What’s subsequent for the French victims of the collapse of the FTX trade? | Job Alls


The collapse of the FTX cryptocurrency trade has had an affect around the globe, with greater than 1,000,000 clients dropping cash in a single day. In France, an estimated 50,000 to 60,000 persons are affected. As they search authorized options to get their a reimbursement, will victims proceed to put money into digital forex?

Like a whole bunch of hundreds of FTX shoppers around the globe, Hassan, who lives in France, skilled a shock in early November.

“I am crying,” he wrote on Twitter on November 8 after FTX founder and CEO Sam Bankman-Fried tried to reassure everybody that the US-based firm and the Bahamas had been okay. .

The subsequent day, because the inventory market started to shut, Hassan wrote: “In the future I misplaced all the things I had. Make investments inside a 12 months. “It is scary.”

Saving lives is gone

FTX is among the largest digital forex exchanges that permits customers to commerce cryptocurrencies similar to Bitcoin for widespread cash or different digital currencies.

When FTX collapsed, at the very least $ 1 billion in shopper funds had been frozen and the corporate filed for chapter on November eleventh.

In a single day, Hassan misplaced 26,000 euros, his whole financial savings.

“It was a foul reminiscence,” he instructed RFI.

In December, Bankman-Fried was arrested within the Bahamas and extradited to the USA, the place he was charged with fraud.

Lawyer Ronan Journoud advises among the French victims concerned Assist staff on Telegram. He estimates that there are about 55,000 French shoppers who’ve misplaced cash with FTX.

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