Strike out identification in FTX

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How to strike out identification in FTX

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like I was saying itamp;#39;s FTX itamp;#39;s a safe and easy way to get into crypto yeah I donamp;#39;t think so and Iamp;#39;m never wrong about this stuff never better myself last year we made a video about an exciting high growth crypto business called FTX founded by Sam Bachman freed who at the time was being compared to Warren Buffett for starting a business that had docHubed a 32 billion valuation calling SoftBank and BlackRock its investors but little did we know at the time that 18 months later all hell would break loose on this shambolic mess of a company that has been described as having worse risk controls than Enron some people have found a few things that Boggle the mind like the fact that the chief operating officer at FTX was Constance Wang who had only graduated in 2015. venture capitalist Anna mostrak tweeted Constance Wang the CEO of FTX is an ex-credit Swiss analyst with two years of experience in Risk Management it was her first job out of University if youamp;

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can I deduct my FTX losses?

Generally, where you can recover an item it is not lost, which may delay the process until more details of the FTX events are determined. In the US if your crypto funds become totally worthless and irrecoverable, you may be eligible to write them off as a nonbusiness bad debt on your taxes.

How do I claim against FTX?

In order to submit a claim you will first need to create an account on the FTX Digital Claim Portal. Once you have created your account you will be able to link your FTX accounts, view the account balances (per the JOLs records) and submit a claim.

What happens if FTX goes under?

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.

How do I claim FTX losses?

First, you need to import your trades from FTX. Then, CoinTracking will determine your capital gains/losses, and you can generate tax reports. In the US, you need to include crypto gains/losses on Form 8949 and Schedule D of your Form 1040.

Will customers get money back from 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.

What if I lost money in FTX?

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.

How to claim money from FTX?

Using the Customer Claims Portal Step 1: Login. Step 2: Email Verification. Step 3: Providing Know Your Customer Information. Step 4: Review Account Balances. Step 5: View Your Proof of Claim Status. Step 6: Voting. Step 7: Distributions - Tax Requirements. Step 8: Distributions - Payout Options.

How do I get my money back from FTX?

ing to a news release filed Tuesday by FTX, which is going through reorganization, 98% of FTX creditors, including individual investors, who had $50,000 or less with the company will receive the funds they lost, in cash, within 60 days of a reorganization plan going into effect.

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