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FTTUSDT FTX Recovery Trust to Distribute More than $5 Billion to Creditors in Second Distribution on May 30, 2025


FTTUSDT Nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete KYC verification before the extended June 1 deadline.

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BTCUSDT In his latest interview, SBF said that he had begun privately donating to the Republican Party in mid-to-late 2022, and the amount was about the same as that to the Democratic Party. SBF said he was not sure if he could hold on, suggesting that the suicide rate in prison was about three times higher than normal. He also said that the US Department of Justice threatened Ryan Salem's pregnant wife. SBF said that if it had not gone bankrupt, FTX would now have about $15 billion in liabilities and about $93 billion in assets. They (the bankruptcy planners) siphoned off tens of billions of dollars worth of funds.

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BTCUSDT SBF said in a recent interview that FTX has never gone bankrupt. This was a liquidity crisis, not an insolvency problem. They had enough assets to repay all customers at the time. The problem is that the liquidity crisis caused market panic and made it impossible to quickly cash out funds.

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BTCUSDT FTX to start $ 16B creditor repayments on Feb. 18, 2025, with $ 6.5-$ 7B in the first phase. Payouts based on Nov 2022 prices.

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