Rework recipient in FTX

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Aug 6th, 2022
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How to rework recipient in FTX

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this is a simple case in my mind of where did the money go and I said Sam walk me back 24 months tell me the use of proceeds of the assets of your company where did you spend it and then he told me about a transaction that occurred over the last 24 months the repurchase of his shares from binance his competitor I didnamp;#39;t know this at the time but at some point CZ or binance who runs binance purchased 20 ownership in sandbank and Freedamp;#39;s firm for seed stock apparently ing to Sam bankman freed CZ would not comply with The Regulators requests in these different geographies these different jurisdictions to provide the data that would clear them for a license he withheld it ing to Sam Beckman freed the only option the management and sandbankment freed had was to buy him out

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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.
FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion. The Collapse of FTX: What Went Wrong With the Crypto Exchange? investopedia.com what-went-wrong-with-f investopedia.com what-went-wrong-with-f
The deadline for filing a proof of claim on account of your customer claim was on September 29, 2023 at 4pm ET. The Kroll Portal will remain accessible after the Bar Date to amend or file a claim.
(In Official Liquidation) you can create an account via the Joint Official Liquidators (JOLs) FTX Digital Claim Portal: where you can lodge an electronic claim and view and accept the balance on your FTX.com customer account (ing to JOLs records).
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
On Nov. 8, FTX halted all non-fiat customer withdrawals. On Twitter, Bankman-Fried posted a string of apologies explaining FTXs liquidity issues and promising more transparency. Binance withdrew from the deal. FTX Crash: Timeline, Fallout and What Investors Should Know - NerdWallet nerdwallet.com article investing ftx-cra nerdwallet.com article investing ftx-cra

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