Fill in state in FTX

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How to fill in state in FTX

4.7 out of 5

3 votes

George Carlin said it best thereamp;#39;s a big club and you ainamp;#39;t in it seems like CZ might not be in it as well letamp;#39;s remember there was a sovereign state that was a investor in FTX and of course Iamp;#39;m talking about Ukraine a government bought into that company so always found that a little odd not a pension fund not an investment arm of something as a Sovereign Nation

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What happens to my FTX assets?

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. Collapsed FTX exchange plans to repay investors - The Conversation The Conversation collapsed-ftx-exchange-pla The Conversation collapsed-ftx-exchange-pla

Did FTX customers get their money back?

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.

What happened to people with money in FTX?

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.

How much of the FTX money was recovered?

Sam Bankman-Fried resigned as CEO and the company filed for bankruptcy. FTX said Tuesday it had recovered assets associated with the exchange at the time of its collapse with an estimated value of between $14.5 billion and $16.3 billion.

How much did FTX customers lose?

ing to the prosecution, Bankman-Fried stole billions of dollars from the crypto exchanges customers out of sheer greed. One key issue was how much money FTXs customers lost. During the trial, the prosecution and its witnesses repeatedly in fact, 97 times put that number at $US8 billion ($12 billion).

Will people get their money back from FTX?

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. Nearly all FTX customers are getting their money back: What to know Los Angeles Times business story ftx-crypto-m Los Angeles Times business story ftx-crypto-m

How much customer money did FTX lose?

$8bn At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn. Old-fashioned embezzlement: where did all of FTXs money go? | FTX The Guardian business mar where-di The Guardian business mar where-di

What happens if FTX goes under?

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. What Happens When a Crypto Exchange Goes Bankrupt? Investopedia crypto-bankruptcy-affect Investopedia crypto-bankruptcy-affect

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