Vary chapter in FTX

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Aug 6th, 2022
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How to vary chapter in FTX

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we always look for the whale in in a situation like this and if if there was a whale out there it was FTX and and Sam bankman freed you know King of the Hill uh so uh I think we found the whale Iamp;#39;m sure there are going thereamp;#39;s going to be more Fallout but we see how big the whale is and yes a lot of people have lost a lot of money around uh the crypto asset ecosystem uh losing value here but if weamp;#39;re right on the underlying technology and the underlying roles that Bitcoin and ether ethereum are going to play in this new world uh then uh I I think weamp;#39;re going to recover pretty quickly Kathy Wood the founder and chief executive officer of Arc invest is doubling down on her Bitcoin and crypto bet despite the massive price declines triggered by the FTX collapse ing to recent reports Woods investment management firm has been topping its Holdings of crypto change coinbase and the grayscale Bitcoin Trust on November 21 ing to numbers from Woodamp;#39;s dedicat

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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.
FTX was a centralized cryptocurrency exchange that filed for bankruptcy protection in the U.S. Sam Bankman-Fried, FTXs founder and former CEO, was charged and convicted for stealing customer deposits and defrauding investors. What Was FTX? An Overview of the Exchange - Investopedia investopedia.com ftx-exchange-5200842 investopedia.com ftx-exchange-5200842
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 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.
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
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.
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

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