Well now FTX is getting some bad responses for news about paying back its customers. Instead of paying them back at current crypto prices it will pay them back at much lower prices for the coins they owe to their customers.
Bitcoin price of $16,871, Ethereum price at $1,258, and Solana SOL at $16. Stablecoins usdt, tusd, and busd will be a few cents less then the $1 peg.
its such an asshole move coming from ftx, its always such deceptive move that they take for the sake of paying less, its not the customers fault that they can't use their money because its stuck in ftx wallet, ftx should be reimbursing with the current rate because reimbursing at price when it was still significantly lower is stupid thing, imagine if the price is dumping instead, would they still pay at the old rate or would they just give out the money in crypto.
this is why i would never ever gonna trust this shit exchange again they are just on another level when it comes to screwing up their customers even go such lengths to refuse to pay at the newest rate just because its beneficial for them, they could be reimbursing their all customers at the old rate maybe some people will be happy just because at least they got their money back but some people will definitely revolt, they deserve the money in crypto that they lost come back to be in form of crypto as well or if not at least at the newer rate.