Daily Market Updates: Ostium Recovery Plan to repay 3,321 wallets in full

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Ostium Recovery Plan to repay 3,321 wallets in full

Wallets that lost $1,000 or less will receive full repayment when the portal opens Wednesday, while 345 wallets representing at least 86% of a $23.8 million loss choose between two recovery options.

Reported · Written up by our desk · Market Structure

Ostium’s recovery plan will repay 3,321 wallets in full when a repayment portal opens Wednesday, The Defiant reports.

According to The Defiant, wallets that lost $1,000 or less get everything back.

For the remaining 345 wallets, which the outlet says carry at least 86% of a $23.8 million loss, holders can choose between a $1,000 payment or a pro-rata claim on funds Ostium has not yet recovered.

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Sources

The DefiantOstium Recovery Plan Repays 3,321 Wallets In Full, Leaves 345 To Choose

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Ostium Recovery Plan to repay 3,321 wallets in full

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