Modify result in FTX

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How to modify result in FTX

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all right so we have a couple FTX updates um we got an email this past week or so um actually yeah yeah March or sorry May 1st um a court date set for June 25th for the hearing so that is good to see some progress there thank you lwis for tagging that in my other video I got the email but it was in my junk folder so um pulled this up and yeah so we weamp;#39;ve got that court date set here um so seeing some progress made on that front we also have the um rates set for the valuations so this was filed actually back in February I didnamp;#39;t see this on my last update but they now have all the valuations of the different cryptocurrencies that FTX held and what they will be paying out for them so we can see here for example Le uh Bitcoin BTC right there being valued at 16,000 87 18 16, 871 and yeah that pretty much lines up with when the market started dropping and FTX went into bankruptcy so we have that information now which gives us that valuation which is good news in the sense th

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What happens to my assets in FTX?

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.

What if I lost money in FTX?

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.

What happens to my crypto in FTX?

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. FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors.

Will I get anything back from FTX?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

How to claim FTX refund?

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.

What happened to my crypto on FTX?

FTX was the third-largest cryptocurrency exchange in the world when it filed for bankruptcy protection in November 2022 after it experienced the crypto equivalent of a bank run. CEO and founder Sam Bankman-Fried resigned when the exchange collapsed.

Will I get my crypto back from FTX?

FTX says most customers of the bankrupt crypto exchange will get all their money back. Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing.

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