Fill in legend in FTX

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How to fill in legend in FTX

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first you got to understand crypto thereamp;#39;s speculation right thatamp;#39;s all the noise right then thereamp;#39;s things that have happened with voyager and with FTX now thatamp;#39;s somebody running a company thatamp;#39;s just dumb as greedy right so what does Sam Beckman do heamp;#39;s just give me more give me more give me more so Iamp;#39;m going to borrow money loan it to my learn to an Affiliated company and hope and pretend to myself that the ftt s that are in there on my balance sheet are going to sustain their value

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What will happen to FTX now?

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.

What is the expected recovery of FTX?

Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims in cash within 60 days of court approval, ing to new documents filed Tuesday evening.

What was Sam Bank Friedmans sentence?

Samuel Bankman-Fried, also known as SBF, 32, of Stanford, California, was sentenced today to 25 years in prison, three years of supervised release, and ordered to pay $11 billion in forfeiture for his orchestration of multiple fraudulent schemes.

How much will FTX customers get back?

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.

Will I ever get my FTX money back?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

Will FTX ever recover?

Crypto experts have for months expected docHub recoveries in the FTX bankruptcy. Some opportunistic investors have bought bankruptcy claims from the exchanges customers for pennies on the dollar, hoping to profit when the payouts begin.

Will the FTX recover?

The FTX has constantly failed to regain momentum, resulting in the altcoin recording a YTD of -56.11% in valuation. Furthermore, the Simple Moving Average (SMA) displays a bearish convergence in the chart, suggesting the price will continue losing value in the coming time.

How much money did FTX steal?

NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkinds dramatic downfall.

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