Smilezcryt Posted February 19, 2025 Posted February 19, 2025 After a long wait, FTX has finally started repaying users who lost their funds when the exchange collapsed. Some might feel it’s too late, but honestly, I’m just grateful that people are finally getting their assets back. In a way, this could even help restore some trust in centralized exchanges (CEXs) moving forward. Here’s how the payout plan works: 1 BTC = $18,000 (2022 price) 1 ETH = $2,500 1 SOL = $15 Other tokens follow the same rule—payouts are in USD, not crypto. Payments are being processed through multiple CEXs, including Bitget, which is offering up to $2,500 in rebates for FTX creditors—those who had funds locked on the platform. So, are you eligible for a refund? Which exchange are you using?
TatumCombs Posted March 18, 2025 Posted March 18, 2025 (edited) Looks like the repayments are mainly for users who had funds stuck in FTX before the collapse. If your claim was approved and you’ve gone through the verification steps, you should be in line for repayment. I’d recommend keeping an eye on updates from coinpaper.com since they cover these kinds of processes and can alert you if anything changes in the distribution timeline. Edited March 19, 2025 by TatumCombs
SinceGiles Posted March 18, 2025 Posted March 18, 2025 If you had funds stuck, check your email and account for updates. Some people have already received repayment details. Make sure your contact info is up to date to avoid issues.
Vennpaul Posted April 11, 2025 Posted April 11, 2025 To check your eligibility for a refund, you'll need to verify your status as a creditor and see which exchange you were using. If you're on platforms like Bitget, you might also benefit from their rebates for FTX creditors.
emma2006 Posted March 4 Posted March 4 The FTX repayment program has officially begun, and many users are wondering if they are eligible to participate. mr flip
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