Undo effect in FTX

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Aug 6th, 2022
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How to undo effect in FTX

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I know youamp;#39;re all probably tired of hearing about cryptoamp;#39;s least favorite joofro so youamp;#39;d probably be happy to hear that heamp;#39;s going to be extradited by the United States heamp;#39;s also getting sued by a lot of people and heamp;#39;s taken quite a few people with him Tom Brady Steph Curry Shaq David Ortiz shohei uttani Trevor Lawrence Kevin Oamp;#39;Leary and the entire Golden State Warriors team they were all getting sued along with SPF in a class action lawsuit for promoting a fraudulent scheme and taking advantage of unsophisticated investors not to mention people are absolutely ripping crypto off of Gemini and crypto.com because of contagion fears and blockify is about to go bankrupt all that caused by this little pieces

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ICYMI: FTX, the crypto exchange that has become a byword for fraud and a black eye on the face of the entire digital asset industry, said that virtually all of the people who had money frozen on the platform will get their money back, plus interest. That is an extraordinary outcome.
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.
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.
While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. The specific pay day is estimated to be months away. While the gains are unusual and impressive, the biggest winners in the FTX affair are those who trade bankruptcy claims.
0:00 3:52 Still has to be approved by the bankruptcy court here. Its worth noting that of course when.MoreStill has to be approved by the bankruptcy court here. Its worth noting that of course when.
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.
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 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.

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