FTX

Effective Date: The repayment plan commenced on January 3, 2025.
Eligibility: Users with claims under $50,000 are prioritized for payments, which are expected within 60 days of the plan's initiation.
Requirements: To receive payments, users must complete Know Your Customer (KYC) verification, submit necessary tax documents, and select their preferred payout platform.

Payment Groups
Convenience Classes:
Users with claims under $50,000 will receive payments first.The recovery rate for this group is set at 119%, meaning if you had $10,000, you could receive $11,900 back.This group is estimated to receive around $1.2 billion in total payouts.
Larger Claims:
Users with claims exceeding $50,000 will be paid from a separate fund of $10.5 billion.The timeline for these payments is currently unclear, and the exact recovery percentage has not been confirmed.
Next Steps for Users
Log into the Portal: Access the Customer Claims Portal with your FTX account credentials.
Submit Claims: Ensure that your claim has been submitted and is under review.
Follow Instructions: Adhere to the guidelines provided in the portal for the repayment process.
Conclusion
The FTX repayment plan represents a significant step towards recovering funds for users affected by the bankruptcy. It is essential to stay informed about the process and ensure all necessary documentation is submitted to facilitate a smooth repayment experience.

#FTX #FTXbankruptcy #FTXclaim

Volatility Alerts ⚠️

FTX/Alameda unstaked and moved 3.03M $SOL ($431.3M) across multiple wallets.
#FTX
#sol板块
#MarketPullback
#Write2Earn
#FTXrepayment

Solana Faces Uncertainty: Is a Drop Below $100 Coming?
The crypto market is experiencing significant turbulence, and Solana (SOL) is caught in a downward trend. After reaching a new all-time high (ATH) earlier this year, Solana has lost 53% of its value, with recent recoveries proving to be short-lived.
Now, a massive unlock of 3.03 million SOL ($431.3 million) by FTX and Alameda Research is adding further selling pressure. Could SOL drop below $100?
Why Is Solana Dropping Again?
Today, the crypto market is witnessing another major sell-off, with Solana trading at $128.14, marking a 19% decline in the past 24 hours.
Solana’s market cap has dropped to $70.16 billion (-19%)Trading volume has declined 24% to $9.56 billion
Interestingly, one major factor behind the drop is the implementation of Trump’s tariffs on Mexico and Canada, which has impacted investor sentiment.
However, what’s even more alarming is that this price drop followed a major rally fueled by Donald Trump’s announcement of U.S. strategic crypto reserves.
Just as investors expected a continued rally toward $200, FTX and Alameda unlocked 3.03 million SOL, triggering another downturn in price.

FTX Unstaking SOL: What Does It Mean for Price?
As FTX continues redistributing funds to creditors, the market is seeing massive token unlocks, which directly impact their value.
Recently, FTX unstaked 3.03 million SOL worth $431.3 million and moved the tokens to multiple crypto wallets.24,799 SOL ($3.38 million) has already been deposited on Binance, meaning some of these assets have already been liquidated.More significant unlocks are expected in April and the following months, raising concerns among investors.
Large token unlocks often shake investor confidence and contribute to price fluctuations. Given that the broader crypto market is already under pressure, many are now questioning whether Solana will fall below $100.

Why Solana Is Unlikely to Drop Below $100
Despite today’s high volatility and the selling pressure caused by SOL liquidations, a drop below $100 seems unlikely.
Yesterday, SOL surged to $177.88, demonstrating strong investor interest even in unfavorable market conditions.Coinglass data suggests that if SOL falls to $127, $300 million worth of positions will be liquidated, which could initially push the price to $120, but not necessarily below $100.Historical data shows that Bitcoin has been bullish in March for the past four years, which could help altcoins like SOL hold their support levels.

Conclusion: A Sharp Correction, But No Collapse
While FTX’s $431.3 million unlock has created strong downward pressure, a drop below $100 is unlikely.
Technical analysis points to key support around $120. However, investors should monitor liquidation levels, whale movements, and Bitcoin’s price action to better understand where Solana might go next.
📉 Do you think Solana will hold above $100, or is a bigger crash coming?

#solana , #CryptoMarket , #CryptoAnalysis , #sol , #FTX

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

SBF Allegedly Used Political Donations to Gain Access to Regulators
The collapse of FTX continues to raise questions about possible regulatory favoritism and political influence. Crypto lawyer John E. Deaton pointed out that Sam Bankman-Fried (SBF), the founder of FTX, donated $10 million to the Biden administration. This donation allegedly helped him gain special access to regulatory agencies like the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
This relationship reportedly allowed FTX to operate despite suspicions of fraudulent activity.
Coinbase Demands Answers on SEC Enforcement Spending
SEC Chairman Gary Gensler has aggressively pursued enforcement actions against crypto firms while meeting multiple times with SBF, raising concerns about possible preferential treatment.
In response, Coinbase is pushing for greater transparency on SEC’s enforcement spending, demanding answers on how the agency allocates resources, including its budget, employee hours, and regulatory priorities.

SBF’s Political Donations Opened Doors to Regulators
SBF’s financial contributions allegedly secured frequent meetings with regulators, giving him an unfair advantage over other crypto industry players.
For example, he met several times with CFTC Chairman Rostin Behnam, raising concerns that FTX was receiving special treatment.
Additionally, suspicions grew after Congresswoman Maxine Waters was seen acting unusually friendly toward SBF, further fueling speculation of political favoritism.
Reports also suggest that Gensler met with SBF at least twice, with rumors indicating that they were close to a deal that would have benefited FTX over competitors.
Were Political Donations Funded with Stolen Customer Money?
Another major controversy surrounds the source of funds for SBF’s political contributions. Some reports suggest that the money came from misappropriated customer funds from FTX.
If proven, this would mean that FTX customers unknowingly financed political donations, potentially shielding SBF from stricter regulatory oversight while his exchange operated illegally.
Coinbase Files FOIA Request for SEC Transparency
In response to these concerns, Coinbase has filed a Freedom of Information Act (FOIA) request to obtain detailed records of SEC investigations and lawsuits against crypto firms from April 2021 to January 2025.
This request seeks information on:
SEC employees involved in enforcement actionsWork hours and salariesSEC’s total budget for crypto enforcement
Taxpayers Deserve Answers, Says Coinbase
Coinbase’s Chief Legal Officer, Paul Grewal, stated that taxpayers deserve transparency regarding SEC’s actions against crypto firms.
He emphasized the need to determine whether SEC’s aggressive approach was genuinely aimed at protecting investors or politically motivated.
While SEC has yet to respond to the FOIA request, pressure continues to mount for greater accountability and regulatory transparency.

#SEC , #SBF , #FTX , #coinbase , #CryptoNewss

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Hey fam! 🧐 Big news today as *FTX/Alameda* has unstaked a huge amount of *SOL* – *3.03 million* tokens worth *431.3 million*. 😱 This move has raised some eyebrows in the crypto world. So, what does this mean?

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*What's Happening?*
FTX and *Alameda Research*, both heavily involved in crypto trading and investments, have recently *unstaked* a massive chunk of *Solana (SOL)*. 🤯 They didn’t just leave it sitting – they *transferred* these tokens to *multiple wallets*.

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*Why is This Important?*
1. *Potential Market Impact*:
When large institutions or players like FTX/Alameda move such a large amount of tokens, it can *cause fluctuations* in the market, both in terms of price and sentiment. Investors may worry about *price dumps* or a shift in market sentiment as such a large amount of tokens becomes liquid. 📉

2. *Unstaking Meaning*:
*Unstaking* typically means they are taking the tokens out of a staking contract, potentially to either *sell them* or *hold them in a more liquid state*. This can suggest that they might have *plans to move or liquidate* those tokens soon.

3. *Multiple Wallets*:
Moving to *multiple wallets* could be a way to *distribute* the risk or just a tactic to hide the origin of the funds in case they plan to sell in the future. It could also be a way to *prevent a single large transaction from causing too much price movement*.

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*What Does This Mean for Solana (SOL)?*
- *Short-term Volatility*:
With this huge movement of tokens, we could see some *volatility* in the *SOL* market, especially if the market interprets this as a *sign of offloading* or *liquidation*.

- *Investor Caution*:
Investors may want to watch for *price movement* and *follow-up news* to see if FTX/Alameda starts selling these tokens or making moves that could signal changes in the market.

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*Conclusion*:
FTX/Alameda’s actions are creating a lot of buzz! 🚨 With *3.03 million SOL* moving around, everyone’s wondering what’s coming next. Whether it's *more sell-offs*, *hodling*, or *market shifts*, keep your eyes on the market. 👀

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Stay cautious, keep an eye on your investments, and don’t let big moves like this scare you. 💪

$SOL

#FTX #Alameda #Solana #CryptoNews #CryptoMarket

The story of FTX's collapse: From the top to bankruptcy in days!
FTX was one of the largest cryptocurrency trading platforms in the world, but it collapsed suddenly in November 2022, resulting in billions of dollars in losses and a significant shock to the crypto market. Here is the full story:
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1. The rise of FTX: A powerful platform and a genius founder
FTX was founded in 2019 by Sam Bankman-Fried, a young American known for his trading intelligence.