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This week, #Xclaim launched our latest product offering: the Claim Advance Program (CAP). #FTX claims are expected to recover 100% or more of November 2022 account balances...eventually - but what you can do with that cash today? The CAP offers FTX claim holders immediate access to cash with an advance on their future claim distributions in either cash or #stablecoin. Do you or someone you know have an #FTXclaim that does not want to sell it? Learn about another option below.

The recent collapse of the FTX crypto exchange and its subsidiaries draws striking parallels to the Enron collapse in the early 2000s. In both instances, shareholders suffered significant losses, emphasizing the importance of diversifying your investment portfolio. Remember, spreading your investments across different assets helps mitigate risks and ensures you're not overly exposed to a single investment. #Investing #Diversification #FinancialLessons

I invested in cryptocurrencies through the FTX platform in 2020, consistently dollar-cost averaging my investments each month. Unfortunately, the platform collapsed in November 2022 due to Sam Bankman-Fried’s alleged fraudulent activities, which were designed to fund his lavish lifestyle in the Bahamas. The experience was deeply distressing, watching my invested funds become inaccessible with no immediate recourse. However, after a year of uncertainty, there is hope. The U.S. government has become involved in the case, working to bring justice to the affected investors. If you were an FTX investor during that time, I recommend taking action to potentially recover your funds. The liquidation team is sending out emails to affected users, so carefully monitor your email inbox (including spam or junk folders) for any communications about claims. While the process may be lengthy, there’s a possibility of partial or full recovery of your investments. I remain cautiously optimistic that those impacted will eventually receive some compensation for their losses.

🚨 FTX Files 30 Adversary Complaints in #Chapter11 Case FTX is pursuing claims against major entities like #Binance, Huobi, and MEXC Global, alleging fraudulent transfers, preferential payments, and insider misuse of customer funds. These actions aim to recover substantial assets for creditors by targeting avoidable transfers, including share buybacks, inflated marketing expenses, and other questionable investments. #FTX #Xclaim #claimstrading #tradeclaims #Bankruptcy

Defunct FTX to Repay Creditors $16B Starting Q4 Amid SEC Hurdle ➡️ Read All : https://lnkd.in/eEbRmhBG FTX will begin repaying creditors in Q4 2024, distributing $16 billion while liquidating all assets. The SEC and U.S. trustee have raised concerns over FTX’s... [...] #FTXBankruptcy #CryptoRepayment #AssetLiquidation #SECWarning #CryptoInvestors #Crypto #Exchanges #NBTC

🚨 Breaking News: FTX Reorganization Plan Set for January 2025 🚨 FTX has announced its reorganization plan, set to begin in January 2025! 💰 With $6.6 billion earmarked for creditors, the process includes secure account setups and court-approved distributions. This milestone is a major step toward recovery and accountability in the crypto world. 🌐 👉 Get all the key details here: https://lnkd.in/dthJYnHv Stay tuned for updates! 🔔 #FTX #CryptoNews #ReorganizationPlan #CryptoRecovery

Digital assets returned to their positive year-to-date movements this week after a fortnight of cooling off. BlackRock’s new tokenised fund registered significant interest, Bitcoin ETFs broke more records after 50 days of trading, major projects agreed a merger, Sam Bankman-Fried was finally sentenced for his role in FTX fraud, and much more. For a more detailed #deepdive into why this news matters, refer to the full weekly roundup in the comments below. #digitalassets #news

The Wall Street Journal has breaking news from the FTX bankruptcy process with clients and shareholders expecting to recover a record-breaking 118% of principal. While this is an incredible outcome for the restructuring advisors it also offers a lesson to customers with institutional investors like Oaktree Capital Management, L.P., Farallon Capital Management, and Silverpoint having purchased $3B in customer claims for as little as 3% of the face value. What do you think? #management #venturecapital #privateequity #capitalmarkets #cryptofinance

#FTX has reached a tentative $228M #settlement with #Bybit, moving closer to reimbursing former #customers and #creditors. With a #courthearing set for Nov. 20, FTX aims to reclaim $175M in #digitalassets and $53M in #BIT #tokens. This #agreement highlights FTX’s ongoing legal efforts to recoup assets lost in its #collapse and streamline its #bankruptcy resolution. Another step forward in FTX’s mission to resolve its obligations and repay creditors. Details below 👇 https://lnkd.in/d3bBW6Vd

FTX Set to Unload 177,693 SOL: What Does This Mean for the Market? Brace for potential price swings as this massive sell-off looms! Know more: https://lnkd.in/eUa2RSQB For more such updates, visit VoiceofCrypto.online 🌐📰 #FTX #SOL #CryptoDump #MarketAlert #BlockchainNews #CryptoVolatility