Cover up arrow in FTX

Do it professionally – cover up arrow in FTX

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How to cover up arrow in FTX

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so I hope you know that youamp;#39;re in a lot of trouble youamp;#39;ve lost a lot of people a lot of money guys just talking to SPF here trying to talk some sense into them so what you got to do is turn yourself in and just cooperate all right so weamp;#39;ll talk about this later hey guys welcome back to the channel and um this FTX story you have no idea it is getting way more crazier than I even thought um weamp;#39;re talking about metaverse space bunnies or metaverse bunnies I should say um when you see it youamp;#39;ll be like oh my God what is going on all right so first um letamp;#39;s go over this so it turns out that there was a leaked version of their balance sheet and uh the reason why this is important is because at the moment people who have money with FTX essentially you want your money back and weamp;#39;re trying to figure out okay how much money can they return to people um as it turns out I was looking at this so 9 billion in liabilities uh 900 million in liqu

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What if I lost money in FTX?

Nearly all of FTXs former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchanges collapse if not more.

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.

What is the whole FTX thing?

What is FTX? FTX was one of the largest digital currency exchange platforms for buying and selling cryptocurrencies. As more people invested in cryptocurrencies, they turned to these platforms because they provided a digital wallet to store cryptocurrencies directly in a personal account.

What happens if FTX fails?

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.

What were the red flags in the FTX case that should have been spotted?

Wanting to hold customers money. Bucknam believes it was a major red flag that FTX encouraged customers -- and even, reportedly, FTX employees -- to keep their money on the exchange.

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.

Is it safe to keep money in FTX?

In the end, however, it seems FTX was not all that it appeared and had not been keeping its promises to its customers, says Fraser. This includes promises to not lend out customer deposits and that customer assets were safe with FTX. Clearly that was not the case. Assets were not safe.

What happens if FTX goes under?

In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.

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