Coin

<ul>
 <li>According to Martin Folb, the current FTX handlers need to clarify their handling of the bankruptcy process.</li>
 <li>Folb believes more funds are circulating within the FTX system than the current managers are paying to affected victims.</li>
 <li>The influencer noted that FTX managers sold SOL for between $50 and $100 but paid creditors $18 per SOL.</li>
</ul>
According to Martin Folb, a cryptocurrency influencer who goes by as MartyParty on X (formerly Twitter), the managers of the <a href="https://coinedition.com/tag/ftx-news/" rel="noopener noreferrer nofollow">FTX</a> estate need to provide more clarity on their handling of the bankruptcy process. Folb believes more funds are circulating within the FTX system than the current managers are paying to affected victims.
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 So if <a href="https://twitter.com/FTX_Official?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FTX_Official</a> current management and bankcrupcy people are paying creditors $18 a <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> but they sold it for $50-100 where does the difference go? Where is that money? I think its billions of dollars?<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" style="height: 1em; max-height: 1em;"> The lawyers are making $40m a day in fees. Are they paying themselves…— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1754543317726154811?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 5, 2024</a>
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In a recent post on X, Folb noted that FTX’s current managers and bankruptcy handlers are paying creditors $18 per SOL. However, they sold their SOL tokens for between $50 and $1…
The post <a href="https://coinedition.com/ftx-estate-paying-creditors-18-per-sol-while-selling-for-up-to-100/" rel="noopener noreferrer nofollow">FTX Estate Paying Creditors $18 Per SOL While Selling For Up to $100</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX Estate Paying Creditors $18 Per SOL While Selling For Up to $100

Coin Edition

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