Cryptocurrency Q&A
Is my FTX money lost?
Is my FTX money lost?
CryptoEnthusiast
Fri Jun 28 2024
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5 answers
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I've been investing in cryptocurrencies for quite some time, but recently I've been hearing a lot of concerning news regarding the FTX exchange. My portfolio is significantly invested in FTX, and I'm beginning to worry if my funds are secure. Given the recent reports of liquidity issues and legal troubles, I'm left wondering: is my FTX money lost? Are there any steps I can take to protect my investments? Should I withdraw my funds immediately, or wait for the situation to stabilize? I'm seeking clarity and guidance in this uncertain market.
5 answers
DreamlitGlory
Sun Jun 30 2024
The statement further clarified that FTX anticipates 98% of its creditors to receive approximately 118% of the amount of their authorized claims.
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SamsungShineBrightness
Sun Jun 30 2024
This development provides a ray of hope for those affected by the collapse, as it signifies a substantial return of their investments.
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CryptoLegend
Sun Jun 30 2024
Additionally, it is worth noting that BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.
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EmilyJohnson
Sun Jun 30 2024
In the aftermath of the FTX cryptocurrency exchange collapse, a significant recovery has been announced for its former customers.
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CryptoAlchemyMaster
Sun Jun 30 2024
According to a statement released by FTX on Tuesday, nearly all of its former clients are expected to regain almost 100% of the funds they lost during the exchange's downfall.
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