🍿 #FTT Today at 15:00 UTC - FTX will begin distributing over $5 billion in stablecoins to lenders. Many experts expect some of that money to go into the market.
🔜 #FTT FTX: Customers should expect to receive funds within 1-3 business days starting today.
👮 #FTT Monitoring X accounts notes that SBF has stepped up and started signing up unknown accounts.
🤔 #FTT The SBF account tweeted "GM" and later clarified that it wasn't SBF personally posting, but a friend of his.
⚖️🍿 #FTT A hearing on the limited jurisdictions in the FTX allocation will be held on October 23.
Restricted includes 44 countries: China, Morocco, Bangladesh, Colombia, Egypt, Ukraine, Russia, etc.
Restricted includes 44 countries: China, Morocco, Bangladesh, Colombia, Egypt, Ukraine, Russia, etc.
🤔 #FTT ZachXBT: creditors were paid at the price of cryptocurrencies at the time of FTX's bankruptcy in November 2022, not the current price, resulting in huge losses for users who owned assets like #SOL or #BTC. The illiquid investments costing more today are just a coincidence. You clearly haven't learned anything from your time in jail and are repeating the same misinformation as before.
👀 #FTT FTX lenders spokesperson Sunil stated that the real cryptocurrency repayment rate for FTX lenders ranges from 9% to 46%, and the actual value could be even lower due to the current high cryptocurrency prices. Even with a nominal payout of 143%, lenders will still not be fully funded in real cryptocurrency terms. Projects are expected to provide additional funds to FTX creditors outside of the bankruptcy process. Paradex has already transferred tokens to FTX creditors, and other projects are likely to follow.
🤷♂ #FTT Trump shows no interest in pardoning Sam Bankman-Fried (SBF) - NYT
💰🙋♂ #FTT FTX will conduct the next stage of payouts to creditors on March 31st.
🗣 #FTT Sam Bankman-Fried says "FTX was never bankrupt. I never filed for it."
⚖️ #FTT Sam Bankman-Fried files for a retrial of the fraud case involving FTX.
⚖️ #FTT #FTX CZ: SBF Asked for a $6B Bailout as Casually as Ordering a Sandwich
Binance founder Changpeng Zhao (CZ) revealed in an April 14 interview with Fox Business that just before FTX's collapse, SBF casually requested a bailout, fluctuating the amount from $2 billion to $6 billion. CZ emphasized that very few individuals have such significant cash readily available, characterizing the situation as rife with lies and fraud.
He also shared his experience of writing a book in prison under challenging conditions, including using a terminal with limited functionality and a strict character limit, which ultimately helped him complete the initial draft of his new book.
Binance founder Changpeng Zhao (CZ) revealed in an April 14 interview with Fox Business that just before FTX's collapse, SBF casually requested a bailout, fluctuating the amount from $2 billion to $6 billion. CZ emphasized that very few individuals have such significant cash readily available, characterizing the situation as rife with lies and fraud.
He also shared his experience of writing a book in prison under challenging conditions, including using a terminal with limited functionality and a strict character limit, which ultimately helped him complete the initial draft of his new book.
⚖️ #FTT SBF withdraws motion for a retrial, but his appeal against the verdict and punishment is still pending.
💰🙋♂️ #FTT FTX will pay creditors around $900 million as part of the fifth wave of payments. The payouts will begin on July 31.
💰 #FTT Another $900M in FTX creditor repayments begins July 31, per Sunil.