FTX’s bankruptcy estate has been holding customers’ bitcoin that has quadrupled, yet it will only repay about $16,871 per coin. The post Bitcoin is worth $69,000 — unless you’re an FTX creditor appeared first on Protos.
FTX’s bankruptcy estate has been holding customers’ bitcoin that has quadrupled, yet it will only repay about $16,871 per coin. The post Bitcoin is worth $69,000 — unless you’re an FTX creditor appeared first on Protos.
That was definitely incredibly sus but not something I would expect the average person mostly unfamiliar with finance and cryptocurrency to identify as a red flag and not an “innovation”, especially before the cascade of disasters related to various schemes of this type.