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PINNED
#Achieving the impossible with PEPEš„š„
Can $PEPE Coin Achieve the Impossible? A $0.50 Dream! šø š„
šImagine owning a million $PEPE coins and watching their value soar to $0.50, turning your modest collection into a staggering $500,000! Is that unrealistic? Maybe. But letās delve into what might make this wild dream a reality.
š What could push $PEPE to $0.50?
šImagine owning a million $PEPE coins and watching their value soar to $0.50, turning your modest collection into a staggering $500,000! Is that unrealistic? Maybe. But letās delve into what might make this wild dream a reality.
š What could push $PEPE to $0.50?
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#TrumpTariffs
ment
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
$BTC
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Repayment start date: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: The situation of FTX serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Repayment start date: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: The situation of FTX serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
Here is a quick glance and analysis of the pair $VANA /USDT according to the latest data:
---
Summary of the VANA/USDT pair
Current Price: 6.53 USD
24-hour Change: -8.15% (Bearish Expectations)
24-hour High/Low: 7.313 USD / 6.428 USD
---
Volume
VANA Volume: 1.92 million USD
USDT Volume: 13.31 million USD
Last Volume: 105.85
Moving Average Volume (5): 148.09
Moving Average Volume (10): 311.67
---
Moving Averages
Moving Average (60): 6.516
The current price is very close to the moving average (60), indicating a key technical pivot area.
If the price drops below this level, it may breach the support level.
If the price holds, a short-term bounce is likely.
--
Market Behavior
The significant drop from the 24-hour high indicates intense selling.
Volatility is high; therefore, traders should expect rapid price fluctuations.
Liquidity appears good given the relatively high trading volume of USDT.
--
Support/Resistance
Support: ~6.42 USD
Resistance: ~6.95 USD to 7.31 USD
(If the momentum shifts to an upward trend)
$VANA
---
Summary of the VANA/USDT pair
Current Price: 6.53 USD
24-hour Change: -8.15% (Bearish Expectations)
24-hour High/Low: 7.313 USD / 6.428 USD
---
Volume
VANA Volume: 1.92 million USD
USDT Volume: 13.31 million USD
Last Volume: 105.85
Moving Average Volume (5): 148.09
Moving Average Volume (10): 311.67
---
Moving Averages
Moving Average (60): 6.516
The current price is very close to the moving average (60), indicating a key technical pivot area.
If the price drops below this level, it may breach the support level.
If the price holds, a short-term bounce is likely.
--
Market Behavior
The significant drop from the 24-hour high indicates intense selling.
Volatility is high; therefore, traders should expect rapid price fluctuations.
Liquidity appears good given the relatively high trading volume of USDT.
--
Support/Resistance
Support: ~6.42 USD
Resistance: ~6.95 USD to 7.31 USD
(If the momentum shifts to an upward trend)
$VANA
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#ŁŁŲ§ Everyone participates
#ŲŁ
ŁŲ©_Ų§ŁŲ§Ų±Ų³Ų§Ł
ID: 503337429
Come on guys, let's help each other with the sending campaign. Send and comment
with your ID and it will be responded to š„š„
ID: 503337429
Come on guys, let's help each other with the sending campaign. Send and comment
with your ID and it will be responded to š„š„
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#StablecoinPayments ment
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
#XRPETF
ment
FTX, a cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: The situation with FTX serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, a cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: The situation with FTX serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
$ETH
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Evaluation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Evaluation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
#EthereumFuture
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors regarding the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors regarding the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
$BTC
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors regarding the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors regarding the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
$TRUMP
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of conducting due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of conducting due diligence.
See original
#BTCvsMarkets
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and eligibility: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and eligibility: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
#DinnerWithTrump
ment
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC, tax forms, and qualification with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTXās situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ment
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC, tax forms, and qualification with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTXās situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
$BTC
ent
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Here is a summary of what you need to know:
Key points:
* Repayment start date: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
ent
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Here is a summary of what you need to know:
Key points:
* Repayment start date: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
Translate
#SaylorBTCPurchase
ment
Ų£Ų¹ŁŁŲŖ FTXŲ ŁŁŁ ŲØŁŲ±ŲµŲ© Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų© Ų§ŁŲŖŁ Ų§ŁŁŲ§Ų±ŲŖ ŁŁ Ų¹Ų§Ł 2022Ų Ų¹Ł Ų®Ų·Ų© Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŲ®Ų§ŲµŲ© ŲØŁŲ§ ŁŁŲÆŲ§Ų¦ŁŁŁ. Ų„ŁŁŁ Ł ŁŲ®Ųµ ŁŁ Ų§ ŲŖŲŲŖŲ§Ų¬ Ų„ŁŁ Ł Ų¹Ų±ŁŲŖŁ:
Ų§ŁŁŁŲ§Ų· Ų§ŁŲ±Ų¦ŁŲ³ŁŲ©:
* ŲŖŲ§Ų±ŁŲ® ŲØŲÆŲ” Ų§ŁŲ³ŲÆŲ§ŲÆ: 18 ŁŲØŲ±Ų§ŁŲ± 2025
* Ų§ŁŁ ŲÆŁŁŲ¹Ų§ŲŖ Ų§ŁŲ£ŁŁŁŲ©: Ų³ŲŖŲ°ŁŲØ Ų„ŁŁ Ų£ŁŁŲ¦Ł Ų§ŁŲ°ŁŁ ŁŲÆŁŁŁ Ł Ų·Ų§ŁŲØŲ§ŲŖ ŲØŁŁŁ Ų© 50000 ŲÆŁŁŲ§Ų± Ų£Ł Ų£ŁŁ.
* Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŁŲ§Ł Ł: ŲŖŁŲÆŁ FTX Ų„ŁŁ Ų³ŲÆŲ§ŲÆ Ų¬Ł ŁŲ¹ Ų§ŁŲÆŲ§Ų¦ŁŁŁ ŲØŲ§ŁŁŲ§Ł ŁŲ ŲØŁ Ų§ ŁŁ Ų°ŁŁ Ų§ŁŁŲ§Ų¦ŲÆŲ©.
* Ų§ŁŲŖŁŁŁŁ : ŲŖŲ¹ŲŖŁ ŲÆ Ų¹Ł ŁŁŲ§ŲŖ Ų§ŁŲ³ŲÆŲ§ŲÆ Ų¹ŁŁ Ų£Ų³Ų¹Ų§Ų± Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų© Ł Ł ŁŁŁŁ ŲØŲ± 2022Ų Ų¹ŁŲÆŁ Ų§ Ų§ŁŁŲ§Ų±ŲŖ FTX.
* Ų§ŁŁŲ§Ų¦ŲÆŲ©: Ų³ŁŲŖŁŁŁ Ų§ŁŲÆŲ§Ų¦ŁŁŁ ŁŲ§Ų¦ŲÆŲ© Ų„Ų¶Ų§ŁŁŲ© ŲØŁŲ³ŲØŲ© 9ŁŖ Ł ŲŲ³ŁŲØŲ© Ł Ł 11 ŁŁŁŁ ŲØŲ± 2022 ŲŲŖŁ ŲŖŲ§Ų±ŁŲ® Ų§ŁŲÆŁŲ¹.
* Ų“Ų±ŁŲ§Ų” Ų§ŁŲŖŁŲ²ŁŲ¹: ŲŖŲ“Ų§Ų±Ł BitGo Ł Kraken ŁŁ Ų¹Ł ŁŁŲ© Ų§ŁŲŖŁŲ²ŁŲ¹.
* ŲŖŲ§Ų±ŁŲ® Ų§ŁŲŖŁŲ²ŁŲ¹ Ų§ŁŲŖŲ§ŁŁ: 11 Ų£ŲØŲ±ŁŁ 2025Ų ŁŁ Ų·Ų§ŁŲØŲ§ŲŖ Ų§ŁŲ¹Ł ŁŲ§Ų” ŁŲ§ŁŲÆŲ§Ų¦ŁŁŁ.
* Ų§Ų¹Ų±Ł Ų¹Ł ŁŁŁ (KYC) ŁŲ§ŁŲŖŲ£ŁŁŁ: ŁŲŲŖŲ§Ų¬ Ų§ŁŁ Ų·Ų§ŁŲØŁŁ Ų„ŁŁ Ų„ŁŁ Ų§Ł KYC ŁŁŁ Ų§Ų°Ų¬ Ų§ŁŲ¶Ų±Ų§Ų¦ŲØ ŁŲ§ŁŲŖŲ£ŁŁŁ Ł Ų¹ BitGo Ų£Ł Kraken ŲØŲŁŁŁ 30 Ł Ų§ŁŁ 2025.
Ų§ŁŲ¢Ų«Ų§Ų±:
* Ų«ŁŲ© Ų§ŁŲ³ŁŁ: ŁŁ ŁŁ Ų£Ł ŁŲ³Ų§Ų¹ŲÆ Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŁŲ§Ų¬Ų ŁŁ Ų§Ų³ŲŖŲ¹Ų§ŲÆŲ© Ų§ŁŲ«ŁŲ© ŁŁ Ų³ŁŁ Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų©.
* Ų§ŁŲŖŁŲøŁŁ : Ų£ŲØŲ±Ų² Ų§ŁŁŁŲ§Ų± FTX ŁŲ¹Ł ŁŁŲ© Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŁŲ§ŲŁŲ© Ų§ŁŲŲ§Ų¬Ų© Ų„ŁŁ ŁŁŲ§Ų¦Ų Ų£ŁŲ«Ų± ŲµŲ±Ų§Ł Ų© ŁŁ ŲµŁŲ§Ų¹Ų© Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų©.
* Ų§ŁŲÆŲ±ŁŲ³ Ų§ŁŁ Ų³ŲŖŁŲ§ŲÆŲ©: ŁŁŲ¹ŲÆ ŁŲ¶Ų¹ FTX ŲØŁ Ų«Ų§ŲØŲ© ŁŲµŲ© ŲŖŲŲ°ŁŲ±ŁŲ© ŁŁŁ Ų³ŲŖŲ«Ł Ų±ŁŁ ŲŁŁ Ų§ŁŁ Ų®Ų§Ų·Ų± Ų§ŁŁ Ų±ŲŖŲØŲ·Ų© ŲØŲØŁŲ±ŲµŲ§ŲŖ Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų© ŁŲ£ŁŁ ŁŲ© ŲØŲ°Ł Ų§ŁŲ¹ŁŲ§ŁŲ© Ų§ŁŁŲ§Ų¬ŲØŲ©.
ment
Ų£Ų¹ŁŁŲŖ FTXŲ ŁŁŁ ŲØŁŲ±ŲµŲ© Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų© Ų§ŁŲŖŁ Ų§ŁŁŲ§Ų±ŲŖ ŁŁ Ų¹Ų§Ł 2022Ų Ų¹Ł Ų®Ų·Ų© Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŲ®Ų§ŲµŲ© ŲØŁŲ§ ŁŁŲÆŲ§Ų¦ŁŁŁ. Ų„ŁŁŁ Ł ŁŲ®Ųµ ŁŁ Ų§ ŲŖŲŲŖŲ§Ų¬ Ų„ŁŁ Ł Ų¹Ų±ŁŲŖŁ:
Ų§ŁŁŁŲ§Ų· Ų§ŁŲ±Ų¦ŁŲ³ŁŲ©:
* ŲŖŲ§Ų±ŁŲ® ŲØŲÆŲ” Ų§ŁŲ³ŲÆŲ§ŲÆ: 18 ŁŲØŲ±Ų§ŁŲ± 2025
* Ų§ŁŁ ŲÆŁŁŲ¹Ų§ŲŖ Ų§ŁŲ£ŁŁŁŲ©: Ų³ŲŖŲ°ŁŲØ Ų„ŁŁ Ų£ŁŁŲ¦Ł Ų§ŁŲ°ŁŁ ŁŲÆŁŁŁ Ł Ų·Ų§ŁŲØŲ§ŲŖ ŲØŁŁŁ Ų© 50000 ŲÆŁŁŲ§Ų± Ų£Ł Ų£ŁŁ.
* Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŁŲ§Ł Ł: ŲŖŁŲÆŁ FTX Ų„ŁŁ Ų³ŲÆŲ§ŲÆ Ų¬Ł ŁŲ¹ Ų§ŁŲÆŲ§Ų¦ŁŁŁ ŲØŲ§ŁŁŲ§Ł ŁŲ ŲØŁ Ų§ ŁŁ Ų°ŁŁ Ų§ŁŁŲ§Ų¦ŲÆŲ©.
* Ų§ŁŲŖŁŁŁŁ : ŲŖŲ¹ŲŖŁ ŲÆ Ų¹Ł ŁŁŲ§ŲŖ Ų§ŁŲ³ŲÆŲ§ŲÆ Ų¹ŁŁ Ų£Ų³Ų¹Ų§Ų± Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų© Ł Ł ŁŁŁŁ ŲØŲ± 2022Ų Ų¹ŁŲÆŁ Ų§ Ų§ŁŁŲ§Ų±ŲŖ FTX.
* Ų§ŁŁŲ§Ų¦ŲÆŲ©: Ų³ŁŲŖŁŁŁ Ų§ŁŲÆŲ§Ų¦ŁŁŁ ŁŲ§Ų¦ŲÆŲ© Ų„Ų¶Ų§ŁŁŲ© ŲØŁŲ³ŲØŲ© 9ŁŖ Ł ŲŲ³ŁŲØŲ© Ł Ł 11 ŁŁŁŁ ŲØŲ± 2022 ŲŲŖŁ ŲŖŲ§Ų±ŁŲ® Ų§ŁŲÆŁŲ¹.
* Ų“Ų±ŁŲ§Ų” Ų§ŁŲŖŁŲ²ŁŲ¹: ŲŖŲ“Ų§Ų±Ł BitGo Ł Kraken ŁŁ Ų¹Ł ŁŁŲ© Ų§ŁŲŖŁŲ²ŁŲ¹.
* ŲŖŲ§Ų±ŁŲ® Ų§ŁŲŖŁŲ²ŁŲ¹ Ų§ŁŲŖŲ§ŁŁ: 11 Ų£ŲØŲ±ŁŁ 2025Ų ŁŁ Ų·Ų§ŁŲØŲ§ŲŖ Ų§ŁŲ¹Ł ŁŲ§Ų” ŁŲ§ŁŲÆŲ§Ų¦ŁŁŁ.
* Ų§Ų¹Ų±Ł Ų¹Ł ŁŁŁ (KYC) ŁŲ§ŁŲŖŲ£ŁŁŁ: ŁŲŲŖŲ§Ų¬ Ų§ŁŁ Ų·Ų§ŁŲØŁŁ Ų„ŁŁ Ų„ŁŁ Ų§Ł KYC ŁŁŁ Ų§Ų°Ų¬ Ų§ŁŲ¶Ų±Ų§Ų¦ŲØ ŁŲ§ŁŲŖŲ£ŁŁŁ Ł Ų¹ BitGo Ų£Ł Kraken ŲØŲŁŁŁ 30 Ł Ų§ŁŁ 2025.
Ų§ŁŲ¢Ų«Ų§Ų±:
* Ų«ŁŲ© Ų§ŁŲ³ŁŁ: ŁŁ ŁŁ Ų£Ł ŁŲ³Ų§Ų¹ŲÆ Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŁŲ§Ų¬Ų ŁŁ Ų§Ų³ŲŖŲ¹Ų§ŲÆŲ© Ų§ŁŲ«ŁŲ© ŁŁ Ų³ŁŁ Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų©.
* Ų§ŁŲŖŁŲøŁŁ : Ų£ŲØŲ±Ų² Ų§ŁŁŁŲ§Ų± FTX ŁŲ¹Ł ŁŁŲ© Ų§ŁŲ³ŲÆŲ§ŲÆ Ų§ŁŁŲ§ŲŁŲ© Ų§ŁŲŲ§Ų¬Ų© Ų„ŁŁ ŁŁŲ§Ų¦Ų Ų£ŁŲ«Ų± ŲµŲ±Ų§Ł Ų© ŁŁ ŲµŁŲ§Ų¹Ų© Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų©.
* Ų§ŁŲÆŲ±ŁŲ³ Ų§ŁŁ Ų³ŲŖŁŲ§ŲÆŲ©: ŁŁŲ¹ŲÆ ŁŲ¶Ų¹ FTX ŲØŁ Ų«Ų§ŲØŲ© ŁŲµŲ© ŲŖŲŲ°ŁŲ±ŁŲ© ŁŁŁ Ų³ŲŖŲ«Ł Ų±ŁŁ ŲŁŁ Ų§ŁŁ Ų®Ų§Ų·Ų± Ų§ŁŁ Ų±ŲŖŲØŲ·Ų© ŲØŲØŁŲ±ŲµŲ§ŲŖ Ų§ŁŲ¹Ł ŁŲ§ŲŖ Ų§ŁŁ Ų“ŁŲ±Ų© ŁŲ£ŁŁ ŁŲ© ŲØŲ°Ł Ų§ŁŲ¹ŁŲ§ŁŲ© Ų§ŁŁŲ§Ų¬ŲØŲ©.
See original
$BTC
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FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date of repayments: February 18, 2025
* Initial payments: will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of conducting due diligence.
t
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date of repayments: February 18, 2025
* Initial payments: will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of conducting due diligence.
See original
#USChinaTensions
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date of repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: The situation of FTX serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date of repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional interest of 9% calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax qualification forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: The situation of FTX serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
#BTCRebound ayment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayments can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTXās situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key Points:
* Start date for repayments: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: Repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: Successful repayments can help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTXās situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
See original
#TradingPsychology #FTXrepayment #FTXrepayment
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: The repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
FTX, the cryptocurrency exchange that collapsed in 2022, announced its repayment plan for creditors. Hereās a summary of what you need to know:
Key points:
* Start date of repayment: February 18, 2025
* Initial payments: Will go to those with claims of $50,000 or less.
* Full repayment: FTX aims to fully repay all creditors, including interest.
* Valuation: The repayments are based on cryptocurrency prices from November 2022, when FTX collapsed.
* Interest: Creditors will receive an additional 9% interest calculated from November 11, 2022, until the payment date.
* Distribution partners: BitGo and Kraken are involved in the distribution process.
* Next distribution date: April 11, 2025, for customer and creditor claims.
* Know Your Customer (KYC) and qualification: Claimants need to complete KYC and tax forms with BitGo or Kraken by May 30, 2025.
Implications:
* Market confidence: A successful repayment could help restore confidence in the cryptocurrency market.
* Regulation: The collapse of FTX and the subsequent repayment process highlighted the need for stricter regulations in the cryptocurrency industry.
* Lessons learned: FTX's situation serves as a cautionary tale for investors about the risks associated with cryptocurrency exchanges and the importance of due diligence.
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