_ftx-recovers-billions-to-repay-crypto-exchange-collapse-victims.jpg "FTX Recovers Billions to Repay Crypto Exchange Collapse Victims from dddance party code november 2020 Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 255K times
✓ Published: 10-May-2024
👁 View: 255K times
✓ Published: 10-May-2024
Description:
FTX has recovered billions more than needed to fully repay customers who lost funds when the crypto exchange collapsed in November 2022. Once it sells all assets, FTX will have approximately $16 billion cash versus the $11 billion it owes to over 2 million non-governmental creditors. This is an unprecedented result as bankruptcy typically yields just pennies on the dollar for lower-ranking creditors. FTX benefited from rallies in endorsed tokens like Solana, allowing repayment in full plus interest.
FTX has recovered billions more than needed to fully repay customers who lost funds when the crypto exchange collapsed in November 2022. Once it sells all assets, FTX will have approximately $16 billion cash versus the $11 billion it owes to over 2 million non-governmental creditors. This is an unprecedented result as bankruptcy typically yields just pennies on the dollar for lower-ranking creditors. FTX benefited from rallies in endorsed tokens like Solana, allowing repayment in full plus interest.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_dhee-13-124-kings-vs-queens-124-best-funny-jokes-124-sudheer-124-rashmi-124-deepika-124-hyper-aadi-124-pradeep.webp "ETV Dhee")
⏲ 1 hour 32 minutes 1 second 👁 3.4M
_denzel-bentley-39if-it-wasn39t-for-boxing-i-don39t-know-where-i39d-be39.webp "A former British champion boxer is working with an anti-knife crime charity which creates steel gyms made from melted-down knives.<br/><br/>Denzel Bentley, the British middleweight champion from November 2020 to April 2021, teamed up with knife crime charity Steel Warriors for the initiative.<br/><br/>Full story at LondonWorld.com")
_ddd-by-example-paul-rayner-ddd-europe-2020.webp "Domain-Driven Design Europe")
_dhee-13-124-kings-vs-queens-funny-jokes-all-in-one-july-month-2021-124-sudheerrashmiaadideepika-124-etv.webp "ETV Dhee")
Dhee 13 | Kings vs Queens Funny Jokes All in One July month 2021 | Sudheer,Rashmi,Aadi,Deepika | ETV
⏲ 42 minutes 44 seconds 👁 6.3M
_gundellonaa-song-team-s9-somesh-9-performance-124-dhee-15-124championship-battle-124-25th-jan-2023.webp "ETV Dhee")
⏲ 10 minutes 16 seconds 👁 792.4K
_best-comedy-drama-on-school-life-for-students.webp "Mythostry")
_all-but-one-of-the-wrongful-death-suits-related-to-astroworld-tragedy-have-been-settled.webp "All But One of the Wrongful Death Suits, Related to Astroworld Tragedy , Have Been Settled.<br/>All But One of the Wrongful Death Suits, Related to Astroworld Tragedy , Have Been Settled.<br/>'The Guardian' reports that all but one of <br/>the wrongful death lawsuits filed in the wake <br/>of the 2021 Astroworld crowd surge, <br/>which killed ten people, have all been settled..<br/>'The Guardian' reports that all but one of <br/>the wrongful death lawsuits filed in the wake <br/>of the 2021 Astroworld crowd surge, <br/>which killed ten people, have all been settled..<br/>According to Neal Manne, an attorney for Live Nation, <br/>only the wrongful death claim for the youngest <br/>victim, nine-year-old Ezra Blount, remains pending. .<br/>According to Neal Manne, an attorney for Live Nation, <br/>only the wrongful death claim for the youngest <br/>victim, nine-year-old Ezra Blount, remains pending. .<br/>The settlements come as jury selection <br/>was scheduled to begin in the suit filed <br/>by the family of 23-year-old Madison Dubiski, <br/>one of the ten people killed at the festival. .<br/>The settlements come as jury selection <br/>was scheduled to begin in the suit filed <br/>by the family of 23-year-old Madison Dubiski, <br/>one of the ten people killed at the festival. .<br/>The ten victims, between the ages of nine and 27, <br/>were killed by compression asphyxia in a crowd <br/>surge that also injured up to 300 other festival goers.<br/>The ten victims, between the ages of nine and 27, <br/>were killed by compression asphyxia in a crowd <br/>surge that also injured up to 300 other festival goers.<br/>One month after the November 5 incident, <br/>the Harris county medical examiner ruled <br/>that all ten of the deaths were accidental.<br/>In June of 2023, a grand jury declined to <br/>indict rapper Travis Scott along with five other <br/>individuals, including the manager of the festival.<br/>In June of 2023, a grand jury declined to <br/>indict rapper Travis Scott along with five other <br/>individuals, including the manager of the festival.<br/>'The Guardian' reports that the official <br/>investigation into the incident later found that <br/>festival workers had expressed concerns over the safety <br/>of the crowd while the performance was still ongoing.<br/>However, the workers'<br/>warnings fell on deaf ears. .<br/>While the festival organizers had come up with a 56-page plan <br/>to respond to potential crises like gun rampages and bombings, <br/>the document did cover how to respond to a crowd surge.<br/>While the festival organizers had come up with a 56-page plan <br/>to respond to potential crises like gun rampages and bombings, <br/>the document did cover how to respond to a crowd surge")
⏲ 1:31 👁 610K
_party-mix-2020.webp "Mashup Mixes")
_dhee-13-124-kings-vs-queens-124-best-funny-jokes-124-sudheer-124-rashmi-124-deepika-124-hyper-aadi-124-pradeep.jpg)
_denzel-bentley-39if-it-wasn39t-for-boxing-i-don39t-know-where-i39d-be39.jpg)
_ddd-by-example-paul-rayner-ddd-europe-2020.jpg)
_dhee-13-124-kings-vs-queens-funny-jokes-all-in-one-july-month-2021-124-sudheerrashmiaadideepika-124-etv.jpg)
_gundellonaa-song-team-s9-somesh-9-performance-124-dhee-15-124championship-battle-124-25th-jan-2023.jpg)
_best-comedy-drama-on-school-life-for-students.jpg)
_all-but-one-of-the-wrongful-death-suits-related-to-astroworld-tragedy-have-been-settled.jpg)
_party-mix-2020.jpg)
![[+]](/images/menu.gif){kind=small}