ETH holders in FTX stand to gain $2.5k as repayments start Feb. 18

Traders who own Ethereum in their FTX holdings should earn $ 2,500 while FTX reimbursements for its Bahamas creditors are starting this month.

The FTX reimbursement plan, provided for to start On February 18, will reimburse the entire complaints from creditors, including interest, via Bitgo. However, customers will not be able to make additional profits from current market prices for their Ftx Holdings, because the reimbursement plan will reimburse Crypto Holdings in accordance with the prices of November 2022.

This means that traders who held Bitcoin (BTC) In the EXCHANGE Crypto, now chutinated, will only receive a reimbursement of $ 20,000 per Bitcoin for 98% of its users, like a Crypto merchant job.

Today, Bitcoin has delimited its market price at almost five times in 2022. At the time of writing the editorial time, Bitcoin is negotiated at $ 97,988, increasingly increasing by 0.28% in the last 24 hours.

On the other hand, Ethereum (Ethn) Holders can push a sigh of relief while they earn $ 2,500 from their participations in FTX. Even if the price of Ethereum is today $ 2,698, a significant difference of almost $ 200 compared to its price of 2022, the loss is not as burning as for Bitcoin holders.

Many merchants on X have had mixed reactions on the creditors’ reimbursements. Most of them commented on how the price of Ethereum has remained relatively stable in the past two years, while Bitcoin has skyrocketed.

“They should have to pay the market value at the time of payment !!” said a user.

“Mixed news: BTC Recovery, ETH value remains stable,” said another user.

As before reported By crypto.News, the reorganization plans entered into force from January 3, which forced the reimbursements to the creditors to obtain within 60 days. Judicial files have shown that the late Crypto exchange has around $ 13 billion in payment reserves.

Although this may be the case, the succession has filed half the total amount of the disputed complaints. Consequently, the exact amount allocated to the reimbursements of Bahamas creditors remains unknown.

Giant Crypto FTX collapsed in 2022 led by the founder Sam Banke Frit. The platform surveys have revealed mismanagement and fraud of companies, which would have been orchestrated by bankers. He was finally found guilty of several accusations which led to the fall of the company and sentenced to 25 years behind bars.