Negate point in FTX

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How to negate point in FTX

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FTX announced they were working on creating a stable coin November 2nd 2022 the balance sheet of FTX is leaked to coindesk a dcg controlled media arm November 9th CZ dumps ftt and the rest is history I would like to submit his evidence FTX getting brought down yes they were insolvent yes it was their fault more tied to this article than any article that youamp;#39;ve ever read stable coins this is where the banks plan to control crypto plan to control privacy make it where you canamp;#39;t spend your own money itamp;#39;s dangerous dangerous dangerous territory

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How much money did people lose in FTX?

At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

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 happen to my 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.

What happened with FTX in simple terms?

In the aftermath of FTXs fall 2022 collapse, media estimates of customer losses ranged from $8 billion (the worth of assets on FTXs balance sheet that were unaccounted for) to $16 billion (the amount of funds frozen) to $32 billion (the market value of FTX prior to its implosion).

What is the negative balance of the FTX?

At trial, the court heard from an accounting expert who said that $11.3bn in customer funds were supposed to be held at Alameda Research, FTXs hedge fund arm. But only $2.3bn could be located. The rest had gone toward investments, political contributions, charity foundations and real estate purchases.

Will FTX customers get their money back?

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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