Fill in record in FTX

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How to fill in record in FTX

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ftx raised 900 million dollars in a series b announced yesterday valuing the crypto exchange at 18 billion thatamp;#39;s just crazy the previously the previous record holder by most accounts for the largest crypto raise was 440 million by circle earlier this year so doubling that quite impressive sam bankman freedamp;#39;s ftx crypto trading empire continues to grow and the thing that stands out to me here is that investors clearly think thereamp;#39;s another coin base in the making out here right thereamp;#39;s room for another big centralized exchange to serve the market and coinbase is not going to be the only one to do it so weamp;#39;re seeing that now in this funding round people putting some serious money behind their conviction that this company could be extremely valuable one day uh iamp;#39;m gonna throw this to ben off the top uh why are these numbers so big they just make all the other stuff look so small why what like what whatamp;#39;s whatamp;#39;s the secret wh

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Can people get their money out of FTX?

While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. The specific pay day is estimated to be months away. While the gains are unusual and impressive, the biggest winners in the FTX affair are those who trade bankruptcy claims.

What happens to my money on FTX?

At its peak in July 2021, the company had over one million users and was the third-largest cryptocurrency exchange by volume. 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. FTX - Wikipedia wikipedia.org wiki FTX wikipedia.org wiki FTX

Are FTX customers being repaid in full with interest?

Bankrupt Crypto Firm FTX Is Going to Pay Customers Back in Full Plus Interest A majority of customers would get at least 118% of their money back under a proposed plan, as the company now has up to $16.3 billion in cash to use.

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 repay customers?

At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

Can I get back my FTX money?

Under FTXs re-organisation plan, customers whose claims amount to US$50,000 or less will receive roughly 118 per cent of the amount of their allowed claim. About 98 per cent of creditors will receive this compensation.

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