Blot out answer in FTX

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Aug 6th, 2022
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Your simple way to blot out answer in FTX

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How to blot out answer in FTX

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we know I think deep down but I think Jim you know to your boy you had a lot of conviction with it as well and I think thatamp;#39;s because all the signs point to it um we we donamp;#39;t have complete transparency but the data we do know paints a picture that FTX was in fact using customer funds and they were also commingling funds with Alameda research and thatamp;#39;s effectively what Arthur Hayes seemed to be pointing out in this article was like you know itamp;#39;ll be a while maybe till we have all the facts but every piece of information we have right now looks really ugly yeah it it definitely does look like that reaperthecation is a fancy word for me taking your money and using it to pledge a loan for myself

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ICYMI: FTX, the crypto exchange that has become a byword for fraud and a black eye on the face of the entire digital asset industry, said that virtually all of the people who had money frozen on the platform will get their money back, plus interest. That is an extraordinary outcome. FTX customers are getting a rare good deal. Heres why some are still angry cnn.com 2024/05/09 business ftx-cust cnn.com 2024/05/09 business ftx-cust
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.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
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.
FTX investors filed a class action lawsuit against FTX and its celebrity endorsers on Nov. 15, 2022. The civil suit claimed FTX used false representation and deceptive conduct. The lawsuit also accused FTX of using a Ponzi scheme to misuse funds and move customer money between entities. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca
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.
FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion. The Collapse of FTX: What Went Wrong With the Crypto Exchange? investopedia.com what-went-wrong-with-f investopedia.com what-went-wrong-with-f

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