Undo space in FTX

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Aug 6th, 2022
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How to undo space in FTX

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foreign my name is Vanessa you can find me at technology poet on Twitter and today weamp;#39;re going to be diving into an extremely important topic um how to stay safe in crypto while everything burns down around you um and oh my goodness is it burning so uh weamp;#39;ll weamp;#39;ll cover uh quite a few different topics today um definitely encourage you that if youamp;#39;re you know following along if youamp;#39;re on YouTube we will be jumping to comments and and questions from the chat as well so you know please pop any questions you have in the chat as Iamp;#39;m able to Iamp;#39;ll cover them um if youamp;#39;re following Along on Twitter um I will probably not be looking at any comments on on the Twitter stream and uh during the live show so if you want to ask a Live question you know uh pop on in um do you also want to say you know hi to the folks who are here uh Ryan Fisker welcome itamp;#39;s great to have you here and if you are here just you know Papa hi w

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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.
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 said that it has between $14.5 billion and $16.3 billion to distribute to creditors.
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 is FTX able to repay its customers? FTX is repaying its customers through the liquidation of its assets, which have appreciated docHubly in value, and through the positive effects of a bullish cryptocurrency market. 3.
Internal Control challenges at FTX The primary issue leading to its downfall was the lack of a secure framework for financial transactions on the platform. Without appropriate controls, hackers could exploit weaknesses in FTXs system and steal large sums of money from users accounts.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

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