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News related to Crypto / Re: FTX has billions more than needed to repay bankruptcy victims
« on: May 10, 2024, 01:28:44 PM »It's unexpected good news, although i hope all of it actually goes to the FTX victim. After all, the victim gain some stress and spend decent time to fill report of their losses. Your opinion is greatly appreciated.
When the market enter bear market, the money that was calculated that was loss from FTX exit was almost $8B but with the way the market has revive and has grown close to the previous all time high, it the market doesn't collapse, they should be able to make back the losses for creditors, atleast pay back people their money.
However, there is a challenge, people who hold coins on FTX exchange would want to have an equivalent money in quantity of coins and not in the amounts it worth before the collapse but if I'm a victim of FTX, I will rather accept the amount than wait for the quantity. I will sell into usdt and buy back when the market fall later in the future.