FTX creditors will get their payout soon

It looks FTX are finally going to pay out to the ceditors this year, I've read a couple articles about it and it looks like it will be soon.

FTX users will have to deposit that money in another exchange tho to be able to withdraw it or use it in general, there's a good amount of exchanges they can use out there so it shouldn't be an issue to them. Seems there will be a battle for those users between other exchanges but we'll see, some are even turning up with events

Yeah, I’ve been keeping an eye on the FTX creditor payout news too, and it’s about time, right? From what I’ve read, it looks like payouts are finally happening this year, which is a huge relief for those affected. But yeah, the whole “deposit into another exchange to withdraw” thing is a bit of a hassle. I think exchanges like Kraken, Coinbase, or Binance will probably be the go-to options for most people, they’re reliable and have solid liquidity.

I’ve also noticed some exchanges are already rolling out events or incentives to attract FTX users, which is smart. Personally, I’d go with an exchange that has strong security and low fees, but it’ll be interesting to see how this plays out. Either way, glad to see some resolution for FTX creditors, it’s been a long wait! ))

They’re getting ‘22 priced funds, BTC will be paid out at around 20K.

SoftPotato said:

It looks FTX are finally going to pay out to the ceditors this year, I've read a couple articles about it and it looks like it will be soon.

FTX users will have to deposit that money in another exchange tho to be able to withdraw it or use it in general, there's a good amount of exchanges they can use out there so it shouldn't be an issue to them. Seems there will be a battle for those users between other exchanges but we'll see, some are even turning up with events

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I have been curious about what happened to FTX users who lost their funds and the case's final judgment. The FTX news came in as a blow then to the entire industry and started the protection fund trend making exchanges more serious about users' assets. It would be great if more exchanges followed Bitget's direction in this.