Vary look in FTX

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How to vary look in FTX

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welcome back to Fast Money More Fallout today in the wake of ftxamp;#39;s collapse crypto lender blocked by preparing to file for bankruptcy this ing to the Wall Street Journal blocked by acknowledged it has quote docHub exposure to FTX in a blog post yesterday months after receiving a bailout from the crypto exchange today at the CNBC technology executive Council I had a chance to sit down with former treasury secretary under President Trump Stephen mnuchin I asked him about the crypto landscape and his own dealings with FTX in particular FTX we looked at investing twice in past both times but you know I do think the underlying technology of blockchain has very interesting implications if you separate it from the issue of you know an asset class well I kept pressing him he talked a little bit more about his second encounter with the company I will tell you the second time we looked at it it was five times the valuation of the first time and uh you know we were a bit surprised at

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What happens now with 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 is the current status of FTX?

FTX was the third-largest cryptocurrency exchange in the world when it filed for bankruptcy protection in November 2022 after it experienced the crypto equivalent of a bank run. CEO and founder Sam Bankman-Fried resigned when the exchange collapsed.

Whats the latest news on FTX?

Latest FTX News. Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH)

What happen to FTX money?

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.

What is happening with FTX today?

Crypto experts have for months expected docHub recoveries in the FTX bankruptcy. Some opportunistic investors have bought bankruptcy claims from the exchanges customers for pennies on the dollar, hoping to profit when the payouts begin.

What happens to my assets in FTX?

What Happened to FTX? FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion.

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