Forex Policy’s Post

FTX customers are finally set for refunds after the crypto firm’s dramatic collapse. Billions in assets have been recovered and will be redistributed to those affected. While relief is on the way, the amount depends on the final liquidation process. Stay informed as the crypto world recovers! #Panfinance #Finance #FTX #CryptoNews #Bankruptcy #CryptoRefunds #PanFinance #InvestmentNews #News #Crypto

Starting in late 2024, FTX will repay $16 billion to creditors as part of its bankruptcy recovery. Learn about the repayment phases, affected creditor groups, and its impact on the crypto industry. https://lnkd.in/gMZPn2pt #LearnWithMuseigen #MuseigenIO #MuseigenAcademy #FTXRepaymentPlan #FTXBankruptcy2024 #CryptoCreditorRepayment #FTXDebtSettlement #CryptocurrencyBankruptcyRecovery

FTX customers are set to vote on a major repayment plan that could potentially resolve a multi-billion dollar issue. This critical vote will determine the future of funds for countless investors. 🔹 Key Details: The repayment plan aims to address billions in owed funds. A pivotal moment for FTX customers and the broader crypto community. This vote could significantly impact market dynamics and investor confidence. Stay informed and join our newsletter for more updates on this and other key crypto news: crypticweb3.com/blog #Cryptic #FTX #CryptoNews #RepaymentPlan #CryptoInvestors #MarketTrends

FTX customers are set to vote on a major repayment plan that could potentially resolve a multi-billion dollar issue. This critical vote will determine the future of funds for countless investors. 🔹 Key Details: The repayment plan aims to address billions in owed funds. A pivotal moment for FTX customers and the broader crypto community. This vote could significantly impact market dynamics and investor confidence. Stay informed and join our newsletter for more updates on this and other key crypto news: crypticweb3.com/blog #Cryptic #FTX #CryptoNews #RepaymentPlan #CryptoInvestors #MarketTrends

Exciting news for the crypto community! A judge has approved FTX's bankruptcy plan to fully repay crypto customers in cash with interest. Stay informed with the latest updates. #CryptoNews #FTX #BankruptcyPlan

#Liquidations 🩸 🔴 Over the past 24 hours, a staggering 81,438 traders faced liquidation, totaling $363.15 million in losses. 🔴 The largest single liquidation occurred on Binance - ETHUSDT, with a value of $10.38 million. ⚠️ Reminder: - Only invest what you can afford to lose. - Avoid chasing quick gains. - High leverage doesn't guarantee higher profits. Stay cautious and trade responsibly. 💼📉 #CryptoMarket #CryptoWhizzKids #RiskManagement #TradingAlerts #FinancialCaution #CryptocurrencyInsights

In order to increase capital to repay affected customers and creditors, FTX intends to auction off the $40M Penthouse belonging to Bankman-Fried. The bankruptcy estate intends to sell these assets in order to increase the capital available for distribution to FTX account holders and creditors. The bankruptcy proceedings for the failed cryptocurrency exchange FTX have reached a new stage.  The #Auction #BahamasAssets #BankmanFried #FTX #Liquidation #Penthouse

Here's the thing. When #FTX went bankrupt was $BTC ; and many other #Crypto ; at low valuations when assets were frozen. The "repayment" only takes into account the total valuation in said time-period... meaning that their current TRUE valuation is much higher. Meaning they need to sell a lot less of their backing assets in order to cover the claims. In numbers: - Creditors are being paid 118% of their portfolio valuation in November 2022. $BTC was less than 20K then. - Currently is $BTC at 63K. More than 300% up in valuation since then. #FTX customers are being rekt for 182% of profit. Best part? That 182% are assets being kept by FTX in order to restart their business. Meaning there will be less $BTC bought than anticipated. https://lnkd.in/ga3WtsfZ

Why FTX is different from other crypto bankruptcies ➡️ Read All : https://lnkd.in/eyf9reQT FTX is nearing the end of its bankruptcy proceedings almost two years after initiating the process. This comes just a few months after its founder,... [...] #FTXBankruptcy #CryptoBankruptcies #CreditorsRecovery #CryptoAssetRecovery #CryptoMarketBullRun #Crypto #Exchanges #NBTC

🚀 Historic Recovery for FTX Creditors! 🚀 It has now been formally confirmed that creditors of the collapsed cryptocurrency exchange FTX are set to receive up to $16.5 billion under a newly approved bankruptcy plan. This marks a significant milestone in the world of financial recoveries, especially in cases of fraud. 🔹 119% Recovery: Former customers will recover about 119% of their account values at the time of bankruptcy. 🔹 Global Impact: This plan will benefit people and firms in over 200 jurisdictions worldwide. 🔹 Efficient Process: Creditors are expected to receive their funds within 60 days after the plan’s effective date. This unprecedented recovery effort, led by John J Ray III, showcases the potential for justice and restitution even in the most complex financial collapses. It’s a beacon of hope for all affected by financial fraud. #FTX #Cryptocurrency #FinancialRecovery #Bankruptcy #FraudPrevention https://lnkd.in/ekTT34Az