Blot out pecularity in FTX

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Aug 6th, 2022

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How to blot out pecularity in FTX

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weamp;#39;ve got 300 million to 1 billion dollars worth of real estate in the Bahamas that we personally at biblically crypto have filed a lawsuit against and weamp;#39;re trying to get those assets back in FTX users hands because they were embezzled funds number two youamp;#39;ve got 546 million dollars in another LLC thatamp;#39;s not in this bankruptcy number three we know John Ray the bankruptcy lawyer of FTX well guess what he has actually discovered an extra billion dollars floating around if youamp;#39;re keeping score thatamp;#39;s potentially 2.5 billion dollars is this really an insolvency hole or is this a case of hidden money

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Will investors get their money back from FTX?

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.

How is FTX paying back customers?

How is FTX able to repay its customers? FTX is repaying its customers through the liquidation of its assets, which have appreciated docHubly in value, and through the positive effects of a bullish cryptocurrency market. 3.

Will I ever get my money out of FTX?

FTX has been able to monetise an extraordinarily diverse collection of assets, most of which were investments made by FTX or its investment company Alameda Research, it said. The vast majority of creditors - 98% - will get 118% of the amount due and receive it within 60 days of FTXs proposed plan coming into effect.

What happened to my money in FTX?

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.

What is the mistake of FTX?

FTX founder Sam Bankman-Fried testified Friday that his largest mistake was not having a dedicated risk management team and a chief risk manager at FTX. The result was no oversight for the bankrupt crypto exchange.

What happens to my assets in FTX?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in a court filing Tuesday that between $14.5 billion and $16.3 billion would be available for distribution.

Why did people pull out of FTX?

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.

Did FTX users lose money?

At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

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