Faint clause in FTX

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Aug 6th, 2022
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How to faint clause in FTX

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whatamp;#39;s up team Sean from rest to live here uh we have some breaking news coming out of the court system here that FTX has just been approved to begin paying its employees again and some of its contractors per Bankruptcy Court as part of the general bankruptcy proceedings I have to call this out because this is very unique in a situation where there seems to be some sort of a Ponzi scheme a definite fraud definitely mishandling of assets across the board there are multiple customers multiple vendors who are looking for their money this this is a travesty I understand whatamp;#39;s going on this is how courts work but team people need to speak up this is a big big problem just letting you know whatamp;#39;s going on here thank you

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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.
FTX says most customers of the bankrupt crypto exchange will get all their money back. Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing.
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.
FTX was the third-largest cryptocurrency exchange in the world when it filed for bankruptcy protection in November 2022 after it experienced the crypto equivalent of a bank run. CEO and founder Sam Bankman-Fried resigned when the exchange collapsed.
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.
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.
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.

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