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#FTXRefunds As of June 1, 2025, FTX has initiated its second round of creditor repayments, marking a significant milestone in its bankruptcy proceedings. 💸 Refund Timeline & Eligibility Convenience Class Creditors: On February 18, 2025, FTX began distributing refunds to creditors with claims of $50,000 or less. These individuals received approximately 119% of their allowed claims, including interest accrued since November 2022 . Main Creditors: Starting May 30, 2025, FTX commenced repayments to larger creditors, allocating over $11.4 billion in cash for this purpose . ✅ Requirements for Receiving Funds To be eligible for the May 30 distribution, creditors needed to: Complete Know Your Customer (KYC) verification. Submit valid tax documentation. Select and onboard with a designated distribution service provider. Pass sanctions screening by the record date of April 11, 2025 . Failure to meet these requirements by the specified date may result in forfeiture of the distribution. 💰 Recovery Details FTX has recovered between $14.7 billion and $16.5 billion through asset liquidations and settlements. Approximately 98% of customers are expected to receive at least 118% of their account values as of November 2022 . It's important to note that refunds are being issued in U.S. dollars, based on the value of assets at the time of FTX's collapse. This approach has led to some dissatisfaction among creditors, especially those whose crypto assets have significantly appreciated since November 2022 . 📌 Next Steps If you're an FTX creditor, ensure that you have completed all necessary steps to qualify for distributions. For detailed information and to manage your claim, visit the FTX Customer Claims Portal. $BTC

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#FTXRefunds As of May 31, 2025, FTX has initiated its second major round of creditor repayments, distributing over $5 billion to eligible claimants. This follows the initial $7 billion disbursed in February, bringing total repayments to approximately $12 billion. 💸 Key Details of the Second Repayment Phase Distribution Amount: Over $5 billion in cash and stablecoins. Start Date: May 30, 2025. Payment Platforms: Funds are being distributed via BitGo and Kraken, with recipients expected to receive payments within 1–3 business days. Recovery Rates: Smaller, unsecured creditors are receiving approximately 61% of their approved claims. Certain intercompany claims are being repaid at up to 120% of their original value. 🔍 Ongoing Recovery Efforts The FTX Recovery Trust, under the leadership of John J. Ray III, continues to manage the complex bankruptcy proceedings. Efforts are ongoing to recover additional assets through legal actions and asset sales, aiming to maximize creditor recoveries. 📌 Implications for Creditors While these repayments mark significant progress, it's important to note that the recovery amounts are based on the U.S. dollar value of assets at the time of FTX's collapse in November 2022. This means creditors are not compensated for any subsequent appreciation in cryptocurrency values since that time. For the latest updates and to access official documents, creditors can visit the FTX case website: cases.ra.kroll.com/FTX. $ETH

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#CEXvsDEX101 Sure! Here's a #CEXvsDEX101 breakdown — a beginner-friendly comparison between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs): --- 🚀 #CEXvsDEX101: What’s the Difference? 🔒 Centralized Exchange (CEX) Examples: Binance, Coinbase, Kraken Managed by: A company or organization Custody: The exchange holds your funds User Experience: Very user-friendly; great for beginners Speed & Liquidity: Fast transactions and deep liquidity Regulation: More likely to be regulated and compliant KYC/AML: Usually requires identity verification 🔓 Decentralized Exchange (DEX) Examples: Uniswap, PancakeSwap, dYdX Managed by: Smart contracts & community governance Custody: You hold your own funds (non-custodial) User Experience: Less intuitive, more technical Speed & Liquidity: Can be slower; depends on network Regulation: Operates with little to no regulation KYC/AML: No KYC required in most cases --- 🧠 TL;DR: Use a CEX if you want ease, speed, and customer support. Use a DEX if you value privacy, control, and decentralization. --- Want a visual comparison chart or meme-style post for socials? I can help with that too! $XRP

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#CEXvsDEX101 #CEXvsDEX101 – Let's break it down! This hashtag refers to a comparison between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs), two fundamental types of platforms in the cryptocurrency ecosystem. --- 🔁 What is a CEX (Centralized Exchange)? Examples: Binance, Coinbase, Kraken Key Features: Run by companies with full control over operations Users create accounts, and funds are custodied by the exchange Typically offer faster transactions and higher liquidity Easier for beginners, often include fiat on-ramps Subject to regulations and KYC/AML compliance Pros: User-friendly Customer support Advanced trading tools High liquidity Cons: Custodial: You don't control your private keys Vulnerable to hacks May be subject to freezing or censorship --- 🔄 What is a DEX (Decentralized Exchange)? Examples: Uniswap, PancakeSwap, dYdX Key Features: No central authority; uses smart contracts to facilitate trades Users trade directly from their wallets (non-custodial) Typically anonymous – no KYC Trades are recorded on-chain Pros: You control your keys – more secure Permissionless and global access Often lower fees and better privacy Cons: Slower and potentially more complex Can suffer from low liquidity Limited customer support Prone to rug pulls if trading unverified tokens --- 🧠 TL;DR Feature CEX DEX Custody Exchange holds your funds You hold your own funds KYC/AML Required Usually not required Speed & Liquidity Fast & high liquidity Slower, may have less liquidity User Experience Beginner-friendly Advanced users Security Risk of hacks/custody issues Smart contract risks, but more control Regulation Highly regulated Mostly unregulated --- Pro Tip: Not your keys, not your crypto. If self-custody is your priority, DEX is the way to go. But if you're new or need ease of use and support, a CEX might be a better starting point. --- Want a visual chart or a deeper dive into specific use cases (like DeFi or NFT trading)? Let me know! $SOL $XRP

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#TradingTypes101 #TradingTypes101 is a great hashtag to explore the foundational styles of trading in financial markets. Here’s a quick overview of the most common trading types: --- 📈 1. Day Trading Timeframe: Intraday (no overnight positions) Goal: Profit from small price movements Assets: Stocks, forex, crypto, futures Tools: Technical analysis, real-time data, Level II quotes Key Trait: Fast decision-making, discipline --- 🕒 2. Swing Trading Timeframe: Days to weeks Goal: Capture short- to medium-term trends Assets: Stocks, options, forex, crypto Tools: Technical + fundamental analysis Key Trait: Patience, trend spotting --- 📊 3. Position Trading Timeframe: Weeks to months (sometimes years) Goal: Ride longer-term trends Assets: Stocks, ETFs, commodities, etc. Tools: Fundamental analysis, macroeconomic trends Key Trait: Long-term conviction --- 🤖 4. Algorithmic Trading Timeframe: Varies (microseconds to long-term) Goal: Automate trading strategies Assets: Mostly in high-liquidity markets Tools: Code (Python, R, etc.), APIs, backtesting Key Trait: Quantitative, data-driven --- 💼 5. Scalping Timeframe: Seconds to minutes Goal: Profit from very small moves Assets: Forex, futures, stocks Tools: Fast execution, low-latency platforms Key Trait: Speed, precision --- 🌐 6. Copy/Social Trading Timeframe: Depends on the copied trader Goal: Mimic trades of experienced traders Assets: All markets (depends on platform) Tools: Social trading platforms (e.g., eToro) Key Trait: Learning through following --- Want a visual infographic, trading style quiz, or help finding which type suits you best?

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