Adjust payer in FTX

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How to adjust payer in FTX

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this video is brought to you by curiositystream hi welcome to another episode of Cold Fusion so last episode we ran through the complete history of the FTX situation to sum it all up a man named Sam bankman freed founded a crypto hedge fund and exchange worth 37 billion dollars it had investments from Big players such as BlackRock and endorsements from celebrities in the end it was all a bit of a Ponte scheme ran by Sam and his girlfriend and a bunch of their friends in the Bahamas investors and customers lost billions in the disaster last time we left off Sam was under police surveillance in the Bahamas and was still Tweeting about making it up to customers but today weamp;#39;ll cover some major updates since then from leaked messages to criminal investigations as well as some inside information on the full extent of the companyamp;#39;s mess called Fusion TV so after the dust had settled from the original shock of the bankruptcy and the wild story leading up to it ftxamp;

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Can people get their money out of FTX?

While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. The specific pay day is estimated to be months away. While the gains are unusual and impressive, the biggest winners in the FTX affair are those who trade bankruptcy claims.

How will FTX pay back customers?

FTX has said its reorganization plan would give 98% of creditors 118% of their claims in cash within 60 days of court approval.

How much money will be recovered from FTX?

FTX customers are set to recover all funds lost, plus interest. Bankruptcy lawyers say they have collected $14.5 billion to $16.3 billion and are ready to distribute it to defrauded customers. Sorry, a summary is not available for this article at this time. Please try again later.

Will FTXs customers be repaid?

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.

Will everyone get their money back from FTX?

FTX says it will return money to most of its customers : NPR. FTX says it will return money to most of its customers FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

Will FTX creditors be repaid in full?

All of FTXs creditors, except the government, will get 100% of their money back in cash plus interest, the bankrupt cryptocurrency exchanges estate said late Tuesday.

How do I amend a claim in FTX?

Customers can amend a scheduled or submitted claim by following these steps: Visit the Kroll Portal at . Click on Customer Proof of Claim Form No FTX Account Access. On the section asking if the claim amends one that is already filed, click Yes.

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