Clear up PII in FTX

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Aug 6th, 2022
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People often need to clear up PII in FTX when processing forms. Unfortunately, few programs provide the features you need to complete this task. To do something like this normally requires alternating between several software applications, which take time and effort. Thankfully, there is a platform that is applicable for almost any job: DocHub.

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How to clear up PII in FTX

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it appears at this point that back during the last shakeup in the crypto industry where you know Terra Luna and Voyager and Celsius and three arrows went under uh Alameda took a big loss at that time as well they may have even been underwater and instead of just saying hey you know this hedge fundamp;#39;s going to blow up too which would have been unfortunate people you know Sam would have lost money itamp;#39;s embarrassing but itamp;#39;s not illegal for a hedge fund to blow up it happens with some regularity instead of just letting it blow up it seems like at this point he took customer funds but you have to explain he all he owns both thatamp;#39;s for the people that may not understand that right so itamp;#39;s a related part he owns his own exchange called FDX and he owns his own hedge fund called Alameda which operates inside of FTX as well as in other places right yeah so it seems they had this solvency issue and instead of just letting it blow up Sam basically said hey w

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At trial, the court heard from an accounting expert who said that $11.3bn in customer funds were supposed to be held at Alameda Research, FTXs hedge fund arm. But only $2.3bn could be located. The rest had gone toward investments, political contributions, charity foundations and real estate purchases.
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.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
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.
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.
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.
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.
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.

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