Cryptocurrency investors are excited about the possibility of earning $1575 per hour, especially in underdeveloped and developing countries where such earnings can significantly impact their financial status. But how is this level of earning achievable in the world of crypto trading?

To start earning $1575 per hour, one must wait for the collapse of a major cryptocurrency exchange, such as FTX. As creditors demand their payments and the exchange faces liquidation, those aspiring to high salaries aim to be appointed as trustees. John Ray, the head of the FTX bankruptcy committee, is an example of someone who has managed to earn this impressive hourly rate.

FTX creditors are still awaiting their payments, but the process has been complicated by the decision to pay them in fiat currency instead of cryptocurrency. This has frustrated many investors, particularly because the payments will be based on exchange rates at the time of the collapse, not current rates. As a result, investors may receive less than expected for their holdings.

Despite the challenges faced by creditors, John Ray continues to earn $1575 per hour for his role as the head of the bankruptcy committee overseeing FTX's situation. Working diligently, John managed to earn $363,825 in a single month by dedicating 231 hours to the bankruptcy proceedings.

Even though the CEO of FTX was sentenced to 25 years in prison, the situation remains frustrating for creditors whose capital is being eroded over time. This case draws parallels to other corporate collapses, like that of Enron, where individuals in positions of power managed to walk away with substantial salaries while creditors suffered.

The full article can be found on COINTURK NEWS.