4 ms·
Most people won't get anything close to what they had. That's because bankruptcy claims are locked in USD on the date on the filing, which was pretty much the b
by tananaev 3y ago
Most people won't get anything close to what they had. That's because bankruptcy claims are locked in USD on the date on the filing, which was pretty much the bottom of the market. And they certainly won't get any returns on the investment.
Let's say you had 1 BTC at the time of bankruptcy which was worth $20k for the sake of example. Your claim is now $20k and you won't get more than that. And even if you get 100% of that, it's only 0.4 BTC at current prices.
- fragmede 3y agoFor people who's life savings was that $20k, that's still $20k that they'd previously written off. It's not $60k or whatever, but it's still better than $0.