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Replying to Avatar Bitman

FTX has started reimbursing some clients who had funds on the exchange in 2022.

The payouts are being made in dollars, based on the price at that time.

In other words, anyone who held 1 BTC will receive only $18,000 😭

This is why maximalists always repeat the basics—because the basics work: “Not your keys, not your coins.”

Don’t fall for illusions. Until there is a truly decentralized platform like Aave running on the Bitcoin network, don’t risk your sats chasing yield.

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Eluc 10mo ago

Are they reimbursing LUNA at pre-collapse level as well or it's just for coin that increased in value? You can be sure that if BTC would worth 9000$ today, they would reimburse in BTC.

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