Blot trace in FTX

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Aug 6th, 2022
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How to blot trace in FTX

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this video is brought to you by curiositystream hi welcome to another episode of Cold Fusion so last episode we ran through the complete history of the FTX situation to sum it all up a man named Sam bankman freed founded a crypto hedge fund and exchange worth 37 billion dollars it had investments from Big players such as BlackRock and endorsements from celebrities in the end it was all a bit of a Ponte scheme ran by Sam and his girlfriend and a bunch of their friends in the Bahamas investors and customers lost billions in the disaster last time we left off Sam was under police surveillance in the Bahamas and was still Tweeting about making it up to customers but today weamp;#39;ll cover some major updates since then from leaked messages to criminal investigations as well as some inside information on the full extent of the companyamp;#39;s mess called Fusion TV so after the dust had settled from the original shock of the bankruptcy and the wild story leading up to it ftxamp;

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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.
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.
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.
Over the course of the bankruptcy, Google and Amazon both invested in Anthropic, and FTXs stake became a lot more valuable. It appreciated, and FTX was able to sell that to generate almost a billion dollars to pay creditors back.
Bankrupt Crypto Firm FTX Is Going to Pay Customers Back in Full Plus Interest A majority of customers would get at least 118% of their money back under a proposed plan, as the company now has up to $16.3 billion in cash to use.
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 creditors will have until Aug.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

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