
peicaili|Aug 25, 2025 23:08
Got the compensation money from FTX, and while I'm happy, I still feel a bit regretful. Back when FTX stopped withdrawals, I made a bold move. At the time, I figured either FTX would go bankrupt and the money would be gone forever, or FTX wouldn't collapse and its platform token would skyrocket. So, I converted most of my funds into FTX's platform token.
Turns out, the final outcome was that FTX did indeed go bankrupt, but the funds inside were reimbursed at 100% of their USD value... and I only got back 30%.
Feels like I applied my past experience with domestic exchanges and investment platforms going under directly to FTX, not realizing that under the U.S. legal framework, compensation was actually possible. Of course, we also have the bull market to thank—otherwise, the reimbursement rate wouldn't have reached 100%.
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