be calculated with prices of cryptocurrency at the time of FTX bankruptcy. It's too good to be true and like FTX is generous to pay their users and victims. In fact, their customers and victims will feel painful with this because in the last two years, cryptocurrency market turns from bear market, around bottom to recovery phase in 2023, warm up and is ready for a parabolic bullish market in 2024 and 2025.

The extra 18% in cash does not mean anything if we see that many cryptocurrency already x many times from their bottom prices.

GreatArkansas

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This is indeed good but what they must do is when they will gonna do start refunding their customers.
There are already a lot of exchanges that got hacked after how many years but still they still didn't get any of their money back event cents.

Some affected customer just want to get their money back even without any increase or interest.

GiftedMAN

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Quote from: Bureau on June 04, 2024, 06:57:03 PM

I doubt there is another topic related to this new. If they are paying back with interest then it is a good news for FTX customers. Is there any particular date from when the payment will be sent or it is still in discussion and all other information will be informed later? I hope they do good to all those who lost their funds.

Maybe this could be what the news says but I doubt it if the team are quite ready to pay such a money with percentage. This is going to be hard and the question is that when are they(the team) going to get such a fund. This is going to be a long search for money for the team to be capable of paying such a huge amounts of fund. Maybe this is going to be in quarter and not immediately for even victims to get their funds back. This promises could be filled soon but I am still doubting how it is going to be accomplished since the team has already filed for bankruptcy which is one of the reasons many people are doubting the information.

Cryptomultiplier

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Quote from: adaseb on June 04, 2024, 06:12:29 PM

I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

Quote

https://x.com/ftx_official

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

Until the under fire company, FTX, does fulfill its promise to pay back what was lost or scammed from its customers, there will remain an iota of lie and conspiracy behind such rumors.
It would be a good thing though as it would help to renew the faith that those who were affected have lost since the crash happened and I don't know if 118% is up to the fair market value of what the coins was worth then versus now, but am sure it will be worth much to who ever receives theirs as it would come as at a time when it is mostly needed.
Although, it would surely bolster the number of new customers on the blockchain network, willing to trade Bitcoin and other altcoins as well as invest in both long and short term basis.

electronicash

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Quote from: Bureau on June 04, 2024, 06:57:03 PM

I doubt there is another topic related to this new. If they are paying back with interest then it is a good news for FTX customers. Is there any particular date from when the payment will be sent or it is still in discussion and all other information will be informed later? I hope they do good to all those who lost their funds.

118% sounds good but they are offering fiat for the coins of the users.

i remember there is a thread about this. they may offer that 118% but at the rate of when the company collapses which means it could be that when BTC's price was $16000 + 18%. now that ain't for those creditors actually. what about just sending back 1BTC = 1BTC and not the fiat amount because that's exactly what they own to those users?

Hamza2424

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hmm, that's a piece of good news, but I have a couple of questions on it are they going to set criteria to pay users like some levels to pay users in particular levels and no refund to others, such as min cap and max cap per user, because there were some of my community users who lost their funds due to FTX, and its really great if everyone user is getting repaid obviously I won't support the interest value in it due to some reasons but maybe there can be some exception for hcih I'm not sure.

Hmm, honestly I don't think it is going to be an easy setup plan but if they are giving hope, that's appreciatable action, because many people lost their life savings in that crisis. hoping for good.

_Thabks OP as well.

SamReomo

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Quote from: BABY SHOES on June 05, 2024, 04:38:49 AM

FTX customers who were victimized may be happy with this news, but when will FTX pay for it? Is it just a promise that will continue to be delayed?
In fact, I don't think they will pay anytime soon.

I agree with you, the news will make the victims of FTX fraud happy and they will have some hope that they may get their funds back and surely that 18% extra would make them even more happy.

But, I also think that such news is just news and nothing like this could be done easily. I believe in order to pay the victims they will have to do a lot of things and they need funds to do that.

I agree that they will keep delaying the refunding promise and will continue to make the victims hope that they will get their funds back but as long as we won't see the victims getting refunds then it's not wise to believe such promises.

BABY SHOES

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Quote from: adaseb on June 04, 2024, 06:12:29 PM

I apologise if there is already an active thread on this but I couldn't find one.

I know of two threads about FTX that are still active.
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash
Re: [Updated] FTX

Paying back customers with 118% is too good to be true, so this is a fairly short return as we know Mtgox took a long time and until now it has not been realized, when there is a transfer of assets it becomes hot news.

FTX customers who were victimized may be happy with this news, but when will FTX pay for it? Is it just a promise that will continue to be delayed?
In fact, I don't think they will pay anytime soon.

armanda90

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Its not trues and I doubt with FTX exchange will refund above 118% for each their costumer, its seems impossible source behind their social media not update yet and forget with refund if you have assets in FTX exchange. Impossible for exchange have been bankrupt and scam will refund for their member and many cases before all exchange never guarantee refund. You can check before FTX collapse have Mt.Gox who got scam and they have promised almost several years later refund the member assets until right now never sending back yet.

Its crucial problem with exchange have been collapse or scam and most of developer run away without responsibility for refunding the member assets, its difference with exchange want to close their operation and giving opportunity with their user withdrawing assets and take more than three until four months later to member get withdraw their fund.

Forget all issue or rumor with FTX will repay your fund.

Topic: FTX will repay everybody 118% back - page 2. (Read 387 times)