Rework questionaire in FTX

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Aug 6th, 2022

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How to rework questionaire in FTX

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73 votes

you have been calling out FDA for quite some time already I told everybody get their money off uh weeks ago yeah I mean Iamp;#39;ve had so many people message me and say thank you so much like you got my you helped me get my life savings off you know one guy was saying we sent him 300 000 I mean millions of dollars went off of FTX uh because we were blowing the whistle on this stuff

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How much money will be recovered from FTX?

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.

How much money did customers lose in FTX collapse?

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.

How will FTX repay 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. However, this plan still needs to be approved by a US bankruptcy court and by creditors.

Will I get anything back from FTX?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

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%.

How much can I claim from FTX?

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. But some creditors have described the plan as insulting.

How much are FTX customers getting back?

That comes out to a 290% loss, a bit less than that if accrued interest is counted, if those investors had held onto those coins. Customers and creditors that claim $50,000 or less will get about 118% of their claim, ing to the plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware.

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.

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