Black out answer in FTX

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Aug 6th, 2022
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How to black out answer in FTX

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BlackRock had an investment in FTX 24 million dollars in a fund of funds 24 million dollars yeah it was it was in a situa it was not in the core part of our business okay so what do you what do you think happened there and and then I actually believe this technology is going to be very important I believe the Next Generation for markets the Next Generation for Securities will be ization of Securities but Larry thing states that BlackRock is still in crypto for the tech despite the FTX Scandal and it reminds me of the famous meme Bitcoin is be like Iamp;#39;m in it for the technology

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The exact value customers will be repaid depends on the type of claim they filed. While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. FTX customers will get their money back and morebut the biggest Fortune crypto 2024/05/08 ftx-custom Fortune crypto 2024/05/08 ftx-custom
FTX founder Sam Bankman-Fried, left, arrives at a federal courthouse in Manhattan on Feb. 16, 2023. Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. Nearly all FTX customers are getting their money back: What to know Los Angeles Times business story ftx-crypto- Los Angeles Times business story ftx-crypto-
In the aftermath of FTXs fall 2022 collapse, media estimates of customer losses ranged from $8 billion (the worth of assets on FTXs balance sheet that were unaccounted for) to $16 billion (the amount of funds frozen) to $32 billion (the market value of FTX prior to its implosion). FTX, Sam Bankman-Fried, and Exaggerated Losses | City Journal City Journal article ftx-sam-bankma City Journal article ftx-sam-bankma
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. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. FTX customers to get funds back after catastrophic crypto AP News article ftx-crypto-bankman-fried AP News article ftx-crypto-bankman-fried
FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low on Nov. 9, 2022.
The announcement was a landmark in the attempt to track down the $8 billion in customer assets that disappeared when FTX imploded virtually overnight, setting off a crisis in the crypto industry.
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. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.

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