According to the latest news from the US hearing, bankrupt cryptocurrency exchange FTX has announced that it will fully compensate its encrypted customers and will also abandon the restart of its exchange business.
(Prior summary:
FTX sells cryptocurrency assets wildly? Cash reserves doubled to 4.4 billion pounds within 3 months! Hoping to raise money to repay users.)
(Background supplement:
FTX claims hearing scheduled for 1/25! Creditors optimistic about “possible direct compensation” as the compensation rate increases to 80%.)
The latest liquidation progress of bankrupt cryptocurrency exchange FTX has been reported by TreeNews. According to the latest news from the court hearing, FTX Exchange is expected to fully pay the compensation fees to its customers in the bankruptcy settlement. The lawyer also stated that FTX will abandon the restart of its cryptocurrency exchange as there are no buyers.
FTT plummets by 10%
The market was previously optimistic about FTX restarting its exchange. However, due to the news released during the hearing that FTX will abandon the restart of the exchange, FTX’s platform token FTT plummeted from around $3 to $2.29 within 10 minutes, experiencing a short-term decline of more than 25%.
Image source: CoinGecko
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