Big news about FTX, a cryptocurrency company that went bankrupt! Many people lost their money, some even their life savings. It was a really tough time for them, with some experiencing severe emotional distress. Now, FTX is starting to pay back the people who lost money.
- FTX is returning money to those who lost up to $50,000.
- They are giving back 100% of the money plus extra interest.
- Many people formed a support group to help each other cope.
- The bankruptcy made people think differently about keeping their cryptocurrency in safe places.
| Fact | Number |
|---|---|
| Amount returned to those who lost up to $50,000 | 100% + 9% interest |
| Total repayments planned by FTX | Over $17 billion |
| Approximate Bitcoin price at FTX bankruptcy | $16,000 |
| Approximate Bitcoin price now | Over $95,000 |
