Snip chapter in FTX

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Aug 6th, 2022
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How to snip chapter in FTX

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Hannah I mean Bahamas sees 3.5 billion dollars in FTX assets on custody concerns thatamp;#39;s the headline I woke up to this morning whatamp;#39;s the latest yeah so that gives us more insight into whatamp;#39;s happening here because there was this 370 to million dollar theft um of assets from the FTX exchange shortly after the company filed for bankruptcy on November 11th so there were these cyber security concerns and it makes sense that Bahamian authorities made a seizure whatamp;#39;s so fascinating of course is the what is 150 entities or there are thereabouts that file for bankruptcy within the FTX filing and Iamp;#39;m reading today that FTX Japan apparently is going to allow customers withdrawals from mid-February so interesting that almost Sam Batman freed built his reputation at FTX at alamina research in particular with that Arbitrage between trading crypto in Japan and trading it in the US and being able to make money perhaps not much as much as he declared but talk

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Andrew Scurria: What FTX is projecting is that most customers, 98%, which are the retail customers, individual traders, they will get back what they had invested as of the day FTX filed for bankruptcy plus interest to compensate them for the time value of their money, the little less than two years that their crypto How FTX Found Billions to Repay Customers - WSJ Podcasts wsj.com podcasts the-journal how-ftx- wsj.com podcasts the-journal how-ftx-
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. FTX creditors will have until Aug.
Chapter 11 bankruptcy 11 FTX filed for Chapter 11 bankruptcy protections as it assesses the value of its remaining assets, a company announcement said. A timeline of cryptocurrency exchange FTXs historic collapse - ABC News go.com Business story go.com Business story
As for the losers, the biggest ones are everyday crypto users and honest entrepreneurs who just watched another massive scandal befall the industry, and who will pay the price for SBFs behavior. The winners and losers from the FTX assassination | Fortune Crypto fortune.com crypto 2022/11/09 the-winners- fortune.com crypto 2022/11/09 the-winners-
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. Payments will be made in cash within 60 days of a reorganisation plan going into effect.
People who lost their money in FTX, once one of the biggest cryptocurrency exchanges in the world, are to be paid back, with interest. Billions were lost when the cryptocurrency exchange headed by convicted fraudster Sam Bankman Fried went bust in November 2022, with an estimated one million customers losing funds.
The collapse of FTX It began with the CoinDesk article and the leaked balance sheet. Binance initially announced it would sell all its FTT s because of the mishandled and blurred funds. The value of FTT dropped docHubly, prompting FTX customers to withdraw money from their accounts. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca
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, ing to a reorganization plan published late Tuesday.

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