Clean up typeface in FTX

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Aug 6th, 2022
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How to clean up typeface in FTX

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breaking news crypto play turned out to be a big scam in other news the sky is blue and those clouds in Congress did it again what a bunch of clowns how does he keep up with the news like that last week FTX the second largest cryptocurrency Exchange in the world filed for bankruptcy and itamp;#39;s FTX itamp;#39;s a safe and easy way to get into crypto yeah 2022 was a was ever for cryptocurrency but even in this volatile Market FCX sudden implosion took people by in Surprise many Saw FTX as the squeaky clean white knight in the crypto world but with FTX and bankruptcy tens of billions of dollars AKA real money missing and giant holes in the balance sheet thereamp;#39;s going to be hell to pay which is why lawyers are the real white Knights so what did FTX do wrong what laws might they have broken and who was going to jail or maybe it would be easier to talk about whoamp;#39;s not going to jail but hold on folks we have a lot of ground to cover because there were probably a lot of c

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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.
Much of the $5 billion-plus that FTX invested in tech companies was financed through misappropriated customer funds, ing to lawsuits filed against senior executives.
Those who lost money when the exchange collapsed in November 2022 are owed around $11 billion, but the estate been able to recover as much as $16.3 billion, court records filed on Tuesday show. As a result, claims will be repaid with interest.
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 that it was able to recover funds by monetizing a collection of assets that mostly consisted of proprietary investments held by the Alameda or FTX Ventures businesses, or litigation claims.
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.
They tapped a wide range of sources, including digital currencies that FTX still owned when it filed for bankruptcy and company assets like shares in start-ups, which could be sold to bidders. The amount that FTX recovered is in general pretty unheard of, said Yesha Yadav, a law professor at Vanderbilt University.

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