Blot out side in FTX

The simplest way to blot out side in FTX

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How to blot out side 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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What happened at FTX on November 8th?

ing to the agencies, Bankman-Fried and top executives lied about FTXs financial health to investors, customers, and lenders and hid a billion-dollar hole in its balance sheet with financial statements, inflated valuations of speculative s like FTXs FTT exchange coin, and cryptocurrencies borrowed from 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

What happened to all the 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 happened on November 8th in FTX?

Due to a lack of funds, FTX halted customer withdrawals altogether. Nov. 8 FTX docHubed a deal to sell itself to Binance, the crypto exchange whose executive had helped trigger the selloff.

What happened to the FTX scandal?

Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion. Scores of investors and customers pulled their funds out of FTX, forcing the exchange to become insolvent and declare bankruptcy.

What did FTX do with customer funds?

Andrew Scurria: What FTX is projecting is that most customers, 98%, which are the retail customers, individual traders, they will get back what they had invested as of the day FTX filed for bankruptcy plus interest to compensate them for the time value of their money, the little less than two years that their crypto How FTX Found Billions to Repay Customers - WSJ Podcasts wsj.com podcasts the-journal how-ftx- wsj.com podcasts the-journal how-ftx-

What happened with FTX in simple terms?

On Nov. 8, FTX blocked customers from taking money out of the platform by removing that option online, which meant hundreds of thousands of customers did not have access to their money. When FTX could not pay the $8 billion gap, the company filed for bankruptcy.

Who was impacted by FTX?

The collapse of FTX It began with the CoinDesk article and the leaked balance sheet. Binance initially announced it would sell all its FTT s because of the mishandled and blurred funds. The value of FTT dropped docHubly, prompting FTX customers to withdraw money from their accounts. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca

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