Rework pecularity in FTX

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How to rework pecularity in FTX

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Mr Oamp;#39;Leary I know that you are a big supporter of crypto even after you lost 10 million dollars in ftxamp;#39;s collapse but you are an experienced investor so let me ask you do you believe that the potential benefits of crypto are so promising that we should accept weaker anti-money laundering rules we should apply the same regulatory structure that we apply to existing trading of stocks and bonds an exchanges tied to broker dealers that is not complicated itamp;#39;s already been implemented in other countries and so and I I take issue Senator with your concept that it makes it easier to do money laundering currencies have been used for drug trafficking since the 60s in the American dollar when it was thrown out of a Piper aircraft in a duffel bag the American dollar is also used by Bad actors all the time crypto doesnamp;#39;t get a pass to help the worldamp;#39;s worst criminals

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What will happen to FTX accounts?

The announcement was a landmark in the attempt to track down the $8 billion in customer assets that disappeared when FTX imploded virtually overnight, setting off a crisis in the crypto industry. FTX Customers Poised to Recover All Funds Lost in Collapse nytimes.com ftx-bankruptcy-recovery nytimes.com ftx-bankruptcy-recovery

Have FTX customers been repaid?

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.

Did FTX pay back investors?

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.

Are FTX customers being repaid in full with interest?

Bankrupt Crypto Firm FTX Is Going to Pay Customers Back in Full Plus Interest A majority of customers would get at least 118% of their money back under a proposed plan, as the company now has up to $16.3 billion in cash to use.

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 I ever get my FTX money 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 do I claim FTX losses?

The collapse of FTX has affected confidence in other cryptocurrency exchanges and cryptoassets, however systemic market participants appear to have little or no exposure to the exchange and consequently the impact on the financial system appears limited. Impact of FTX Collapse on Financial Markets Appears Limited morningstar.com research impact-of-ftx-c morningstar.com research impact-of-ftx-c

How will FTX pay back customers?

This scenario underscores the importance of due diligence. Even sophisticated investors can fall prey to the bandwagon effect, where they fear missing out on the next big thing. However, as demonstrated by FTXs collapse, following the herd can lead to bad investments. Cryptocurrency: Lessons From The Fall Of FTX | Oyster Consulting oysterllc.com what-we-think cryptocurre oysterllc.com what-we-think cryptocurre

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