Rework clause in FTX

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How to rework clause in FTX

4.6 out of 5

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Iamp;#39;m a user of FTX I deposited one Bitcoin into FTX unspot Iamp;#39;m not a leveraged Trader Iamp;#39;m just trying to understand where my Bitcoin is today in those few days following the collapse we processed about six billion dollars of withdrawals and those withdrawals in general were from a variety of sources coming you know futurist position from margin positions that were open broke down some of that distinction between the two sources Iamp;#39;m trying to piece together all of what happened and I donamp;#39;t have access because those Bitcoin actually didnamp;#39;t exist you were just letting us buy notional s that didnamp;#39;t actually really exist because otherwise you would have had to have the usdc somewhere I I believe that what youamp;#39;re saying is in fact part of what happened

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How is FTX paying people back?

Ryan Knutson: Customers are getting paid back in U.S. dollars, not cryptocurrencies, and theyre only getting paid back what those cryptocurrency holdings were worth the day the bankruptcy was filed back in November 2022.

How much will FTX pay 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.

What happens to my FTX assets?

The parents of FTX founder Sam Bankman-Fried are being sued for money they allegedly received improperly from the crypto firm ahead of its collapse. FTX: King of Crypto parents sued over missing millions - BBC bbc.com news business-66857146 bbc.com news business-66857146

Have FTX customers been repaid?

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.

Will FTX return funds?

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. Payments will be made in cash within 60 days of a reorganisation plan going into effect.

Can people get their money out of FTX?

While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. The specific pay day is estimated to be months away. While the gains are unusual and impressive, the biggest winners in the FTX affair are those who trade bankruptcy claims.

How do I get my money back from FTX?

Bankman-Fried found guilty of all charges Two counts of wire fraud conspiracy. Two counts of wire fraud. One count of conspiracy to commit money laundering. One count of conspiracy to commit commodities fraud. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sc techtarget.com whatis feature FTX-sc

Will people get their FTX money back?

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. Nearly all FTX customers are getting their money back: What to know latimes.com business story ftx-crypto latimes.com business story ftx-crypto

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