cryptosens.pro
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FTX, Alameda addresses move $10m to exchangesFTX and its sister platform, Alameda Res...#AlamedaResearch #Binance #Coinbase #FTX #Marketshttps://lnkd.in/dZvyVk79 https://lnkd.in/devT3Rb9
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agus artemiss
Founder cryptoizresearch.com ( AMA in binance, build community, audit & KYC , advisor ) Listing Market, WEB3 MARKETING
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📈 FTX's $3.4 billion crypto assets and a whopping $16.6 billion in identified claims! 💰💼 Dive deep into the world of crypto, claims, and FTX's comeback plan. What's your take on this financial puzzle? 💡🚀 #CryptoAssets #FTX #Finance https://shorturl.at/klyAL
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BitcoinWorld
791 followers
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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
Like CommentSee AlsoFTX founder Sam Bankman-Fried charged with fraud: Live updates | CNN BusinessMDL Judge Faces Ruling on Who Should Be in Charge of Claims by FTX Customers | Daily Business ReviewAs Ryan Salame stares down years in prison for his role in FTX, he's spending his time doing what he loves: postingJudge Approves 45-Day Prison Delay for Ex-FTX Executive 'Mauled' by German Shepherd | National Law JournalTo view or add a comment, sign in
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Dimitri Hellemond
Project Engineer and Product Manager Substations at Viessmann
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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
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MetaEra
4,096 followers
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【FTX and Alameda continue to liquidate positions, with a total of nearly $100 million in assets liquidated within a month】According to the latest monitoring by Arkham, an on-chain data analysis platform, the marked #FTX and #Alameda Research wallets have transferred and liquidated a total of $97.35 million worth of crypto assets in the past month.Currently, FTX still holds $33.85 million worth of BOBA tokens and $11.22 million worth of #ETH, as well as more than 78% of the #FTT token supply. Alameda's main holdings include $140 million worth of #WLD, $102 million worth of #BIT, $93 million worth of #BTC, and $48 million worth of #STG.
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Oleksandr Shabratko
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How much longer will #SOL hold out?Lookonchain analysts say #FTX has transferred 1.1 million #SOL to sell.https://lnkd.in/e3BbhV_6Meanwhile, the token's price is at one of the highest peaks in the past year, as it has been rapidly appreciating throughout the last week.It looks like the FTX liquidators have found a really opportune moment to sell. It's interesting to see how this selling pressure will affect the "reviving" #Solana and the price of SOL.
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Houssam Kayal
CRO - Fintech - SAAS
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As #FTX founder, Friedman and #Binance founder Changpeng Zhao have both found their ways to trouble with the law and pled guilty to several criminal charges, #Coinbase shares increased in value by about 60% in November. 📈 Paired with the current rise of #Bitcoin and #Ethereum, Coinbase has seen an immense #growth of 250% in the year to date. An incredible bounce back from last year when they went down 86%, as a result of #inflation and rising interest rates. 📉With the close down of FTX and Britex, and increasing numbers of users deciding to leave Binance, this #trend is most likely to continue for the next couple of months. A good time to buy Coinbase #shares? 🤔
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CryptoTvPlus
663 followers
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In the crypto world, the 'Cryptoqueen' accomplice gets a hefty 20-year sentence for a $4 billion Ponzi scheme. Meanwhile, Delaware Bankruptcy Court greenlights the sale of FTX digital assets, raising questions about the firm's future and it's impact on the market.Excitingly, Coinbase's CEO takes a bold stance in favor of #DeFi, pushing for a legal precedent. Curious for details? Dive deeper here: https://linktw.in/NjFcC5#CryptoNews #DeFi #FTX
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Cryptic
1,102 followers
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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
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Contxto
16,172 followers
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TL;DR: Fintech Dave to Invest $100 Million in FTX through Convertible Note↓↓↓Fintech firm Dave intends to invest in FTX by purchasing a $100 million convertible note at a discounted price of $71 million, pending court approval during FTX's bankruptcy proceedings. The move targets the enhancement of Dave's financial services provided via its mobile app, while FTX undergoes asset liquidation to repay creditors, and its founder faces legal sentencing for fraud.FTX, once a major cryptocurrency exchange, is selling various assets including LedgerX and recovering misappropriated funds, with over $7 billion retrieved so far. Dave's engagement with FTX, including previous partnerships and investments, positions it to leverage FTX's restructuring to expand its mobile financial offerings.→ https://buff.ly/3vsHUiy
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Nikhil D Prince
Scaling Projects with OnRamp | Ex KnitFinance | Blockchain Enthusiasts | TheProductFolks | IEEEBlockchain | In Crypto Since 2012
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Big news for the crypto world! According to reports, FTX is expected to receive approval to liquidate its assets on Sept. 13. With $3.4B in crypto in April, the proposed plan is to sell assets worth up to $200M per week.This could potentially bring a big selling pressure to the market next week. Stay tuned for updates. #cryptonews #FTX #liquidation
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