UCTaskforce
@uc_taskforce
FTX collective Empowering Creditors Unity Decentralizing the recovery Being the voice of the voiceless
The time has come for our voices to be heard. We will submit our research to Judge Dorsey to be included in the official court record - ensuring our ideas see the light. If you have any insider information, please contact us on the website. WE NEED YOUR HELP.
➡️Avoiding The FTX "Rug Pull" Independent Examiner ➡️Bankruptcy Corruption & The 125% Claim w/ @LouisOrigny
Mr. Gox creditors won the battle to keep the 10% of #Bitcoin that was left in #BTC early in the case. The court wanted to sell it all for $USD. It took 10 years as new subordinated creditors kept suing the estate when it went past 100% whole. But they all lost. Creatures…
re @mtgox fud: after a 10 year forced HODL from $450, what kind of 🤡 would market dump at $40k, with ETF tailwind about to hit, in an early bull market leading into a halving, vs say just wait another year for $400k+. doesn't make any sense to me either. just cold store them.
The question is also one of claim value. Is a BTC holder entitled to a $16.8k claim or one at Subsequent New Value for how their claims are treated? Plan confirmation would need to finalize a value (likely as a compromise to get to a consensual plan) that would pay $ above…
Until now, the debtors have been marking their own homework, so it's no surprise they fear what an independent examiner might unearth.
🚨 Breaking News! THE DEBTOR AIM TO EMERGE FROM CHAPTER 11 BY MID-YEAR. In a Letter to the Judge Dorsey, The debtor argue that the appointment of an independent examiner will slow down the process.
FOLLOW THIS THREAD
For anyone still brainwashed by the debtor's "petition date pricing is law" - just take a look at the Genesis Plan as precedent. Docket 1031 after USD holders are made whole, soft in-kind recovery for btc, eth holders why are we instead allowing value to accrue to alameda…
FTX Sold 22 million shares - $900m of Grayscale's Bitcoin ETF FTX held 22.3 million GBTC, valued at $597 million (Oct. 25, 2023) coindesk.com/business/2024/…
coindesk.com
FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating...
Fellow creditors - do not be fooled Our assets do not belong to the estate, so-called “bk law” petition date pricing does not apply Turn up and fight, show the judge we will not sign the zero-benefit IAHG settlement and the plan vote will not pass
FTX customers say current bankruptcy plan would be a second robbery blockworks.co/news/ftx-forme…
The Third Circuit reversed FTX bankruptcy court and ordered appointment of examiner UCC, debtors had filed objections to US Trustee's motion for examiner Bankruptcy Court had denied motion for examiner because deemed Mr. Ray “completely independent” from FTX’s founding members
Great source of knowledge. United we stand!
Quick video on MORs and $GBTC. As always information is power. Thank you @SimonDixonTwitt for alerting me to the rug pull scenario which is a real possibility in FTX
@sunil_trades and I discuss the dollarization of claims and how we can get more for creditors. Knowledge is power. If you are an FTX creditor please ask questions. The more you know, the less of a CH11 victim you become.
Tried once to get ppl to realise some stuff about the bankruptcy, it wasn’t enough Will be trying again very soon, and this time it will be going to actual war to stop us getting dickslapped so hard by the debtors Any big creditors who want to join in dm me on telegram
FTX's revised reorganization plan values crypto claims at time of bankruptcy theblock.co/post/267979/ft…
theblock.co
FTX's revised reorganization plan values crypto claims at time of bankruptcy
The global cryptocurrency market has nearly doubled in the time since FTX filed for bankruptcy, but creditors could miss out.
1/ FTX customers, @FTX_Committee Why we can’t be complacent now? Deeply grateful to: @sunil_trades,@ftxcoalition,@Travis_Kling,@loomdart, @wassielawyer,@PatRabbitte1,@MrPurple_DJ,@uc_taskforce And all the other FTX customers I'm forgetting
1/Arthur Hayes: "FTX is going to become a listed equity on the US stock markets by 2025." "If you are owed money from the BK estate, you'll get a portion of that in cash and a portion in an FTX NewCo." "I think the stock will f'ng pump!"
@FTX_Official We need clarification about FTX Digital Markets' emails received by many customers. This is only adding to the confusion and needs to be addressed.
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