Snip topic in FTX

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Aug 6th, 2022
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How to snip topic in FTX

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foreign hello and welcome to this weekamp;#39;s edition of hard money Iamp;#39;m Natalie Brunell before we get into the latest news make sure youamp;#39;re subscribed to this page so you donamp;#39;t miss out on any new content and hit like on this video so other people see it alright as the dust begins to settle on one of the biggest Financial implosions in cryptoamp;#39;s history weamp;#39;re learning more about the collateral damage from the collapse of FTX this is being described as a moment that will change the crypto industry forever some are even calling it The crypto version of Lehman Brothers Enron and Bernie Madoff all in one so hereamp;#39;s the latest headline in this Saga weamp;#39;re learning that FTX may have as many as one million creditors court documents have revealed that dozens of regulators around the world are looking into just how far and wide the FTX collapse has spread last Friday FTX estimated more than a hundred thousand creditors coul

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The FTX has constantly failed to regain momentum, resulting in the altcoin recording a YTD of -56.11% in valuation. Furthermore, the Simple Moving Average (SMA) displays a bearish convergence in the chart, suggesting the price will continue losing value in the coming time.
FTX crashed due to mismanagement of funds, lack of liquidity and the large volume of withdrawals. Binance announced it would buy FTX to prevent a larger market crash, but quickly bailed out of the deal as more news reports of mishandled customer funds surfaced. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca
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. However, this plan still needs to be approved by a US bankruptcy court and by creditors.
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims in cash within 60 days of court approval, ing to new documents filed Tuesday evening.
What happened to FTX? FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low on Nov. 9, 2022. FTX Crash: Timeline, Fallout and What Investors Should Know - NerdWallet nerdwallet.com article investing ftx-cra nerdwallet.com article investing ftx-cra
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-
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
ing to the agencies, Bankman-Fried and top executives lied about FTXs financial health to investors, customers, and lenders and hid a billion-dollar hole in its balance sheet with financial statements, inflated valuations of speculative s like FTXs FTT exchange coin, and cryptocurrencies borrowed from 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

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