Vary side in FTX

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Aug 6th, 2022
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How to vary side in FTX

4.7 out of 5
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it appears at this point that back during the last shakeup in the crypto industry where you know Terra Luna and Voyager and Celsius and three arrows went under uh Alameda took a big loss at that time as well they may have even been underwater and instead of just saying hey you know this hedge fundamp;#39;s going to blow up too which would have been unfortunate people you know Sam would have lost money itamp;#39;s embarrassing but itamp;#39;s not illegal for a hedge fund to blow up it happens with some regularity instead of just letting it blow up it seems like at this point he took customer funds but you have to explain he all he owns both thatamp;#39;s for the people that may not understand that right so itamp;#39;s a related part he owns his own exchange called FDX and he owns his own hedge fund called Alameda which operates inside of FTX as well as in other places right yeah so it seems they had this solvency issue and instead of just letting it blow up Sam basically said hey w

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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-
FTX customers will get their money back and morebut the biggest winners are bankruptcy traders. Sam Bankman-Fried, the former CEO of FTX, is serving a 25-year sentence. In a rare outcome for bankruptcy, customers of the failed cryptocurrency exchange FTX will recover all of their moneyand then some.
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.
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
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
The FTX has constantly failed to regain momentum, resulting in the altcoin recording a YTD of -56.11% in valuation. Furthermore, the Simple Moving Average (SMA) displays a bearish convergence in the chart, suggesting the price will continue losing value in the coming time.
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. FTX said in a statement Tuesday that it expects 98% of its creditors to receive approximately 118% of the amount of their allowed claims.

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