TL;DR
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Should you misplaced cash in FTX, we now have some excellent news, and a few unhealthy information.
The excellent news is:
The property claims that 98% of collectors ought to obtain no less than 118% of allowed claims in money inside 60 days of their payout plan coming into impact.
Translation: you ought to be getting your a refund, plus a bit additional on prime.
In actual fact, the FTX property at the moment estimates that after all the property that has been collected has been transformed to money — the quantity out there for distribution can be between $14.5B and $16.3B.
(For context — when FTX went kaput, the agency misplaced an estimated $8B in buyer funds).
The unhealthy information is:
Collectors can be receiving their payouts in money
…so should you had a bunch of crypto that has since appreciated greater than 118% — like for instance: BTC, which has elevated ~300% since FTX went below…
Then you definitely’re going to be taking a loss.
Not nice. However higher than nothing.