FTX
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#FTX approaches the end of its bankruptcy process as it unveils a new date for $16 billion reimbursement to creditors.
The FTX bankruptcy estate announced the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the plan’s Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.
Preparation for Repayment
The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.
#CryptoNews🚀🔥V
The FTX bankruptcy estate announced the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the plan’s Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.
Preparation for Repayment
The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.
#CryptoNews🚀🔥V
曾牛:
不拉盘，没用，别的币都拉多少倍了，这币今天涨明天就跌回来了
FTX Chapter 11 Reorganization Plan Starts January 3, 2025
The former cryptocurrency exchange FTX, run by convicted founder Sam Bankman-Fried, has set the start date for its Chapter 11 restructuring plan to distribute monies to impacted consumers after years of uncertainty.
Set Initial Distribution Date
FTX Trading Ltd. and its connected creditors announced on Monday that their court-approved Chapter 11 Plan of Reorganization would begin on January 3, 2025. This date is also the starting distribution record date for Convenience Class authorized claims.
KYC and other distribution procedures will apply to participation in the first distribution within 60 days of this effective date.
The first payout will only cover the plan's Convenience Classes, with additional claim classes' record and payment dates to be notified.
FTX Debtors CEO John J. Ray III was optimistic about the last two years' accomplishments. He said:
Our experts have painstakingly and effectively recovered billions of dollars to this date. The recovery efforts were successful, and the plan went into action in January 2025 and disbursements began. We are ready to distribute recovery to customers and creditors, and we urge consumers to take the appropriate actions to receive distributions quickly.
These collaborations guarantee that retail and institutional customers harmed by the company's failure, as well as other creditors in supported countries, get recovery according to the restructuring plan.
Distributions will only be issued to the transferee holder of an authorized claim that has been processed and registered in the Notice and Claims Agent's official register of claims as of January 3, 2025. This requires a 21-day notice period without objections.
FTT is now $3 after a consolidation period from April to September, when it ranged from $1.30 to $1.50. Over the previous two weeks, the token has gained 23% and 52% over the past month.
$FTT #FTX #BTCNewATHAgain #BTCNewATH $BTC $XRP
The former cryptocurrency exchange FTX, run by convicted founder Sam Bankman-Fried, has set the start date for its Chapter 11 restructuring plan to distribute monies to impacted consumers after years of uncertainty.
Set Initial Distribution Date
FTX Trading Ltd. and its connected creditors announced on Monday that their court-approved Chapter 11 Plan of Reorganization would begin on January 3, 2025. This date is also the starting distribution record date for Convenience Class authorized claims.
KYC and other distribution procedures will apply to participation in the first distribution within 60 days of this effective date.
The first payout will only cover the plan's Convenience Classes, with additional claim classes' record and payment dates to be notified.
FTX Debtors CEO John J. Ray III was optimistic about the last two years' accomplishments. He said:
Our experts have painstakingly and effectively recovered billions of dollars to this date. The recovery efforts were successful, and the plan went into action in January 2025 and disbursements began. We are ready to distribute recovery to customers and creditors, and we urge consumers to take the appropriate actions to receive distributions quickly.
These collaborations guarantee that retail and institutional customers harmed by the company's failure, as well as other creditors in supported countries, get recovery according to the restructuring plan.
Distributions will only be issued to the transferee holder of an authorized claim that has been processed and registered in the Notice and Claims Agent's official register of claims as of January 3, 2025. This requires a 21-day notice period without objections.
FTT is now $3 after a consolidation period from April to September, when it ranged from $1.30 to $1.50. Over the previous two weeks, the token has gained 23% and 52% over the past month.
$FTT #FTX #BTCNewATHAgain #BTCNewATH $BTC $XRP
Feed-Creator-ba6a98a2d:
gud
FTX Set to Begin Creditor Payouts as Early as January via BitGo and Kraken
Word on the street is that FTX, the crypto exchange that collapsed late 2022, might start creditor repayments as early as January, according to reports from News1.
As per Cointelegraph and other sources (dated Dec. 16), FTX's Chapter 11 restructuring plan is slated to kick in on January 3. From that date, the exchange will have a 60-day window to initiate repayments.
The process will roll through BitGo, a well-known crypto custody service, and Kraken, one of the biggest crypto exchanges in the game.
FTX’s CEO, John J. Ray III, stated, “We’re making sure all necessary steps are completed so customers can get their repayments on time.”
TL;DR: If you’re an FTX creditor, eyes on January — those funds might finally start flowing. 💸
#FTX
Word on the street is that FTX, the crypto exchange that collapsed late 2022, might start creditor repayments as early as January, according to reports from News1.
As per Cointelegraph and other sources (dated Dec. 16), FTX's Chapter 11 restructuring plan is slated to kick in on January 3. From that date, the exchange will have a 60-day window to initiate repayments.
The process will roll through BitGo, a well-known crypto custody service, and Kraken, one of the biggest crypto exchanges in the game.
FTX’s CEO, John J. Ray III, stated, “We’re making sure all necessary steps are completed so customers can get their repayments on time.”
TL;DR: If you’re an FTX creditor, eyes on January — those funds might finally start flowing. 💸
#FTX
清华理工男:
Is it true or not? If it is true, it would have multiplied several times. Well, I only have a small position. Do you have a reliable source for this news?
JUST IN: FTX announced it will start customer repayments in early January 2025, collaborating with BitGo and Kraken for asset distribution, following a court-approved reorganization plan effective January 3.
#FTXAuction #FTX #FTXSolanaRedemption #Ftx #FTX.Trading.Ltd
#FTXAuction #FTX #FTXSolanaRedemption #Ftx #FTX.Trading.Ltd
Breaking News:
#FTX will start distributing $12 billion worth of stablecoins in early 2025 (Q1).
A major market surge could follow 🚀
$BTC $BNB #Bitcoin110KNext? #FullMarketBullRun
#FTX will start distributing $12 billion worth of stablecoins in early 2025 (Q1).
A major market surge could follow 🚀
$BTC $BNB #Bitcoin110KNext? #FullMarketBullRun
#FTX has transferred 4.263M $SOL to #Binance and Coinbase since Nov 2023, at an average price of $106.68 per token, per @SpotOnChain
FTX still holds 6.617M $SOL ($1.53B) in staking and plans to unstake ~170,000 $SOL monthly.
FTX still holds 6.617M $SOL ($1.53B) in staking and plans to unstake ~170,000 $SOL monthly.
How Do "Whales" Manipulate Financial Markets? A Comprehensive Guide to Understanding Common Tricks a
First: Stages of Market Manipulation
Whales (large investors) follow a well-planned strategy to control price movements and take advantage of individual traders. Here are the key stages of this manipulation:
1. Asset Accumulation 🛒
Whales quietly buy large quantities of assets without attracting attention.
2. First Pump 🚀
After accumulating enough, whales increase the price to attract the attention of retail traders.
3. Re-Accumulation 🔄
After the price rises, it drops slightly, allowing whales to buy more assets.
4. Second Pump 📈
Another price increase to attract more traders and encourage them to buy.
5. Distribution 📤
Whales gradually sell their assets as retail traders enter, thinking the price will continue to rise.
6. Dump 📉
Large quantities of assets are sold, causing a sharp price drop.
7. Re-Distribution ♻️
After the price drops, whales start selling the remaining assets in stages.
8. Final Dump 🛑
Whales sell off their remaining assets, causing a major price crash, leaving retail traders with significant losses.
Second: Key Manipulation Tactics
To control the market, whales use a set of deceptive tactics, including:
1. Fake Patterns 🎭
Whales create false technical patterns on price charts, such as a fake resistance breakout, luring traders to enter trades before suddenly reversing the trend.
2. Stop-Loss Hunting 🎯
Whales deliberately push the price to key "stop-loss" levels set by traders, triggering automatic sell or buy orders. They then reverse the price direction to profit from market liquidity.
3. Range Manipulation 📐
Prices are kept within a specific range for a while. When traders believe there’s a "breakout," whales reverse the trend to catch them off guard.
4. Fair Value Gap (FVG) ⚠️
Large trades by whales cause significant price gaps on the chart. Prices often retrace after these gaps, confusing retail traders.
5. Wash Trading 🚪↔️🚪
Whales trade assets between their own accounts, creating the illusion of high trading volume and increased demand.
6. Liquidity Grab 💧
Whales break key support or resistance levels to attract market liquidity (stop-loss orders) and then quickly reverse the price to profit from the move.
7. Spoofing with Market Orders 🚦
Placing large buy/sell orders and canceling them before execution. The goal is to influence traders into thinking there’s high demand or supply.
Third: Tips to Avoid the Trap
To protect your funds from whale manipulation, follow these tips:
1. Don’t Set Stop-Loss Orders at Well-Known Levels 🔒
Place stop-loss points at unusual levels that are less likely to be targeted.
2. Wait for Price Movement Confirmation Before Entering Trades ✅
Avoid opening trades based on a fake breakout. Wait for confirmation through multiple consecutive candlesticks.
3. Don’t Chase Sudden Pumps 🚫🚀
Avoid entering trades during sudden price increases because whales might be in the "distribution" phase, preparing to sell.
4. Carefully Monitor Supply and Demand Gaps 🔍
Don’t be fooled by large buy/sell orders, as they may be fake (spoofing).
5. Stick to Your Plan and Practice Patience ⏳
Don’t be tempted by the promise of quick profits. Stick to your strategy to avoid making impulsive decisions.
#Binane #BTC☀ #FTX #BURNGMT #withBinance2024
Whales (large investors) follow a well-planned strategy to control price movements and take advantage of individual traders. Here are the key stages of this manipulation:
1. Asset Accumulation 🛒
Whales quietly buy large quantities of assets without attracting attention.
2. First Pump 🚀
After accumulating enough, whales increase the price to attract the attention of retail traders.
3. Re-Accumulation 🔄
After the price rises, it drops slightly, allowing whales to buy more assets.
4. Second Pump 📈
Another price increase to attract more traders and encourage them to buy.
5. Distribution 📤
Whales gradually sell their assets as retail traders enter, thinking the price will continue to rise.
6. Dump 📉
Large quantities of assets are sold, causing a sharp price drop.
7. Re-Distribution ♻️
After the price drops, whales start selling the remaining assets in stages.
8. Final Dump 🛑
Whales sell off their remaining assets, causing a major price crash, leaving retail traders with significant losses.
Second: Key Manipulation Tactics
To control the market, whales use a set of deceptive tactics, including:
1. Fake Patterns 🎭
Whales create false technical patterns on price charts, such as a fake resistance breakout, luring traders to enter trades before suddenly reversing the trend.
2. Stop-Loss Hunting 🎯
Whales deliberately push the price to key "stop-loss" levels set by traders, triggering automatic sell or buy orders. They then reverse the price direction to profit from market liquidity.
3. Range Manipulation 📐
Prices are kept within a specific range for a while. When traders believe there’s a "breakout," whales reverse the trend to catch them off guard.
4. Fair Value Gap (FVG) ⚠️
Large trades by whales cause significant price gaps on the chart. Prices often retrace after these gaps, confusing retail traders.
5. Wash Trading 🚪↔️🚪
Whales trade assets between their own accounts, creating the illusion of high trading volume and increased demand.
6. Liquidity Grab 💧
Whales break key support or resistance levels to attract market liquidity (stop-loss orders) and then quickly reverse the price to profit from the move.
7. Spoofing with Market Orders 🚦
Placing large buy/sell orders and canceling them before execution. The goal is to influence traders into thinking there’s high demand or supply.
Third: Tips to Avoid the Trap
To protect your funds from whale manipulation, follow these tips:
1. Don’t Set Stop-Loss Orders at Well-Known Levels 🔒
Place stop-loss points at unusual levels that are less likely to be targeted.
2. Wait for Price Movement Confirmation Before Entering Trades ✅
Avoid opening trades based on a fake breakout. Wait for confirmation through multiple consecutive candlesticks.
3. Don’t Chase Sudden Pumps 🚫🚀
Avoid entering trades during sudden price increases because whales might be in the "distribution" phase, preparing to sell.
4. Carefully Monitor Supply and Demand Gaps 🔍
Don’t be fooled by large buy/sell orders, as they may be fake (spoofing).
5. Stick to Your Plan and Practice Patience ⏳
Don’t be tempted by the promise of quick profits. Stick to your strategy to avoid making impulsive decisions.
#Binane #BTC☀ #FTX #BURNGMT #withBinance2024
FTT could rise substantially, with some forecasting prices reaching as high as $5 to $9 in 2025.
FTX Token (FTT) 2025 Analysis: Is It Bullish?
The outlook for FTX Token (FTT) in 2025 shows mixed potential, with both bullish and bearish factors at play. Here’s a breakdown of why it might be bullish and what to expect for its future price.
Bullish Factors:
1. FTX Exchange Revival:
The primary factor driving FTT's potential recovery is the revival of the FTX exchange. If FTX successfully reestablishes itself after the 2022 collapse, it could trigger a surge in demand for FTT, especially if the exchange regains trust in the market. Analysts believe that if FTX revives its brand, FTT could rise substantially, with some forecasting prices reaching as high as $5 to $9 in 2025.
2. Growth of DeFi and Ecosystem Integration:
Another key factor is the growing adoption of DeFi (Decentralized Finance). If FTX incorporates FTT into decentralized applications (DApps) and platforms, it would expand its utility, creating more demand. As the DeFi sector grows, FTT could become more involved in staking, lending, or as a governance token, further increasing its value. Partnerships with blockchain projects would also play a role in boosting adoption.
3. Broader Crypto Market Recovery:
The performance of FTT is also tied to the general crypto market trends. If Bitcoin and other major cryptocurrencies experience growth in 2025, the bullish sentiment could drive demand for altcoins like FTT. A recovery in the crypto market after regulatory challenges and the 2022 downturn could provide a favorable environment for FTT’s resurgence.
Predicted Price Range for 2025:
Low Estimate: $1.00
High Estimate: $9.00
Average Estimate: $2.00 to $5.00
Why FTT Could Be Bullish:
Reputation Recovery: If FTX can regain its standing in the crypto community and users trust the platform once more, FTT will likely see an upward movement.
DeFi and NFT Integration: Leveraging FTT in decentralized finance and NFT markets could add significant utility, driving adoption and usage, which is key for its long-term growth.
Price Predictions: Some projections suggest a price range of $2 to $9 by 2025, depending on the market conditions and FTX’s performance.
#FTT #CryptoRecovery #FTX #BullishCrypto #DeFi #Crypto2025 #PricePrediction #QuesHUB
🚀📈
In conclusion, FTT does have bullish potential, but its performance in 2025 will depend on the revival of FTX, regulatory developments, and the broader crypto market recovery. If these factors align, FTT could see significant growth.
$FTT
The outlook for FTX Token (FTT) in 2025 shows mixed potential, with both bullish and bearish factors at play. Here’s a breakdown of why it might be bullish and what to expect for its future price.
Bullish Factors:
1. FTX Exchange Revival:
The primary factor driving FTT's potential recovery is the revival of the FTX exchange. If FTX successfully reestablishes itself after the 2022 collapse, it could trigger a surge in demand for FTT, especially if the exchange regains trust in the market. Analysts believe that if FTX revives its brand, FTT could rise substantially, with some forecasting prices reaching as high as $5 to $9 in 2025.
2. Growth of DeFi and Ecosystem Integration:
Another key factor is the growing adoption of DeFi (Decentralized Finance). If FTX incorporates FTT into decentralized applications (DApps) and platforms, it would expand its utility, creating more demand. As the DeFi sector grows, FTT could become more involved in staking, lending, or as a governance token, further increasing its value. Partnerships with blockchain projects would also play a role in boosting adoption.
3. Broader Crypto Market Recovery:
The performance of FTT is also tied to the general crypto market trends. If Bitcoin and other major cryptocurrencies experience growth in 2025, the bullish sentiment could drive demand for altcoins like FTT. A recovery in the crypto market after regulatory challenges and the 2022 downturn could provide a favorable environment for FTT’s resurgence.
Predicted Price Range for 2025:
Low Estimate: $1.00
High Estimate: $9.00
Average Estimate: $2.00 to $5.00
Why FTT Could Be Bullish:
Reputation Recovery: If FTX can regain its standing in the crypto community and users trust the platform once more, FTT will likely see an upward movement.
DeFi and NFT Integration: Leveraging FTT in decentralized finance and NFT markets could add significant utility, driving adoption and usage, which is key for its long-term growth.
Price Predictions: Some projections suggest a price range of $2 to $9 by 2025, depending on the market conditions and FTX’s performance.
#FTT #CryptoRecovery #FTX #BullishCrypto #DeFi #Crypto2025 #PricePrediction #QuesHUB
🚀📈
In conclusion, FTT does have bullish potential, but its performance in 2025 will depend on the revival of FTX, regulatory developments, and the broader crypto market recovery. If these factors align, FTT could see significant growth.
$FTT
#Top_Gainers in the last 24hrs.
1. The #DYDX🔔 token is the L1 protocol token for the dYdX Chain, as agreed by the dYdX community through dYdX governance.
2. #FTX Token is the utility token of the FTX ecosystem.
3. #LPT is livepeer ’s native work token and is used in the following functions: Protocol Incentivization, LPT.Staking, Governance, Dual Mining.
4. Usual network is a decentralized Fiat #stablecoin issuer that redistributes ownership and governance through the $USUAL token.
$DYDX
$FTT
$LPT
1. The #DYDX🔔 token is the L1 protocol token for the dYdX Chain, as agreed by the dYdX community through dYdX governance.
2. #FTX Token is the utility token of the FTX ecosystem.
3. #LPT is livepeer ’s native work token and is used in the following functions: Protocol Incentivization, LPT.Staking, Governance, Dual Mining.
4. Usual network is a decentralized Fiat #stablecoin issuer that redistributes ownership and governance through the $USUAL token.
$DYDX
$FTT
$LPT
The goal of the FTX lawsuit is to recover $935 million that was "fraudulently" transferred to Bybit's investment arm. $FTT
#FTXBybitLawsuit #FTX #FTXbankruptcy #BTC
#FTXBybitLawsuit #FTX #FTXbankruptcy #BTC
📊 #Santiment : with crypto markets soaring to new heights, and many market caps exceeding levels last seen in 2021 or 2022, large cap project trading volumes have reached their highest level since the collapse of #FTX . Bitcoin, in particular, is seeing a significant surge both on exchanges and via Spot #ETF 's.
🗽🌐🇺🇲📢🔥Breaking News
!! The US Government have announced
they're dropping six charges against #SBF
and will not prosecute him for a political
campaign finance violation “ - Corruption
at the highest level
#ScamBankman #crypto2023 #FTX
!! The US Government have announced
they're dropping six charges against #SBF
and will not prosecute him for a political
campaign finance violation “ - Corruption
at the highest level
#ScamBankman #crypto2023 #FTX