Cover up size in FTX

Your straightforward way to cover up size in FTX

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How to cover up size in FTX

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money laundry asset co-mingling record-breaking political donations and League of Legends what what do these all have in common itamp;#39;s what Sam bankman Frida occupied his time with while an elite team of marketers and PR operatives masterfully convinced the entire public the FTX was not only an upstanding and solvent company but you should trust them with your money well this series is all about diving into what we know about the failed crypto exchange to see if we can explore just how deep that rabbit hole goes and this is an extremely powerful episode I cannot stress that enough and itamp;#39;s going to be filled with mind-blowing details and hopefully some lessons around who we can trust in the future but before we get into all of that info make sure that you smash that like button for me make sure you hit subscribe boom bang on that notification Bell comment anything that you want in the relevant sections I appreciate it now letamp;#39;s go see what SBF Alameda and FTX have

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Will FTX pay back customers?

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.

How big of an exchange was FTX?

Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.

Have FTX customers been repaid?

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.

Will FTX victims get their money back?

FTX customers will get their money back and morebut the biggest winners are bankruptcy traders. Sam Bankman-Fried, the former CEO of FTX, is serving a 25-year sentence. In a rare outcome for bankruptcy, customers of the failed cryptocurrency exchange FTX will recover all of their moneyand then some.

How big was FTX market cap?

As of November 2022, FTX was the third-largest digital currency exchange boasting an active trading volume of USD 10 billion and a valuation of USD 32 billion.

How long will it take to get money back from FTX?

It isnt going to be an immediate payout. The bankruptcy judge has to approve the plan and that could take months, and then once the plan is approved, the funds will be paid within 60 days after it goes into effect.

Will FTX customers 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 was the size of the FTX collapse?

The total assets missing was estimated at $8 billion. FTX investors filed a class action lawsuit against FTX and its celebrity endorsers on Nov. 15, 2022.

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