๐ธ FTX Starts Paying Back โ But Is Your Country on the Blocked List? ๐ธ๐ฆ๐จ๐ณ ๐ท๐บ
Itโs real: FTX is now repaying creditors after two years of legal chaos.
๐ $5B+ in repayments is now in motion. Some users will even receive up to 118โ120% of their claim value in fiat (based on prices at the time of the collapse).
โ Payouts via Kraken and BitGo
๐ To qualify: KYC, tax docs, verified claims
But hereโs the twistโฆ
๐ซ Blocked regions (no payouts โ yet):
๐ธ๐ฆ Saudi Arabia
๐จ๐ณ China
๐ณ๐ฌ Nigeria
๐ฎ๐ท Iran
๐ช๐ฌ Egypt
๐ท๐บ Russia
โ ๏ธ Users from these countries canโt currently access payouts through the approved platforms โ even if their claims were approved.
๐ The numbers:
โ $14.7B to $16.5B raised for repayments
โ All in USD, fiat value at bankruptcy date
๐ง Why it matters:
โ FTX is setting a precedent for how failed exchanges might handle payouts
โ But it also shows how geopolitics can still freeze your crypto
โ Even decentralized believers need centralized bridges โ and they come with conditions
๐ What to do:
โ Stay updated via FTXโs official site
โ Monitor for announcements about alternative payout options
โ Double-check that your country isnโt on the list ๐ง