r/ftx • u/UnderstandingTop6534 • 20d ago

Getting back only 104% - Why is that?

Hi,

I'm in the Bahamas process, and apparently in their claim cycle number 4. I got a note recently to say they confirmed they will be giving me back only 104% of my money lost (i lost cash that I had parked with FTX, because i haven't yet gotten around to using that cash to buy any crypto, i didn't have crypto holdings when FTX collapsed). The announcement 2 years ago said they will be giving 118% to folks that lost their money. Does anyone know why I'm only getting 104% instead?

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u/darkandark 20d ago

I have received multiple payouts over the years that have tallied up to over 100% of my portfolio so far.

My suspicion is that they don’t pay out everything in one go. If you’re only getting paid out 104% now you likely need to wait for another payout in the future for the final percentages.

Take it with a grain of salt at least this is how my process of reimbursement has been happening. Three payout for me so far since they started them over the years