🚨 BREAKING 🚨

FTX UNSTAKED 186,326 $SOL

FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle

#ftx #bankruptcy

A new address has withdrawn 1,000 BTC from the Binance exchange.

On March 1st, blockchain analytics platform Onchain Lens reported that a previously unknown address withdrew 1,000 BTC, valued at roughly $84.4 million, from the Binance exchange.

https://intel.arkm.com/exp...
#binance #BTC #bitcoin

BREAKING 🚨 THE LAWYERS THAT BROKE UP FTX FUNDS TOOK $1 BILLION IN FEES

#ftx #cryptoscam #fees

🚨 SBF Speaks Out!

⚠️ Serving 25 years, he denies fraud & insists FTX never went bankrupt.

#SBF #ftx

A new crypto cycle meme is born:

“I didn’t promote it, I shared it.” – Javier Milei on $Libra

It joins the Hall of fame:

• "What” – SBF, moments before FTX imploded

•“Steady lads, deploying more capital.” – Do Kwon, before LUNA went to zero… and he went to jail

•“Celsius is winning.” – Alex Mashinsky, before Celsius collapsed… and he got sued

•“We are the biggest victims.” – 3AC founders, now unable to visit certain countries

•“I’m rich and you’re not.” – Richard Heart, now on the run

Same playbook, different cycle.

Stay humble, study #bitcoin

FTX's estate is beginning its payment plan today, though the initial distribution will be approximately $1.2 billion rather than $2.4 billion.

- Starting today, FTX will begin repayments to creditors with claims of $50,000 or less ("convenience class" creditors).
-These creditors will receive approximately 119% of their claimed amount, including principal plus interest.
- Payments must be completed within 60 days of the effective date.

Market Impact Analysis:
- Analysts estimate approximately $2.4 billion may flow back into crypto markets following the distribution
- $3.9 billion of total claims were acquired by credit funds, which typically won't reinvest in crypto assets
- 33% of remaining claims belong to sanctioned countries, individuals without KYC verification, or those unable to claim funds

Total Distribution Scope:
- Total estimated distribution will range between $14.7 billion and $16.5 billion
- BitGo and Kraken have been designated to manage initial distributions for retail and institutional customers in supported jurisdictions
- Creditors must complete KYC verification and submit tax forms through the FTX Debtors' Customer Portal to receive payments

MANY WILL INVEST IN #bitcoin 🚀