How many "cents on the dollar" will FTX international clients get back?

Plus

Ṁ17k

2041

98%

chance

ALL

Yes = Higher %
No = Lower %

This resolves on official news outlets and/or official FTX announcements.

If there are substantial differences in sources regarding the official % or if certain international customers receive different % depending on how much money they held, etc, I will resolve the market in good faith to whatever feels more appropriate (which could be N/A). For example, the average % returned for international customers or the % returned for investors who held less than 500K.

I also have an FTX International account with BUSD in it, so I hope to see, first hand, what % is returned.

#Economics

#Crypto Prices

#FTX Insolvency Crisis

#FTX

Get

1,000

and

1.00

5 Comments

Sort by:

I don't unsdertand the options at all. Higher or lower than WHAT?
Higher or lower than $0.50 cent on the dollar or WHAT?
Also "the dollar" needs to be defined. since a lot of the holdings were in crypto, so I suppose these holdings will be even estimated to be X dollars at X time.

@nixtoshi The idea is that if people are repaid $0.80 for every dollar they held on FTX, this market resolves to 80%. US bankruptcy law references the dollar value of customer accounts at the time of bankruptcy, so even though this wasn't specified at the time, it seems the most natural resolution I think.

Assuming this resolves according to "cents on the dollar" valued at the time of filing bankruptcy, i.e. if BTC goes up/down it doesn't affect the "cents on the dollar" figure. (As is normal for all crypto bankruptcies.)

Selling all my shares to resolve impartially eventually.

Related questions

Related questions