Clear up substance in FTX

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Aug 6th, 2022
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Your simple way to clear up substance in FTX

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How to clear up substance in FTX

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the customer funds are paying for the attorney for the bankruptcy two thousand dollars an hour off TX I mean John Ray go bankruptcy attorney who also is the bankruptcy attorney for Enron and many other cases and heamp;#39;s always invited an independent examiner but he doesnamp;#39;t want one for this I think the reason he doesnamp;#39;t want it is itamp;#39;s going to absolutely show without a doubt

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0:00 3:52 Thousand dollars 61 62 000 if you want to round up at home so all these things considered. TheresMoreThousand dollars 61 62 000 if you want to round up at home so all these things considered. Theres kind of a a hefty Delta.
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.
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. At a hearing Tuesday, the company will ask U.S. Bankruptcy Judge John Dorsey to sign off on open voting on the companys wind-down plan.
FTXs shareholders people like Tom Brady and private equity firms like Sequoia Capital are almost certain to see their equity in the once high-flying crypto startup totally wiped out. Although FTX said it would have as much as $16 billion to disburse, customers and Uncle Sam get paid out first.
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.
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.
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 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.

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