WARNING! FTX USERS THAT WITHDREW MAY HAVE TO RETURN THE MONEY! FTX CLAWBACK COULD HAPPEN SOON!
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WARNING! FTX USERS THAT GOT WITHDRAWS MAY HAVE TO RETURN THE MONEY! FTX CLAWBACK COULD HAPPEN SOON! Beware folks, all users of FTX who got their money out within 90 days of the bankruptcy may have to give it to the bankruptcy court.
We may see a clawback provision with the bankruptcy court. This is breaking news and could expand as we move forward. Many things have to happen, but this looks very possible based on other examples.
FTX is bankrupt and many investors and users of the service will take big losses, but anyone holding crypto has had to pay a price as well. I go over that and the latest Enron vs. FTX review. Sam Bankman-Fried is in some hot water and has lost almost all of his fortune. I go over the latest on FTX, FTX.US, and Alameda.
We could see major help from the government if they call this a fraud in terms of tax relief.
I still believe that the best crypto buy now is Ethereum. I touch on the Ethereum price lately after all of the FTX bankruptcy mess. I talk about the Bitcoin price as well. I discuss why I think regulators are going to be in the crypto space in full force and what that means.
For those looking to how to invest in crypto or stocks, this is one of those moments where you need to stop and learn about what just happened. It can happen to any company, but this is a big time mess for the overall crypto news today. Alameda and FTX will have a movie about them someday.
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WARNING! FTX USERS THAT GOT WITHDRAWS MAY HAVE TO RETURN THE MONEY! FTX CLAWBACK COULD HAPPEN SOON!
#FTX #SBF #FTXClawback