Blot data in FTX

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Aug 6th, 2022
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How to blot data in FTX

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The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTXs accounts, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.
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.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
When FTX filed for bankruptcy, all the assets were dollarized. This means that the bankruptcy estate converted the value of all deposits into their dollar value at the time of petition. So if John Doe had one bitcoin valued at $20,000 at the time of bankruptcy, then the estate logs his claim as $20,000, not as 1 BTC.
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.
Using the options on your Portfolio, you can view all of your balances and transactions, or filter by subaccount. Your Total Customer Entitlement Claim amount is listed at the top of the page. Clicking on will show you the breakdown of this amount.
Those who lost money when the exchange collapsed in November 2022 are owed around $11 billion, but the estate been able to recover as much as $16.3 billion, court records filed on Tuesday show. As a result, claims will be repaid with interest.
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.

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