FTX customers may get their money back

FTX is a crypto exchange that has filed for bankruptcy. There have been lot of manipulated activities with this exchange. This is one of the exchange that was doing good for this update however because the exchange was using user funds so it turn out to be a very bad situation in which many people lost their hard earned money. Because they change had already filed for the bankruptcy would you chapter 11 but no there is good news for those users as the exchange will be paying them their funds.

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There is a cat that the capital amount will be paid and they will be no increase paid to the users but at least this is good because they are going to get they are base money. Hindi situation when it is hard to expect the money to come back but at least they have change paying which I think is a great move because at least people are getting something out of it which makes a difference.

According to a press release filed Tuesday by FTX, which is going through reorganization, 98% of FTX creditors, including individual investors, who had $50,000 or less with the company will receive the funds they lost, in cash, within 60 days of a reorganization plan going into effect.

Undoubtedly the government is being great work because they have worked in such a way that these founders are going through hard time and this is why they are returning the money which I think is also a good example set up in the market. I hope everyone gets the money even with no increase also fine because at least getting the seed money is something that they will be getting it soon.

I have never used this exchange however I was planning to create account. The exchange also had its native token called ftx and its price was nice so I was planning to get registered and invest on the token but luckily I did not do and later this incident happened. Sometimes a delay can be a good decision and my case I did the same so I am happy that I was able to save my money.

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