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FTX filed for Chapter 11 bankruptcy on November 11, 2022. Now, four years after the FTX collapse, many exchanges publish reserve reports and seek federal oversight, and large brokerages offer crypto trading too. But does that mean keeping your crypto on an exchange is any safer today?
FTX Customers Got 118% Back, but Only at 2022 Prices
FTX’s bankruptcy plan promised customers at least 118% of their account value, but it was based on November 2022 asset prices. At that time, Bitcoin (CRYPTO:BTC) was trading around $17,000. Bitcoin currently trades near $73,899, so…
