The FTX collapsed was painful for many creditors, causing mental distress and emphasizing the risks of maintaining encryption on central exchanges.
The beginning of FTX payments for creditors on February 18 is the beginning of the end of the epic that shook the encryption community to its essence. The creditors were among those who felt the collapse of the stock exchange, some of whom saw the savings of their lives, intended for home purchases and children’s education, fading overnight with the collapse of the encryption empire.
The nightmare of some of these creditors will come with the start of payment. It is expected that those who have lost up to $ 50,000, known as the “comfort category”, will receive 100 % of their claim amount in addition to the bankruptcy exchange.
However, the damage exceeds the payment of financial losses. The savings of our lives have been stolen overnight. […] We have allocated [funds] To buy homes, teach children. Many were depressed, suicide bombers and panic attacks. […] “I heard at least three suicide cases.” Many FTX creditors are left in large debts, and they get loans to cover the cost of living. ”
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