Krutika Adani
FTX was ordered to pay $8 billion in reimbursement and $4.7 billion in compensation after its assets were liquidated by the bankruptcy court.
However, some investors complain that since the value of crypto has risen much above what they were in 2022, the current compensation seems undervalued.
At the time of the crash Bitcoin was at $16k, and this is the amount users would receive for every lost Bitcoin. However, at the time of resolution, BTC grew to $61k, making it grossly unfair for users who lost their funds in the 2022 collapse.
The FTX case has finally neared its complete resolution with only the large investors and authorities left to be paid.
FTX executives Sam Bankman-Fried and Caroline Ellison were sentenced to 25 and 2 years respectively by the courts for their actions which led to the exchange’s collapse.