Rework chapter in FTX

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Aug 6th, 2022
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How to rework chapter in FTX

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this video is brought to you by curiositystream hi welcome to another episode of Cold Fusion so last episode we ran through the complete history of the FTX situation to sum it all up a man named Sam bankman freed founded a crypto hedge fund and exchange worth 37 billion dollars it had investments from Big players such as BlackRock and endorsements from celebrities in the end it was all a bit of a Ponte scheme ran by Sam and his girlfriend and a bunch of their friends in the Bahamas investors and customers lost billions in the disaster last time we left off Sam was under police surveillance in the Bahamas and was still Tweeting about making it up to customers but today weamp;#39;ll cover some major updates since then from leaked messages to criminal investigations as well as some inside information on the full extent of the companyamp;#39;s mess called Fusion TV so after the dust had settled from the original shock of the bankruptcy and the wild story leading up to it ftxamp;

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Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
How is FTX able to repay its customers? FTX is repaying its customers through the liquidation of its assets, which have appreciated docHubly in value, and through the positive effects of a bullish cryptocurrency market. 3.
John J. Ray III (born January 1959) is an American attorney and CEO who specializes in recovering funds from failed corporations. He was appointed CEO of cryptocurrency exchange FTX in the aftermath of its November 2022 collapse. John J. Ray III - Wikipedia wikipedia.org wiki JohnJ.RayIII wikipedia.org wiki JohnJ.RayIII
FTX crashed due to mismanagement of funds, lack of liquidity and the large volume of withdrawals. Binance announced it would buy FTX to prevent a larger market crash, but quickly bailed out of the deal as more news reports of mishandled customer funds surfaced. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca
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.
Chapter 11 bankruptcy 11 FTX filed for Chapter 11 bankruptcy protections as it assesses the value of its remaining assets, a company announcement said. A timeline of cryptocurrency exchange FTXs historic collapse - ABC News go.com Business story go.com Business story
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. Sorry, a summary is not available for this article at this time. Please try again later.

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