INTEL: FTX is set to start compensating creditors with claims exceeding $50,000 from May 30, utilizing its $11.4 billion in cash reserves.
However, the valuation of cryptocurrency claims will be based on the prices from November 11, 2022, resulting in creditors receiving roughly 20% of Bitcoin’s present market value, even though its price has surged fivefold since that date.
However, the valuation of cryptocurrency claims will be based on the prices from November 11, 2022, resulting in creditors receiving roughly 20% of Bitcoin’s present market value, even though its price has surged fivefold since that date.
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