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News related to Crypto / Re: FTX has billions more than needed to repay bankruptcy victims
« on: Today at 05:49:28 PM »There's no chance for FTX to rebuild again after what happened, even if they return the funds of their investors and even include interest. I don't think these investors will come back to trust FTX again; they've caused a lot of miseries to their users and they also create distrust and disruption in the industry.
Investors have learned a lot from their experience from FTX and there will neve be another chance.
It has been said officially
Quote
An FTX lawyer said during a Wednesday hearing that plans for a re-launch of the exchange won’t come to fruition.https://www.theblock.co/post/275405/bankrupt-ftx-wont-be-restarting-but-former-customers-will-get-money-back-in-full
There's no doubt about it. When collecting payments for what's owed to you, it's always good to get something than nothing. If creditors will be getting back 118% up to 142%, then that's certainly better.But if Bitcoin goes to 30k, then there is nothing of that 142%
I am quite suspicious when the debtor promises the possibility of even more than what is expected of him, while there is no question of the possible risk that there will be no return or possibly only a smaller percentage.