The 7-day #Bitcoin❗ hashrate has fallen below 560 EH/s for the first time since February 19.

📉 This decline in real #hashrate amounts to -7.6%, similar to miner capitulation following the #Ftx❓ crash in 2022.

Back then, it served as a precursor to the market bottom. 🧐
#IntroToCopytrading #altcoins

FTX plans to return users their funds plus compensation.

😎 FTX has proposed a new reorganization plan, under which 98% of its creditors will receive 118% of their funds.

The remaining creditors will receive 100% refund plus 9% compensation for ⏳ "time value of investments."

👀 This plan must be approved by the court. If approved, the funds will be distributed to users within 60 days.

After the sale of all #assets , the exchange will have up to $16.3 billion, and #Ftx❓ owes clients about $11 billion.
#CryptoWatchMay2024 #ETHETFS #BTC

Bankrupted FTX’s sale of Bitcoin ETF shares: Impacting the BTC market.🤔🤔🤑

#BTC #Ftx❓ #BitcoinETFsMarketCap #notcoin #CryptocurrencyPredictions .The recent news of bankrupted FTX's sale of Bitcoin ETF shares has sent shockwaves through the cryptocurrency market, particularly impacting the price of BTC. This unexpected development has left investors and traders on edge, wondering about the potential repercussions on the overall market dynamics. With FTX being a major player in the crypto space, its liquidation of Bitcoin ETF shares has triggered a wave of uncertainty and speculation among market participants.
The sale of Bitcoin ETF shares by a bankrupted FTX has raised concerns about the stability and trustworthiness of cryptocurrency exchanges. Investors are now more cautious than ever, closely monitoring the market for any signs of further instability or price manipulation. The impact of this event on the BTC market has highlighted the need for greater transparency and regulatory oversight within the cryptocurrency industry to protect investors and ensure market integrity.
As the crypto community grapples with the aftermath of FTX's sale of Bitcoin ETF shares, it is a stark reminder of the volatility and unpredictability inherent in digital assets. The implications of this event are far-reaching, prompting a reevaluation of risk management strategies and investment decisions. Moving forward, market participants need to stay informed, exercise caution, and advocate for greater safeguards to prevent similar incidents from occurring in the future. #FTX #BitcoinETF #BTCmarket #cryptocurrency #regulation

FTX plans to pay back customers in full BUT won't reboot the exchange 🫡

As you can see from the FTT chart, positive news came out first, followed immediately by negative news

FTX, the bankrupt crypto exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing ⚖️

Collapsed cryptocurrency exchange FTX will not be restarted, the firm’s bankruptcy lawyers said Wednesday in a court hearing, due to a lack of interest from buyers 💸
#Write2Earn #TradeNTell #Ftx❓

Is 25 years enough? #Ftx❓ #SamBankman-Fried What's your take on it

It is predicted that ftt will rise soon and ftx will reopen. $FTT #Ftx❓

#Ftx❓ Has abondons the efforts to restart its exchange while opting for a liquidation that aims to

#Ftx❓ investors might get all their money back plus interest. $ETH poised to hit $4000

Ahead of Sam Bankman-Fried's sentencing, FTX users have submitted impact statements detailing the ramifications of the exchange's collapse. These statements illuminate the extensive fallout experienced by users, highlighting financial losses, disrupted trading activities, and shattered trust in the platform. The impact statements provide crucial insights into the real-world consequences of FTX's demise, further underscoring the significance of the case and the need for accountability in the cryptocurrency industry. #BinanceLaunchpool #BullorBear #FTXTrial #Ftx❓ #SHIB

International Media Predicts Full Recovery for FTX Australia Creditors
Quoting a recent article from the Australian Financial Review, Bitcoin.com reports that creditors of FTX Australia are anticipated to recover their entire damages, ensuring a complete reimbursement. The Supreme Court of Victoria, Australia, recently decreed that the 747 individuals who requested Australian dollar withdrawals from FTX could expect full repayment, providing sufficient funds for the compensations. Kris Hansen, the attorney leading the FTX creditors' committee, foresaw that FTX would determine the compensation amount based on the cryptocurrency prices at the time of bankruptcy filing, thereby remaining unaffected by recent crypto market upswings.
#Ftx❓ #FTT/USDT

"FTX founder Sam Bankman-Fried Punishment and Fine":🫣
KEY POINTS🔥🔥
🔴 FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for the securities fraud conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.
🟠 Bankman-Fried also was ordered to pay $11 billion in forfeiture at the sentencing in Manhattan federal court.
🔵 "There is a risk that this man will be in position to do something very bad in the future," Judge Lewis Kaplan said.
#SamBankman-Fried #sbf #Ftx❓ #write2earn #SambankmanFried

FTX Customers Poised to Recover All Funds Lost in Collapse

Bankruptcy lawyers for FTX said that customers of the cryptocurrency exchange were set to get all their money back, plus interest.

#FTXTrial #ETHETFS #BTC

$BTC
#Ftx❓

With $FTT (FTX Token)'s price holding Higher Lows, the trend can be deemed bullish with sights on a >204% upside move back to $5.94+...

#oax #Ftx❓ #RVNUSDT #BTCTo1Million

Former #Ftx❓ CEO Ryan Salame sentenced to 7.5 years in prison

🇺🇸 The US Attorney's Office has sentenced former FTX CEO #RyanSalame to 7.5 years of imprisonment.

🤷 Earlier, he pleaded guilty to conspiracy to make illegal political contributions and fraud with the Federal Election Commission, as well as conspiracy to operate an unlicensed money transmitting business.
#EarnFreeCrypto2024 #MtGox #Megadrop

BlockFi has announced the closure of its platform

🔒 Cryptocurrency lender BlockFi has announced that it will be shutting down its web platform in May 2024. The exact closure date will be specified later.

✔️In November 2022, the company filed for #bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This occurred approximately two weeks after the collapse of #Ftx❓ and Alameda Research. Previously, BlockFi acknowledged that the #exchange and its subsidiary had outstanding obligations to the company.
#ETFvsBTC #BTC

What Do You Think About #Ftx❓ ❓❓

Exchange will open or will not open 🤔🤔🤔

Make Comment 👇👇👇

$FTT $SOL $RAY
#TrendingTopic #Write2Earn #ftt

FTX, a cryptocurrency exchange that collapsed in 2022, is at the center of a legal battle as current CEO John J. Ray III disputes claims made by his predecessor, Sam Bankman-Fried. Bankman-Fried had asserted that customers suffered no financial losses due to the exchange's collapse, but Ray refutes this, calling the claims "delusional" and "false."

Ray emphasized that when he took over as CEO, the exchange had only 105 bitcoins left, a fraction of what customers were owed. While some assets were recovered, significant amounts, including funds spent on investments and bribes, remain unrecovered.

Despite efforts to repay customers, many remain dissatisfied with the valuations of their funds, as they will be refunded based on bankruptcy-time values rather than current, higher values. Ray stressed that customers, creditors, and stockholders have all suffered due to the collapse.
Bankman-Fried is facing sentencing on March 28, with prosecutors recommending a lengthy prison term. The dispute underscores the complexities and consequences of cryptocurrency exchange failures.
#BOME #crypro #WIF #FTXScamAlert #Ftx❓