Clean up certificate in FTX

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Aug 6th, 2022
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clean up certificate in FTX by reading these steps:

  1. Register your DocHub account or sign in if you already have one.
  2. Click on the Add New button to add or import your FTX into the editor. In addition, you can take advantage of the capabilities available to tweak the text and personalize the structure.
  3. Select the option to clean up certificate in FTX from the menu bar and use it to the document.
  4. Check your document again to make sure you haven’t overlooked any mistakes or typos. When you complete, click DONE.
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How to clean up certificate in FTX

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FTX accused of counterfeiting coins on their exchange to Market manipulate signed a deal with Alameda they were going to come on as partners with you guys havenamp;#39;t paid for the essence they actually learned the assets and utilized yes because they utilize your assets to make money and then before they have to give you your asset back they ensure that your Market crashes so they can give your asset backs on a much cheaper price we agreed to give them over 60 million dollars in illiquid assets all of a sudden we find new coins at one cent we contact liquid so guys whatamp;#39;s going on how is it possible that new coins at one cent you know itamp;#39;s been 35 and 38 cents message after message they tell us so itamp;#39;s not us itamp;#39;s the market maker we go to John John tells us oh yeah weamp;#39;re fixing it weamp;#39;re fixing it doesnamp;#39;t tell us heamp;#39;s the one bumping it everyoneamp;#39;s in a panic but sudden we partner off with Alameda research these

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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.
Customers and creditors that claim $50,000 or less will get about 118% of their claim, ing to the plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware. This covers about 98% of FTX customers.
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.
On Nov. 8, FTX halted all non-fiat customer withdrawals. On Twitter, Bankman-Fried posted a string of apologies explaining FTXs liquidity issues and promising more transparency. Binance withdrew from the deal. FTX Crash: Timeline, Fallout and What Investors Should Know - NerdWallet nerdwallet.com article investing ftx-cra nerdwallet.com article investing ftx-cra
Under the proposed plan, almost all creditors are expected to receive over 100% of their claims, with those claiming $50,000 or less receiving about 118%.
Under FTXs re-organisation plan, customers whose claims amount to US$50,000 or less will receive roughly 118 per cent of the amount of their allowed claim. About 98 per cent of creditors will receive this compensation. But some creditors have described the plan as insulting.
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.

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