Rub out motif in FTX

The best way to rub out motif in FTX

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How to rub out motif in FTX

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I was checking out your tweets and you say you expect larger crashes and Iamp;#39;m thinking well what could be larger than FTX well unfortunately itamp;#39;s a 10 billion dollar hole that they left which Iamp;#39;m guessing is hundreds of thousands of families that have been completely wiped out they were the second largest cryptocurrency exchange so who would be bigger well thereamp;#39;s people behind the scenes so yesterday we saw Genesis which is kind of a Backwater company for a lot of these they provide liquidity loans Etc a lot of yield farming and whatnot and they had to ask for an emergency one billion dollar loan we saw the cryptocurrency exchange Gemini which is one of the largest had to Halt withdraws from that product as well and so we donamp;#39;t know who has exposure to this 10 billion maybe not from a customer standpoint as big as FTX but Dollar Wise could be bigger because Genesis is back the grayscale Bitcoin trust with hundreds of thousands of Bitcoins in cust

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How much will FTX pay back?

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.

Is FTX paying out?

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.

How much will FTX customers get back?

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.

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.

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%.

What happens to my assets in FTX?

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.

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.

Are FTX customers getting money back?

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.

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