Blot cross in FTX

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Aug 6th, 2022
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How to blot cross in FTX

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you can argue that thereamp;#39;s no value in anything in crypto Iamp;#39;m totally amenable to that argument right Bitcoin is worthless possible maybe it has some intrinsic value I donamp;#39;t know but the difference is that you can show very easily that these s arenamp;#39;t worthless the number of people that agree bitcoins worth something it is a lot the distinction on this one specifically is thereamp;#39;s not a lot of people agreeing that thereamp;#39;s a market for this to be worth anything right not only that itamp;#39;s that none of the other participants in the market are docHub participants right like if one entity owns well over 80 percent and then another entity which is binance owns another like 10 itamp;#39;s almost entirely owned by them yeah that means that itamp;#39;s itamp;#39;s not realizable assets if you canamp;#39;t sell it again like itamp;#39;s kind of going back to like is the government a Ponzi scheme I mean maybe but if Iamp;#39;m going t

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Nearly all of FTXs former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchanges collapse if not more.
Former cryptocurrency mogul Sam Bankman-Fried was sentenced to 25 years in prison for what prosecutors said was one of the biggest financial crimes in U.S. history. Bankman-Fried was found to have stolen at least $8 billion from FTX customers.
Evidence suggests the U.S.-based phone hackers had ties to Russian crypto thieves. Amid all the drama surrounding the fall of FTX, the story of a major hack during the doomed exchanges final hours in November of 2022 was nearly forgotten.
FTX now says that 98% of its creditors, including individual investors who had US$50,000 or less with FTX, will receive the funds they lost. Payments will be made in cash within 60 days of a reorganisation plan going into effect. However, this plan still needs to be approved by a US bankruptcy court and by creditors.
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 was the third-largest cryptocurrency exchange in the world when it filed for bankruptcy protection in November 2022 after it experienced the crypto equivalent of a bank run. CEO and founder Sam Bankman-Fried resigned when the exchange collapsed.
FTX says most customers of the bankrupt crypto exchange will get all their money back. Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing.
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.

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