Rub out certification in FTX

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Aug 6th, 2022
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How to rub out certification in FTX

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this is Sam bankman freed people call him SPF heamp;#39;s the founder of FTX he also control the crypto hedge fund called Alameda research but thatamp;#39;s all gone now he wants you to think heamp;#39;s a sweet guy he even brought in a famous YouTuber who called him the most generous man in the world yep that happened truth is stand back with freed is a liar and a crook his personal crypto FTX was basically a Ponzi scheme hidden below layers of moon bro jargon he even went on Bloombergamp;#39;s podcast and bragged about it yep that happened he used his Ponzi as collateral to borrow billions of real dollars that he couldnamp;#39;t pay back he then used those real dollars to build an Empire out of dying companies like Voyager and block fight this led Jim Cramer to call him the new JP Morgan thatamp;#39;s weird itamp;#39;s not like Jim Cramer to promote a billionaire con artist SBF sold people cryptos like Bitcoin or so they thought what they really bought from SPF was an IOU but

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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.
Federal prosecutors say Powell and Hernandez conspired to steal the phone number of an FTX employee on Nov. 11, 2022, the day the exchange filed for bankruptcy protection. Powell then transferred more than $400 million in crypto from FTX to accounts that he and others controlled, the indictment says.
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. This covers about 98% of FTX customers.
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 founder Sam Bankman-Fried, left, arrives at a federal courthouse in Manhattan on Feb. 16, 2023. Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.
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.
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.

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