FTX 客户将于 2025 年初获得退款，索赔金额不超过 50,000 美元

自 FTX 陷入困境以来已经两年了，客户在隧道尽头看到了曙光。他们将于 2025 年初收回资金

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.

倒闭的加密货币交易所 FTX 的客户将于 2025 年初开始收回资金，首先是索赔金额不超过 5 万美元的客户。

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户，但据估计约有 30,000 名客户来自澳大利亚。

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

但在我们进一步讨论细节之前，我们是如何走到这一步的？

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（通常称为 SBF）和 Gary Wang 于 2017 年创立。该交易所迅速成长为加密货币市场的主要参与者，提供了交易各种数字资产的平台。

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 因其用户友好的界面、创新的产品和积极的营销努力而广受欢迎，包括高调的赞助和合作伙伴关系（例如迈阿密热火队的球馆更名为 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机构客户的结合之上，它通常被视为比其他交易所更值得信赖的替代方案。 SBF 本人被广泛认为是加密货币领域的后起之秀，以公开倡导加密货币监管和慈善捐赠而闻名。

But then it all went pear-shaped.

但后来一切都变成了梨形。

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的崩盘始于2022年11月CoinDesk的一份报告，该报告披露FTX的姊妹交易公司Alameda Research持有大量FTX自己的原生代币FTT作为其资产的抵押品。

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.

这引发了人们对 FTX 和 Alameda 的流动性和偿付能力的担忧，因为这表明这两家公司紧密相连并依赖于 FTT 代币的价值，而 FTT 代币的价值可能被操纵。

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.

随着更多细节的浮出水面，人们发现 FTX 和 Alameda 参与了高风险的金融行为，例如利用客户的资金为高风险交易提供资金，并且缺乏基本的风险控制。

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.

当全球最大的加密货币交易所币安宣布出于对 FTX 财务状况的担忧而出售其持有的 FTT 时，情况迅速恶化。

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.

这引起了 FTX 客户的恐慌，导致银行挤兑——当客户跑去提取资金时，银行倒闭，导致银行资不抵债。

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

该事件冲击整个加密货币生态系统，导致投资者信心大幅丧失。

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

其他几家接触过 FTX 的公司，如 BlockFi、Genesis 和 Voyager Digital，也面临财务困难或破产。

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.

萨姆·班克曼-弗里德在巴哈马被捕并被引渡到美国。当局指控他精心策划了一场大规模欺诈计划，误导了投资者、客户和监管机构。

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-弗里德否认了这些指控，并对其中大部分指控表示不认罪，但最终被判有罪并被判处 25 年监禁。法院认定他总共盗窃了 80 亿美元。

Customers are getting their money back

客户正在拿回钱

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.

申请破产保护后，FTX 开始清算其资产，包括子公司。该交易所的资产被发现混乱不堪，存在会计不善、资金丢失和潜在欺诈交易的记录。

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

有人怀疑顾客是否得到任何东西。

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.

发起澳元提款的投资者可以在这里享受简单的流程。但那些进行加密货币交易的人必须等待美国案件的进展。

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.

几个月来，管理人员从这个崩溃帝国的 100 多家公司中发现了 44 亿美元现金，但随着 Solana（FTX 资产负债表上大量持有的加密货币）价格上涨，他们能够获得更多资金。

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，它现在有 14.7-165 亿美元来偿还客户和其他债务人。正如我们上面提到的，那些索赔金额低于 50,000 美元的人将是第一位的。加密货币公司 Kraken 和 BitGo 将帮助完成这一过程。

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

Wonderful 先生在 FTX 失去所有资金后，正在追逐一张 20 美元的钞票。 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.

必须指出的是，还款计算是基于崩溃时存款的美元价值。当时，比特币正处于熊市底部，仅为 17,000 美元。现在已经超过10万美元了。