Rub out comma in FTX

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

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it appears at this point that back during the last shakeup in the crypto industry where you know Terra Luna and Voyager and Celsius and three arrows went under uh Alameda took a big loss at that time as well they may have even been underwater and instead of just saying hey you know this hedge fundamp;#39;s going to blow up too which would have been unfortunate people you know Sam would have lost money itamp;#39;s embarrassing but itamp;#39;s not illegal for a hedge fund to blow up it happens with some regularity instead of just letting it blow up it seems like at this point he took customer funds but you have to explain he all he owns both thatamp;#39;s for the people that may not understand that right so itamp;#39;s a related part he owns his own exchange called FDX and he owns his own hedge fund called Alameda which operates inside of FTX as well as in other places right yeah so it seems they had this solvency issue and instead of just letting it blow up Sam basically said hey w

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Since its bankruptcy filing in 2022, FTXs new management has been able to recover $16 billion to pay back customers, and has said it plans to repay them in full.
On Nov. 8, FTX blocked customers from taking money out of the platform by removing that option online, which meant hundreds of thousands of customers did not have access to their money. When FTX could not pay the $8 billion gap, the company filed for bankruptcy.
Nearly all of FTXs former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchanges collapse if not more.
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.
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.
In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion.
FTX says it will return money to most of its customers : NPR. FTX says it will return money to most of its customers 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.

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