Fix payee in FTX

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Aug 6th, 2022
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fix payee in FTX by reading these steps:

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How to fix payee in FTX

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this is a simple case in my mind of where did the money go and I said Sam walk me back 24 months tell me the use of proceeds of the assets of your company where did you spend it and then he told me about a transaction that occurred over the last 24 months the repurchase of his shares from binance his competitor I didnamp;#39;t know this at the time but at some point CZ or binance who runs binance purchased 20 ownership in sandbank and Freedamp;#39;s firm for seed stock apparently ing to Sam bankman freed CZ would not comply with The Regulators requests in these different geographies these different jurisdictions to provide the data that would clear them for a license he withheld it ing to Sam Beckman freed the only option the management and sandbankment freed had was to buy him out

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FTX customers will get their money back and morebut the biggest winners are bankruptcy traders. Sam Bankman-Fried, the former CEO of FTX, is serving a 25-year sentence. In a rare outcome for bankruptcy, customers of the failed cryptocurrency exchange FTX will recover all of their moneyand then some.
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.
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.
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.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
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.
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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