FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

FTX pledges full customer reimbursement but announced no plan to restart the platform. 
FTX’s native token, FTT, surged then sharply declined in response to the restitution plans.
FTX, the troubled cryptocurrency exchange under the leadership of Sam Bankman-Fried, has announced its intention to entirely reimburse customers and creditors affected by its bankruptcy proceedings. The company assured the judge overseeing the case that individuals who can substantiate their losses are poised to recover their entire investments.
However, the prospect of full asset recovery comes with a red flag. The reimbursement values are pegged to the point of FTX’s official declaration of bankruptcy, a period marked by volatile market conditions. This condition, endorsed by U.S. Bankruptcy Judge John Dorsey, highlights the complexity of the situation.
NO FTX 2.0?
Andrew Dietderich, a legal representative, emphasized the strict scrutiny required to discern legitimate claims among the many submissions.

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