FTX will pay $1.6bn on 30th Sept to
Claims >$50k
6%: (78% Total so far)
US Claims
40% (95% Total so far)
Claims <$50k
120%
This is in addition to the $1.9bn from the disputed reserve
FTX Claim Distribution: 30th May 25
The claims portal shows distribution for 30th May
Claims > $50k
72.5%: Distribution on 30th May
0%: Post petition interest
Future dates
27.5%: claim value
Post petition interest will be paid on further distribution dates
*Some are…
I have no issues with immigrants who are hard working decent people who arrive legally and respect the laws of the land...
It's these shariah benefits dependent folk who rape our children and disrespect our culture that I have an issue with.
GO BACK TO YOUR SAND PITS.
FTX awaits for the CySec regulator to let them reactivate user accounts and resume withdrawals.
Customers will get distribution but at 100% value at bankruptcy date ( Nov 11 2022 )
FTX Convenience Class can expect payment no later than 60 days after the Effective Date.
Effective Date can be few days after confirmation hearing on October 7.
That put payments around December 9 for convenience Class.
Thanks to @FTX_Committee:
They negotiated an additional 9% interest per year and successfully pushed the debtor to remove the withholding tax for international customers.
Now, they must ensure the debtor fulfills their fiduciary duty to recover the $2.1 billion clawback, which…
@ThomasBraziel I reviewed the post shared by the claimant and that seems like a direct communication from the Bahamas estate
Sharing the below link from the Bahamas site which states that claims can be filed in both, it is afterwards where they must decide which one pwc.com/bs/en/services…
FTX DM Bahamas joint provision liquidator sent a notice to some FTX customers.
Before May 15, creditors can register a claim through the PWC portal available here:
digitalmarketsclaim.pwc.com/p/LinkClaimReg…
Guys over at @foundxyz especially @nicholashall are good people. Helping out a distressed stranger on DMs 😂 I would certainly trust them with my claims, put it that way. Good stuff 👌
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