Cryptocurrency Q&A
What happens to my FTX coins?
What happens to my FTX coins?
SamuraiWarrior
Fri Jun 28 2024
|
6 answers
926
As a concerned investor in the crypto space, I'm wondering about the current situation with FTX and the fate of my coins. With the recent turmoil and liquidity issues, I'm understandably anxious about the safety and value of my FTX holdings. Can you provide a clear and concise update on the status of withdrawals, deposits, and trading activities on the platform? Are there any plans for restructuring or a potential bailout? I'm also curious to know if there's any chance of recovering any lost value or if there are alternative exchanges I should consider moving my coins to? Any insight or advice would be greatly appreciated.
6 answers
CryptoTitan
Sun Jun 30 2024
However, it is important to note that this plan still requires approval from a US bankruptcy court.
Was this helpful?
240
45
CryptoSavant
Sun Jun 30 2024
FTX has announced that 98% of its creditors will be reimbursed for their losses.
Was this helpful?
102
76
ShintoBlessed
Sun Jun 30 2024
This includes individual investors who had deposits of US$50,000 or less with the cryptocurrency exchange.
Was this helpful?
235
23
RainbowlitDelight
Sun Jun 30 2024
According to the announcement, the affected creditors will receive the funds they lost in cash.
Was this helpful?
48
99
Silvia
Sun Jun 30 2024
The payments are expected to be made within 60 days of a reorganisation plan going into effect.
Was this helpful?
211
60
Load 5 more related questions
