Blot arrow in FTX

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Aug 6th, 2022
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How to blot arrow in FTX

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I was checking out your tweets and you say you expect larger crashes and Iamp;#39;m thinking well what could be larger than FTX well unfortunately itamp;#39;s a 10 billion dollar hole that they left which Iamp;#39;m guessing is hundreds of thousands of families that have been completely wiped out they were the second largest cryptocurrency exchange so who would be bigger well thereamp;#39;s people behind the scenes so yesterday we saw Genesis which is kind of a Backwater company for a lot of these they provide liquidity loans Etc a lot of yield farming and whatnot and they had to ask for an emergency one billion dollar loan we saw the cryptocurrency exchange Gemini which is one of the largest had to Halt withdraws from that product as well and so we donamp;#39;t know who has exposure to this 10 billion maybe not from a customer standpoint as big as FTX but Dollar Wise could be bigger because Genesis is back the grayscale Bitcoin trust with hundreds of thousands of Bitcoins in cust

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FTXs bankruptcy advisers settled in March, providing BlockFi with $874.5 million in claims against FTX and Alameda.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing.
BlockFi has said it is unlikely to fully repay customers who had interest-bearing BlockFi accounts. The company previously estimated that those customers might receive between 39.4% and 100% of the value in their accounts. As part of the agreement, BlockFi agreed to drop its lawsuit over 56 million in Robinhood (HOOD.
The Joint Liquidators are Russell Crumpler and Christopher Farmer, both Senior Managing Directors of Teneo. On 2 July 2022, Three Arrows filed for Chapter 15 bankruptcy to protect its US assets from creditors.
Under the settlement, BlockFi will receive a total of $874.5 million in claims against FTX and Alameda Research. $250 million will be treated as a secured claim, which will prioritize payment to BlockFi after FTX plan to end bankruptcy, which was filed in December, is approved by its creditors.
In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.
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.
Distributions for BlockFi clients who were placed or opted in to the Convenience Class commenced in February 2024, and are currently ongoing. Convenience Class participants are entitled to a 50% distribution on allowed claims, up to $1,500.

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