Conceal tag in FTX

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How to conceal tag in FTX

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what he was doing he was building his Empire and his Echo chamber and had every single person that was in that building completely trusting him we all fell for the facade I mean there was no reason to doubt a man at the time who was taking so good care of his employees but he was he was using customer funds to do that like a cult leader he was committing fraud behind our backs and weamp;#39;re done weamp;#39;re tired of these people that we put up on a pedestal the entire time they had plans to bring us down

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How much customer money did FTX lose?

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.

What happened to people with money in FTX?

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 a court filing late Tuesday that it owes about $11.2 billion to its creditors.

How much of the FTX money was recovered?

Sam Bankman-Fried resigned as CEO and the company filed for bankruptcy. FTX said Tuesday it had recovered assets associated with the exchange at the time of its collapse with an estimated value of between $14.5 billion and $16.3 billion.

How much did FTX customers lose?

ing to the prosecution, Bankman-Fried stole billions of dollars from the crypto exchanges customers out of sheer greed. One key issue was how much money FTXs customers lost. During the trial, the prosecution and its witnesses repeatedly in fact, 97 times put that number at $US8 billion ($12 billion).

How much money has been recovered from FTX?

The FTX has constantly failed to regain momentum, resulting in the altcoin recording a YTD of -56.11% in valuation. Furthermore, the Simple Moving Average (SMA) displays a bearish convergence in the chart, suggesting the price will continue losing value in the coming time.

Did FTX customers get their money back?

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 people get their money back from FTX?

At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

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