Topic: FTX will repay everybody 118% back - page 3. (Read 406 times)
I have heard this news recently and also nla while ago but 18% is something new and if they really do it then surely they can win back their customer's trust but not to a complete extend but this will help them secure the brand image. But, will they really do it? There will be lot of process involved right from validating the claim and most of them sold out when it was close to zero and I don't think this 118% will be for everyone as mentioned in one of the article as they have to provide the details. Again if it happens it would be better since people lost a lot.
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
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.
I read this news a while ago, maybe about 2 weeks ago if I am correct, but I never gave it much thought until it happened "because seeing is believing." I sounded that way because Mt. Gox will always be my reference point, it is one promise over the other for so long, so I will only believe what I see with FTX.According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official
Quote
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.
However, if they are able to pay, it will be very lovely, and it would mean that if not for the exposure of SBF by CZ, he would have been able to manage his way out though and everything would have been fine with FTX. Though I am not in support of his actions, but still, companies always have their sh*ts, only that they know how to cover it up more than each other and the magnitude of their ugliness varies.
Above all, a special thanks to SOL and the wisdom of FTX to invest massively in it. If not, I wonder how they would be able to achieve what they are planning this soon.
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
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.
What I actually think about this is that if their is any symptom of truth about this, then am going to say it's definitely a welcome development, because the bankruptcy of ftx really hit most investors really hard, but I don't think this upcoming gesture will change the minds of everyone towards them, because once trust is broken, sorry means nothing, so I don't see them entering into the good books of everyone that was of victim of the bankruptcy regardless of, if they pay this 118% they are actually talking of or not.According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official
Quote
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.
Lastly, due to the bankruptcy of Ftx in 2022, their are some people that lost their life savings, and because of that, some of them even loss their life, due to high bp, so how are they going to rewrite their wrong on those that are already dead due to the bankruptcy? Let just watch and see how it goes, if their is actually any truth in this news, since no date has been fix for it to commence.
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.
I could not get any concrete answer on the time line. Some posters are saying end of June or early July but I can’t find a quote from the bankruptcy counsel to verify it.
If it’s really going to be June then it’s crazy how it took MtGox so long to pay out their claims.
Also keep in mind this is money which was tied to crypto prices in nov 11 2022. So if you had BTC or ETH you are getting only $16K for each bitcoin instead of the $70K. So the 18% extra isn’t really going to cut it. Best for those which held mostly stablecoins.
That's nice.
Those that have waited for this are surely satisfied and can't say a thing anymore other than just give their money back.
After this claim procedure, I'm not just sure if people will still trust them but maybe with this action that they did. Maybe they will but it won't be as big as before.
It's so hard to reclaim the trust of anyone especially if money is involved.
Those that have waited for this are surely satisfied and can't say a thing anymore other than just give their money back.
After this claim procedure, I'm not just sure if people will still trust them but maybe with this action that they did. Maybe they will but it won't be as big as before.
It's so hard to reclaim the trust of anyone especially if money is involved.
The 18% extra is an interest that they are adding.
"18% extra" Making something good from a bad situation, not bad FTX this could work!
18% extra interest is their trick to soften their guilty. In reality people who were customers of FTX exchange and stored cryptocurrency on that exchange before and at the time it collapsed, announced its bankruptcy, will still have massive losses even they will be repaid by FTX.Because according to news I read, they will not repay their customers will exact number of cryptocurrency stored in their customers at the snapshot time of exchange bankruptcy. The number and value of portfolios used for the repayment is equal value in fiat currency.
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.
"18% extra" Making something good from a bad situation, not bad FTX this could work!
But with the long wait by their customers..I honestly don't think the extra cash(coins) could help them regain their trust..I know it's a longshot that will work or collapse and as human's we tend to forget easily
and with a little financial incentive as an apology 
FTX could have a shot at pulling a comeback but this will take some serious investment in trying to win back people's trust as most have moved on to new exchanges as we always have options on the market!
Just hope this FTX move helps people regain trust in crypto and probably give the markets a green day for this news
But with the long wait by their customers..I honestly don't think the extra cash(coins) could help them regain their trust..I know it's a longshot that will work or collapse and as human's we tend to forget easily
and with a little financial incentive as an apology FTX could have a shot at pulling a comeback but this will take some serious investment in trying to win back people's trust as most have moved on to new exchanges as we always have options on the market!Just hope this FTX move helps people regain trust in crypto and probably give the markets a green day for this news
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.
For those who have possible claims, better secure your credentials and other details that you think may be important in getting your funds back. Though it is hard to know the timeline of this claim, if they will be true to their arrangement, better be ready rather than regret when it is already too late to remember your details. It is common knowledge that proceedings like this would take time, just look at how cryptopia hack has been handled. But they have claim portal login and said to be running up until this year. So yeah, better secure your ftx details before you forgot all about it.
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.
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
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.
According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official
Quote
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.
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