Clear up phrase in FTX

Do it like a pro – clear up phrase in FTX

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How to clear up phrase in FTX

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hey folks Iamp;#39;m here really quick one I know thereamp;#39;s a lot of pain at the moment with FTX and loads of other hedge funds and exchangers going basketball or at least freezing withdrawals but this video is why this is actually a good thing okay so before you throw your friend that the crammed out the toys toys out the pram um hear me out this is something Iamp;#39;ve been saying to my realistic Trader students for a long long time now that we will not get north of 100K Bitcoin and Beyond until certain sequence of things happen and this is the sequence okay so just hear me out all-time highs and Beyond will only happen only happen when institutional money floods in okay uh the the previous two bull markets were retail driven 2018 was the last retail driven Market from now on itamp;#39;s all institutional so when will institutional money come flooding in well that will only happen when us-based SEC approved Bitcoin and also eth or ether ETFs are granted okay and tha

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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.

What will happen to money in FTX?

What about FTX customers? 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.

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 money will be recovered from FTX?

FTX customers are set to recover all funds lost, plus interest. Bankruptcy lawyers say they have collected $14.5 billion to $16.3 billion and are ready to distribute it to defrauded customers. Sorry, a summary is not available for this article at this time. Please try again later.

Will I recover my money from FTX?

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.

Will FTX users 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.

Will FTX repay customers?

Since its bankruptcy filing in 2022, FTXs new management has been able to recover $16 billion to pay back customers, and has said it plans to repay them in full.

What is the expected recovery of FTX?

Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims in cash within 60 days of court approval, ing to new documents filed Tuesday evening.

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