Cut off look in FTX

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Aug 6th, 2022
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How to cut off look in FTX

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Sam Bateman freed FTX Brett Harrison Chuck Schumer theyamp;#39;re all involved in trying to create a federal bit license heamp;#39;s grabbing as much of crypto as he can to plug up under FTX because theyamp;#39;re going to be trying to create this Bennett license they will have the license right this is an interesting the SEC goes after everybody but who do they not go after FTX big political donors number two donor to Joe Biden now heamp;#39;s trying to buy up in land grab crypto companies everywhere to Annex them up under FTX guess what theyamp;#39;re probably going to be the only site in the United States if this kidamp;#39;s okayed to have the federal bit license and be able to do leverage trading and derivatives trading this means that if you do a transaction outside of one of these licensed exchanges through this Federal bit license itamp;#39;s illegal

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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.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
Customers and creditors that claim $50,000 or less will get about 118% of their claim, ing to the plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware. This covers about 98% of FTX customers.
When FTX collapsed into bankruptcy in 2022, many customers never thought theyd see their money again. But FTXs assets have rebounded. WSJs Andrew Scurria unpacks why FTX will have more than enough money to fully repay customers and many creditors.
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.
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. Payments will be made in cash within 60 days of a reorganisation plan going into effect.
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.
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.

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