Faint look in FTX

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Aug 6th, 2022
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How to faint look in FTX

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well now David Hollerith has also been following this story and its impact on the broader crypto market so David what were your biggest takeaways from the hearing today yeah um just to sort of drill down into what Alexis pointed out um uh the fact that the customers and or creditors uh the list is being redacted is sort of uh different from what was seen in the Celsius case so um you know that was something that was not very clear um I I think the other elephant in the room that was not real it was brought up but it was not addressed in any more detail than what we have in court documents is what to make of the stolen funds from FTX that happened uh directly after the bankruptcies filing a few weeks ago and thatamp;#39;s somewhere between 400 and 470 million dollars of cryptocurrencies um that is have been stolen by hackers um also confusing that has it been addressed either and will continue to be a hot topic for the Bahamas I mean for uh this hearing is the Bahamas jurisdict

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Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
People who lost their money in FTX, once one of the biggest cryptocurrency exchanges in the world, are to be paid back, with interest. Billions were lost when the cryptocurrency exchange headed by convicted fraudster Sam Bankman Fried went bust in November 2022, with an estimated one million customers losing funds.
Heres a look at some of the famous faces who lost big in the FTX crypto collapse. Tom Brady. Tom Brady is the most famous face to promote and invest in FTX and he also may have suffered the greatest individual loss. Gisele Bndchen. Kevin OLeary. Robert Kraft. Robert Belfer. Anthony Scaramucci. Stephen Curry. Naomi Osaka. Who Lost Money in FTX? Tom Brady, Kevin OLeary and More entrepreneur.com business-news who-los entrepreneur.com business-news who-los
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.
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.
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 happened to FTX? FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low on Nov. 9, 2022. FTX Crash: Timeline, Fallout and What Investors Should Know - NerdWallet nerdwallet.com article investing ftx-cra nerdwallet.com article investing ftx-cra
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.

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