Clear up clause in FTX

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How to clear up clause in FTX

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Iamp;#39;m with Amy Feldman my colleague who is senior editor and has written a terrific piece Amy on basically the new CEO of FTX John Ray tells first of all about the nature of what he does these turnaround experts theyamp;#39;re not your classic CEO thanks to thanks for having me Diane first of all and and yes theyamp;#39;re not at all your classic CEO I mean John Ray is somebody who heamp;#39;s an attorney who got into the restructuring business and heamp;#39;s the kind of person who in a sense Pilots into a distressed situation as the person whoamp;#39;s going to clean up the mess and is cleaning up the mess basically mean you go in you know donamp;#39;t have to motivate the employees itamp;#39;s all about maximizing finding what can be sold and essentially returning as much money to creditors as possible or what does success look like maybe many different things in this situation I mean I think it looks like many different things I mean I think the first thing he has to d

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Did everyone 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, ing to a reorganization plan published late Tuesday.

What happened to my money 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.

Did FTX creditors get paid?

While FTX said it expects to collect enough cash to pay them 100% of what theyre owed, plus interest, theres a catch. Theyre not getting their crypto back. Instead, theyre getting US dollars based on what the accounts were worth when FTX went bust in November 2022.

Will FTX customers get their money back?

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 do I claim money from FTX?

Using the Customer Claims Portal Step 1: Login. Step 2: Email Verification. Step 3: Providing Know Your Customer Information. Step 4: Review Account Balances. Step 5: View Your Proof of Claim Status. Step 6: Voting. Step 7: Distributions - Tax Requirements. Step 8: Distributions - Payout Options.

How much will FTX investors get back?

The exact value customers will be repaid depends on the type of claim they filed. While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%.

What happens to my money on FTX?

FTX says it will return money to most of its customers : NPR. FTX says it will return money to most of its customers 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.

Can people get their money out of FTX?

While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. The specific pay day is estimated to be months away. While the gains are unusual and impressive, the biggest winners in the FTX affair are those who trade bankruptcy claims.

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