They have also received more than 280 emails from customers desperate for information about their accounts and investments, according to documents filed in the Supreme Court of Victoria on Tuesday.
after traders pulled $US6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.The affidavit from KordaMentha administrator Scott Langdon said they estimated 29,234 separate customers “may have lost significant property” of which the “recoverability and current value is yet to be determined”.
“That is reflected in correspondence that we have received from customers where there has been an undertone of expectation that property or funds will be returned promptly, even though this is unlikely to be the case in this complex voluntary administration.” “We have not yet been able to determine who has the beneficial entitlement to the funds that were held in the bank accounts. We are conscious of the need to preserve these funds until it can be determined as to who is beneficially entitled in circumstances where they may be subject to third-party claims.”
They won’t be seeing their money. FTX gave the democrats $40m so he’s protected. They don’t give a shit about you
Let me say that, based on previous experience and observations, in this situation, the investors will end up with nothing, and all recovered funds will either end up with the banks or administrators. I feel for the investors, but I doubt they will see 1 cent back.
Hmm, hard to feel to much sympathy.. Apologies to those of whom have lost savings, but in saying that not 1 cent of savings should have ever been punted on crypto...
Cold wallets. Problem solved.
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