FTX’s 2-year payment is a ‘win,’ the businessman claims to predict the fall of the FTX

A crypto trader and marketing executive who properly predicted that the FTX’s collapse said FTX payments lending a little year after the incident was a “win” – everything that was considered.

“I thought it was longer, just because of the many jurisdiction issues, you were working on so many different governments, different levels of implementation, different levels of compliance,” Ishan Bhaidani told Cointelegraph’s Turner in a February 28th interview with Ethdenver in Denver, Colorado.

“You work with the Bahamas, the FTX is multinational … And then it’s clear that the US and a lot of money from US investors, so intensely, I thought it was longer,” Bhaidani said.

All the things that are considered, “I think two years are kind of a win,” said Bhaidani, one of the founders of Crypto Marketing Firm Scrib3.

FTX’s fall is considered one of Greatest financial fraud In US history.

The FTX is illegal to use customer money to fund investments in the trading company of the Alameda Research Brother Research. When market prices fall, it contributes to a liquidity crisis, preventing customers from eliminating funding. The firm was then That -file for chapter 11 losses On November 11, 2022.

FTX started First round of reimbursements in Feb. 18, 2025, with the next coming on May 30. Creditors who deserve the second twist will need to verify their claims on April 11.

Under the FTX recovery plan, 98% of creditors expected to be received At least 118% of their cost of cash in cash.

However, Bhaidani noted that it would be interesting to see if those who bought claims from FTX creditors would end at the top or not.

“If you take $ 0.25 in the dollar and buy bitcoin at $ 18,000, $ 20,000, $ 30,000 you did well, right?

“You bought an eth, you didn’t do it either. You bought Sol? You really did, really freaking well, right?

Related: Sam Bankman-Fried Post for the first time in 2 years, FTX token pumps

Bhaidani is well-known for spotting the FTX business and Its guessing will fall One month before it is resolved.

In an interview with Cointelegraph, Bhaidani pointed to the collateral damage that FTX suffered from $ 60 Billion Terra Luna’s ecosystem ecosystem and former president of FTX US Brett Harrison left Before he was tied for a large payout.

“He didn’t even hit his vest at a $ 32 billion company … We’re talking about the hundreds of millions of dollars in potential equity, why is he leaving without vesting?”

“There’s something that should be wrong in the kitchen there,” Bhaidani said.

Asked if former FTX CEO Sam Bankman-Fried will ever be forgiven from him 25-year prison penalty, Bhaidani estimated a 2% to 5% chance – even more likely not under the current Trump administration.

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