"Bankman-Fried contributed more than $70 million to election campaigns in less than 18 months, placing him among the nation’s top political donors. He personally gave at least $40 million to politicians and political action committees ahead of the 2022 midterm elections, mostly to Democrats and liberal-leaning groups, making him the second overall top donor to Democrats, only behind George Soros, according to the Center for Responsive Politics." 🤔
I wonder if signing a document offered in the Blockfi bankruptcy claims that indicated I wanted the original asset returned (on loans) will make a difference. Will I get back the crypto assets that were the guarantees to the loans?
Truth is I also got excited but your headline quenched my excitement this morning. I believe a more accurate headline would be: "FTX Bankruptcy Reveals Complexities: Users Likely to Receive Less Than Expected Due to Cryptocurrency Price Fluctuations."
>The fact that crypto assets are involved here has thrown a curveball to the courts. They have never seen financial assets appreciate hundreds of percent in a year, which drastically changes the calculation of the true value of a creditors’ claim.
> I don’t know what the right answer is for future bankruptcy cases. That is for people much smarter than me to figure out. But I do know that the headlines boasting that FTX users are going to be paid back 100% of their money are misleading.
Who keeps the excess cash, the crooks??
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Liberals are using this narrative so Biden can pardon SBF. SMH
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"Bankman-Fried contributed more than $70 million to election campaigns in less than 18 months, placing him among the nation’s top political donors. He personally gave at least $40 million to politicians and political action committees ahead of the 2022 midterm elections, mostly to Democrats and liberal-leaning groups, making him the second overall top donor to Democrats, only behind George Soros, according to the Center for Responsive Politics." 🤔
https://time.com/6241262/sam-bankman-fried-political-donations/
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I wonder if signing a document offered in the Blockfi bankruptcy claims that indicated I wanted the original asset returned (on loans) will make a difference. Will I get back the crypto assets that were the guarantees to the loans?
Thank you for your feedback,for more information on how to be successful ,WH'AT'S'AP'P ME 十
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Truth is I also got excited but your headline quenched my excitement this morning. I believe a more accurate headline would be: "FTX Bankruptcy Reveals Complexities: Users Likely to Receive Less Than Expected Due to Cryptocurrency Price Fluctuations."
Thank you for your feedback,for more information on how to be successful ,WH'AT'S'AP'P ME 十
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Holy smokes.
>The fact that crypto assets are involved here has thrown a curveball to the courts. They have never seen financial assets appreciate hundreds of percent in a year, which drastically changes the calculation of the true value of a creditors’ claim.
> I don’t know what the right answer is for future bankruptcy cases. That is for people much smarter than me to figure out. But I do know that the headlines boasting that FTX users are going to be paid back 100% of their money are misleading.
👆
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This backup account is fakeoooo, please how did substack allow this person here
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