Oh, what a tangled web we weave when bankruptcy strikes and creditors grieve! But fear not, dear creditors of FTX in the Bahamas, your time has come to bask in the glory of small victories. Payments, albeit modest ones, shall commence as early as February 18, for claims under $50,000. ๐๐ธ
Indeed, the sun rises on a new day for Bahamian creditors, while others must wait until March 4 to partake in the joy of receiving their due. ๐…
FTX: The Reimbursement Saga Begins ๐
A missive sent to the aggrieved creditors of FTX announced the dawn of a new era – the era of reimbursement. On February 18, at the ripe hour of 10 AM ET, payments shall flow like a river, albeit only for claims under $50,000. ๐ธ…
The chosen vessel for this grand distribution? None other than BitGo, the crypto custody platform, ready to play the role of the benevolent distributor. ๐ข…
โThe Joint Official Liquidators of FTX are thrilled to share that you have successfully navigated the bureaucratic labyrinth to be worthy of a distribution related to your Convenience Class claim. Your patience shall soon be rewarded.โ ๐ซ…
But let us not forget, dear reader, this bounty is reserved solely for the fortunate few in the Bahamas process. The rest must wait until March 4 to join the party. ๐…
Since FTX’s untimely demise in 2022, the crypto world has been in a state of limbo, waiting for the day when the lost cryptoassets would be returned. And return they shall, with a generous 9% interest per annum since November 11, 2022. ๐…
Alas, many questions remain, particularly for those outside the Bahamian paradise. But let us celebrate this milestone, for it marks a significant leap towards restoring faith in the crypto realm. ๐…
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2025-02-04 18:50