Fix payer in FTX

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Aug 6th, 2022
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How to fix payer in FTX

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this is the real deal this is a man who has been instrumental in making sure that this Market works right and the JP Morgan is not the analogy is not a facetious if these guys didnamp;#39;t know what was going on here then who can you really trust think about these names these are the proverbial smartest people in the room so many people in crypto feel duped and I I do as well is that I look back at all the interactions that I had with Sam and um you know I felt like he was a very bright and uh genuine and eager person perhaps a bit young you know heamp;#39;s um perhaps a bit uh reckless in certain moments but not not corrupt not um and again I hate to use that word because we donamp;#39;t know exactly what happened you know sometimes people they get in over their head itamp;#39;s unbelievably frustrating uh that you know we basically have a situation that looks like theyamp;#39;re an

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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. FTX creditors will have until Aug.
FTX customers are set to recover all funds lost, plus interest. Bankruptcy lawyers say they have collected $14.5 billion to $16.3 billion and are ready to distribute it to defrauded customers.
Using the Customer Claims Portal Step 1: Login. Step 2: Email Verification. Step 3: Providing Know Your Customer Information. Step 4: Review Account Balances. Step 5: View Your Proof of Claim Status. Step 6: Voting. Step 7: Distributions - Tax Requirements. Step 8: Distributions - Payout Options.
People who lost their money in FTX, once one of the biggest cryptocurrency exchanges in the world, are to be paid back, with interest. Billions were lost when the cryptocurrency exchange headed by convicted fraudster Sam Bankman Fried went bust in November 2022, with an estimated one million customers losing funds.
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. Payments will be made in cash within 60 days of a reorganisation plan going into effect.
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.
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.
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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