Put in look in FTX

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How to put in look in FTX

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Bitcoin off the lows after dipping below 50,000 having its worst week since the fall of FTX though the cryptocurrency is still sliding amid a larger correction across markets ethereum by the way briefly seeing its biggest single day drop since late 2021 here with more on the state of crypto we have bitwise Asset Management CIO Matt Hogan Matt it is good to see you so you know you look at Bitcoin today Matt and coming under this pressure Iamp;#39;m curious why do why do you think it came Under Pressure Matt is it because investors see it as just you know itamp;#39;s itamp;#39;s a very speculative asset because of margin calls what are the reasons Matt yeah I think youamp;#39;re pointing right at it you know weamp;#39;ve seen this before in history this reminds me a lot of what happened in the early days of covid I remember Bitcoin selling off 37% on March 12th 2020 that day we woke up to the reality of covid itamp;#39;s a speculative asset itamp;#39;s a liquid asset that can be s

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What happens if FTX fails?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in a court filing Tuesday that between $14.5 billion and $16.3 billion would be available for distribution.

What happens if FTX goes under?

In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.

What will happen to money in FTX?

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.

Will FTX investors get 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.

Will the FTX recover?

The FTX has constantly failed to regain momentum, resulting in the altcoin recording a YTD of -56.11% in valuation. Furthermore, the Simple Moving Average (SMA) displays a bearish convergence in the chart, suggesting the price will continue losing value in the coming time.

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.

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