Lukas Bartusek, a former FTX user from Prague, faces issues accessing nearly $400,000 after mistakenly transferring 2,000 SOL to his old account at FTX.
Transfer Mistake and Its Consequences
Lukas Bartusek's situation began when he accidentally transferred 2,000 Solana (SOL) to his old FTX account on October 22, 2023. At the time, Solana was priced at $31, but its value has since increased to $198, raising the locked funds' worth significantly.
Legal Aspects
FTX informed Bartusek that a court order is required to release the funds because bankruptcy law prohibits the company from distributing funds without judicial approval.
Other FTX Users' Situation
Unfortunately, Bartusek is not alone. Thousands of FTX users are waiting in uncertainty since its collapse, many hopeful for eventual recovery. FTX initiated a reorganization plan on February 8, beginning repayments to creditors who meet the pre-distribution requirements.
Bartusek's case underscores the challenges users face with crypto exchanges in bankruptcy, highlighting the need for careful financial operations.
