Paste answer in FTX

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How to paste answer in FTX

4.9 out of 5

70 votes

itamp;#39;s Walking Dead like Anarchy thereamp;#39;s no regulatory oversight no consumer protections no licensure no insurance no net capital no transparency no sunlight we have no idea whatamp;#39;s going on inside of these entities and if SPF is actually using Alameda which all of the allegations seem to be leading to as his personal piggy bank for whatever he wants to use it for this is very serious because youamp;#39;re not just talking about SEC violations right now the Department of Justice is getting together I was just at the FBI on Friday in a big meeting just relating to some general concerns about cyber and crypto and these people are all mobilizing right now search warrants arrests all of those things are going to happen very quickly the whistleblowers are mobilizing the informants are mobilizing because theyamp;#39;re seeking immunity this is worse than theranos this is worse than Madoff itamp;#39;s what Iamp;#39;m reading is true thatamp;#39;s my opinion

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Will FTX victims get their money back?

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. FTX customers will get their money back and morebut the biggest Fortune crypto 2024/05/08 ftx-custome Fortune crypto 2024/05/08 ftx-custome

Will I get anything back from FTX?

Criminal charges and lawsuits. Authorities arrested Bankman-Fried on Dec. 12, 2022, for multiple fraud charges with FTX. Bankman-Fried was indicted by the U.S. District Court on eight criminal charges, including money laundering, wire fraud, campaign finance violations and securities fraud. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca

What is the expected payout for FTX?

Under the proposed plan, almost all creditors are expected to receive over 100% of their claims, with those claiming $50,000 or less receiving about 118%. FTX Creditors to Receive 118% Payout in New Recovery Plan BSC News post ftx-creditors-to-receive-118-pay BSC News post ftx-creditors-to-receive-118-pay

What does FTX stand for?

What happened to FTX? FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low on Nov. 9, 2022. FTX Crash: Timeline, Fallout and What Investors Should Know - NerdWallet nerdwallet.com article investing ftx-cra nerdwallet.com article investing ftx-cra

Has FTX paid back?

Since filing for bankruptcy, FTX has recovered up to $16 billion to repay customers, including about $12 billion in cash, and it says it will repay all customer claims in full, with interest. FTX seeks creditor votes on bankruptcy wind-down payments Reuters legal ftx-seeks-creditor-vot Reuters legal ftx-seeks-creditor-vot

Can I get back my FTX money?

Under FTXs re-organisation plan, customers whose claims amount to US$50,000 or less will receive roughly 118 per cent of the amount of their allowed claim. About 98 per cent of creditors will receive this compensation. Will Singapores Temasek get its money back from FTX? The Straits Times business will-singapore- The Straits Times business will-singapore-

Did FTX pay back?

FTX: new technology, old-fashioned embezzlement 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. Old-fashioned embezzlement: where did all of FTXs money go? | FTX theguardian.com business mar where-d theguardian.com business mar where-d

How much money did FTX steal?

The U.S. federal government on Wednesday charged three people with a yearslong phone hacking conspiracy that culminated in the infamous theft of $400 million from FTX as Sam Bankman-Frieds crypto exchange was collapsing. FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft coindesk.com policy 2024/02/01 ftx-h coindesk.com policy 2024/02/01 ftx-h

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