FTX’s 118% Refund Plan

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00:00 - Intro
02:38 - Recap
05:11 - The Payback Plan
08:06 - Where'd The Money Come From?
11:52 - What Now?
On October 7th, a bankruptcy court approved FTX’s plan to pay back customers 118% of their account values as of November 2022. In today’s video, we go over the details of the plan, where this money came from, and what it means for Sam Bankman-Fried.

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This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).