America: FTX – The biggest Jewish Criminal Scam – FTX Recovers $8 billion

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[I'm amazed that the CEO managed to recover so much money. I think this CEO is White and not Jewish – which would explain a lot. Jan]

FTX said this week it has recovered enough funds to repay defrauded investors in full and provide the vast majority with interest. The failed cryptocurrency exchange platform filed its proposal late Tuesday to a federal bankruptcy court for approval.

Since FTX collapsed in 2022, CEO John Ray III (see previous write-up) has worked to track down more than $8B in missing assets to repay an estimated $11.2B owed to creditors. This week, Ray said the company has recovered between $14.5B and $16.3B, with much of the funds tied to government-seized FTX properties or recovered from investments FTX and its sister company made in hedge funds, digital assets, and AI startup Anthropic. FTX is also working to recoup payouts made to former company executives and the parents of its convicted founder, Sam Bankman-Fried.

If the proposal is approved, 98% of customers—those who invested $50K or less—will receive 118% of their investment. A hearing on assets dispersal is planned for June 25.

Source: 1440.com