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FTX Expects Full Reimbursement for Clients

During a court hearing, FTX lawyers declared their expectation of fully reimbursing their cryptocurrency exchange clients.

Abandonment of FTX 2.0 Project?

The company also announced that it has abandoned its plan to relaunch its cryptocurrency exchange after no serious buyers showed interest. One can also speculate that the recent surge in cryptocurrency prices played a significant role in this decision.

Though this is great news for those who had accounts with FTX, it’s important to note that the reimbursements will be made in dollars at November 2022 prices, which are significantly lower than current prices for many cryptocurrencies.

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