Fill in shadow in FTX

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Aug 6th, 2022
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How to fill in shadow in FTX

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hey whatamp;#39;s up guys hope you guys are doing really well all right so weamp;#39;re going to take a look into how anyone can go ahead and participate in the upcoming shadow ideal shadow idea okay which is nothing but the of shadow protocol by genesis go okay and um just some housekeeping uh if you are new to crypto this is for you if you already are familiar with d5 and all that stuff uh itamp;#39;s probably not for you okay so letamp;#39;s jump in okay what iamp;#39;ve done is iamp;#39;ve created some slides you know based on the information that theyamp;#39;ve shared and also ing to um some processes and methods that you can go ahead and actually do that if youamp;#39;re new to crypto as i mentioned and also weamp;#39;ll be doing this in practice so itamp;#39;s like a process how you actually know how to actually find information and do it yourself next time okay so um letamp;#39;s jump in okay all right as you can see over here in the agenda i have five different poin

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In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.
FTXs Original Sin Is a Warning to All of Crypto; Evidence from the criminal trial of Sam Bankman-Fried suggests fraud was built into FTX from the very beginning.
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 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.
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.

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