🚨 FTX Clients to Receive 10-25% of Deposited Crypto 🚨
Confusion reigns as FTX announces clients will get back only 10-25% of their deposited crypto assets. This valuation is based on the rate at the time of bankruptcy filing. Additionally, FTX shareholders will receive 18% of DOJ forfeiture funds, capped at $230M.
Key Points:
- Compensation plan still under court review.
- Payments for claims under $50K may start late 2024; larger claims in 2025.
- FTT token surged 113% amid the news but later corrected.
What are your thoughts on this compensation plan? Share in the comments! 💬