Adapt city in FTX

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Aug 6th, 2022
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How to adapt city in FTX

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Iamp;#39;m going to get the money back thatamp;#39;s whatamp;#39;s going to happen and where the chips fall I have no idea whoamp;#39;s going to jail I have no idea who was fraudulent I have no idea but I will find out I can tell you that because this is 100 audible 100 I donamp;#39;t care if it takes three four five six seven years doesnamp;#39;t matter to me you canamp;#39;t take my money and expect me to do nothing I go after it just as other institutions will do the same thing every lawyer and his dog is going after this thing right now trying to figure out what happened but we donamp;#39;t know anything yet so why donamp;#39;t we just get the facts first and if sand bankman freed can shine light on the facts because from what I understand heamp;#39;s been kicked out of the company has no access to even his emails he has no information past the moment the company went into chapter 11. so heamp;#39;s one piece of the puzzle but we also have to talk to those that are going

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NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkinds dramatic downfall.
FTX said in recent court filings that 98% of its customers will be able to receive full repayment within 60 days of a bankruptcy court approval of its wind-down plan. The faster payment option will cover all customers who are owed up to $50,000.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion.
FTX crashed due to mismanagement of funds, lack of liquidity and the large volume of withdrawals. Binance announced it would buy FTX to prevent a larger market crash, but quickly bailed out of the deal as more news reports of mishandled customer funds surfaced.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion. FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors.
FTX customers will get their money back and morebut the biggest winners are bankruptcy traders. Sam Bankman-Fried, the former CEO of FTX, is serving a 25-year sentence. In a rare outcome for bankruptcy, customers of the failed cryptocurrency exchange FTX will recover all of their moneyand then some.
It isnt going to be an immediate payout. The bankruptcy judge has to approve the plan and that could take months, and then once the plan is approved, the funds will be paid within 60 days after it goes into effect.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in a court filing Tuesday that between $14.5 billion and $16.3 billion would be available for distribution.

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