FTX 客戶將於 2025 年初獲得退款，索賠金額不超過 50,000 美元

FTX 陷入困境已經兩年了，客戶在隧道盡頭看到了曙光。他們將於 2025 年初收回資金

Customers of the collapsed cryptocurrency exchange FTX will begin to get their money back in early 2025, starting with those with claims of US$50,000 or less.

倒閉的加密貨幣交易所 FTX 的客戶將於 2025 年初開始收回資金，首先是索賠金額不超過 5 萬美元的客戶。

This includes customers around the world, although it had been estimated that 30,000 or so were in Australia.

其中包括世界各地的客戶，但估計約有 30,000 名客戶來自澳洲。

But before we go into further details, how did we get to this point?

但在我們進一步討論細節之前，我們是如何走到這一步的？

The story of FTX

FTX的故事

FTX was founded in 2017 by Sam Bankman-Fried (often called SBF) and Gary Wang. The exchange quickly grew to become a major player in the cryptocurrency market, offering a platform for trading various digital assets.

FTX 由 Sam Bankman-Fried（通常稱為 SBF）和 Gary Wang 於 2017 年創立。該交易所迅速成長為加密貨幣市場的主要參與者，提供了交易各種數位資產的平台。

FTX gained popularity due to its user-friendly interface, innovative products, and aggressive marketing efforts, including high-profile sponsorships and partnerships (like with the Miami Heat’s arena that got renamed FTX Arena).

FTX 因其用戶友好的介面、創新的產品和積極的營銷努力而廣受歡迎，包括高調的贊助和合作夥伴關係（例如邁阿密熱火隊的球館更名為 FTX Arena）。

FTX’s success was built on a combination of retail and institutional clients, and it was often seen as a more trustworthy alternative to other exchanges. SBF himself was widely regarded as a rising star in the crypto space, known for his public advocacy for cryptocurrency regulation and his charitable donations.

FTX 的成功建立在零售和機構客戶的結合之上，它通常被視為比其他交易所更值得信賴的替代方案。 SBF 本人被廣泛認為是加密貨幣領域的後起之秀，以公開倡導加密貨幣監管和慈善捐贈而聞名。

But then it all went pear-shaped.

但後來一切都變成了梨形。

The collapse of FTX began with a report from CoinDesk in November 2022, which revealed that FTX’s sister trading firm, Alameda Research, held a large amount of FTX’s own native token, FTT, as collateral for its assets.

FTX的崩盤始於2022年11月CoinDesk的報告，該報告披露FTX的姊妹交易公司Alameda Research持有大量FTX自己的原生代幣FTT作為其資產的抵押品。

This raised concerns about the liquidity and solvency of both FTX and Alameda, as it suggested that the companies were closely intertwined and dependent on the value of the FTT token, which could be manipulated.

這引發了人們對 FTX 和 Alameda 的流動性和償付能力的擔憂，因為這表明這兩家公司緊密相連並依賴 FTT 代幣的價值，而 FTT 代幣的價值可能被操縱。

As more details emerged, it became clear that FTX and Alameda had engaged in risky financial practices, such as using customers’ money to fund risky trades and lacking basic risk controls.

隨著更多細節的浮出水面，人們發現 FTX 和 Alameda 參與了高風險的金融行為，例如利用客戶的資金為高風險交易提供資金，並且缺乏基本的風險控制。

The situation rapidly deteriorated when Binance, the world’s largest cryptocurrency exchange, announced it was selling its holdings of FTT due to concerns over FTX’s financial health.

當全球最大的加密貨幣交易所幣安宣佈出於對 FTX 財務狀況的擔憂而出售其持有的 FTT 時，情況迅速惡化。

This caused a panic among FTX customers, leading to a bank run – where a bank collapses as customers run to withdraw their money, leaving the bank insolvent.

這引起了 FTX 客戶的恐慌，導致銀行擠兌——當客戶跑去提取資金時，銀行倒閉，導致銀行資不抵債。

This incident shockwaves through the cryptocurrency ecosystem, leading to a significant loss of investor confidence.

這起事件衝擊整個加密貨幣生態系統，導致投資者信心大幅喪失。

Several other companies that had exposure to FTX, like BlockFi, Genesis, and Voyager Digital, also faced financial difficulties or bankruptcy.

其他幾家接觸過 FTX 的公司，如 BlockFi、Genesis 和 Voyager Digital，也面臨財務困難或破產。

Sam Bankman-Fried was arrested in the Bahamas and extradited to the United States. Authorities alleged that he orchestrated a massive fraud scheme that misled investors, customers, and regulators.

薩姆·班克曼-弗里德在巴哈馬被捕並被引渡到美國。當局指控他精心策劃了一場大規模詐欺計劃，誤導了投資者、客戶和監管機構。

Bankman-Fried denied the charges and pleaded not guilty to most of them, but was found guilty and sentenced to 25 years in jail. The court found he stole a total of US$8bn.

班克曼-弗里德否認了這些指控，並對其中大部分指控表示不認罪，但最終被判有罪並被判處 25 年監禁。法院認定他總共偷了 80 億美元。

Customers are getting their money back

客戶正在拿回錢

After the bankruptcy filing, FTX began liquidating its assets, including subsidiaries. The exchange’s assets were found to be in disarray, with records of poor accounting, missing funds, and potentially fraudulent transactions.

申請破產保護後，FTX 開始清算其資產，包括子公司。該交易所的資產被發現混亂不堪，有糟糕的會計記錄、資金缺失以及潛在的詐欺交易。

There were doubts as to whether or not customers get anything.

有人懷疑顧客是否有得到任何東西。

Investors who instigated a withdrawal in Australian dollars were eligible for an easy process here. But those who traded crypto-to-crypto had to wait to see what happened with the case in the USA.

發起澳元提款的投資者可以在這裡享受簡單的流程。但那些進行加密貨幣交易的人必須等待美國案件的進展。

Over the months, administrators found US$4.4bn in cash from the 100+ companies in the collapsed empire, but were able to obtain more money as the price of Solana (a crypto heavily held on FTX’s balance sheet) increased.

幾個月來，管理人員從這個崩潰帝國的100 多家公司中發現了44 億美元現金，但隨著Solana（FTX 資產負債表上大量持有的加密貨幣）價格上漲，他們能夠獲得更多資金。

And so it now has US$14.7-16.5bn to repay its customers and other debtors. And as we mentioned above, those with claims below US$50,000 will be first. Crypto firms Kraken and BitGo will help with the process.

因此，它現在有 147-165 億美元來償還客戶和其他債務人。正如我們上面提到的，那些索賠金額低於 50,000 美元的人將是第一位的。加密貨幣公司 Kraken 和 BitGo 將有助於完成這一過程。

Mr. Wonderful seen chasing a $20 bill after losing all his money in FTX. byu/Straight-Air-1940 inwallstreetbets

Wonderful 先生在 FTX 失去所有資金後正在追逐一張 20 美元的鈔票。 byu/Straight-Air-1940 inwallstreetbets

It must be noted that repayment calculations are based on the US dollar-value of deposits as at the time of the collapse. Back then, bitcoin was at the bottom of a bear market, at just US$17,000. Now it is over US$100,000.

必須指出的是，還款計算是基於崩潰時存款的美元價值。當時，比特幣正處於熊市底部，僅 17,000 美元。現在已經超過10萬美元了。