April 25, 2025
Blockchain

Bankrupt Cryptocurrency Exchange FTX Plans to Return Money to Investors Whose Billions of Dollars Evaporated

  • December 18, 2023
  • 0

Cryptocurrency community -most of major fraud There was a new development regarding the FTX exchange, which signed one. Bloomberg of the bankrupt stock market He gave some remarkable

Bankrupt Cryptocurrency Exchange FTX Plans to Return Money to Investors Whose Billions of Dollars Evaporated

Cryptocurrency community -most of major fraud There was a new development regarding the FTX exchange, which signed one. Bloomberg of the bankrupt stock market He gave some remarkable information about how he plans to get out of this business.

According to information obtained, FTX, which has already filed for bankruptcy, to end bankruptcy decided. So how will he do this? Predictably, by returning investors’ money. What exactly will happen is not known at this time, but FTX is a billion dollars to be paid in cash It seems he will accept it.

The key issues regarding FTX remain unclear.

FTX will pay its debts

FTX’s plans are enormous for now to the unknown is host. For example, it is not known whether the stock exchange will function again. Also how to value some crypto assets unsure. Issues such as how much of the money FTX victims will receive remain unclear.

According to the information obtained, the judge overseeing the FTX case, John Dorsey, approved FTX’s agreement plan. can confirm. If something like this happens, the stock market will return investors’ money. However, there is an important point here. FTX’s assets are also generally crypto. If payment is made in cash, this is the case cryptos will have to be sold. We will all see what consequences this will have for the market.

Source: Web Tekno

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