xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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Lost in investment sucks but lost in fraudulence is even worst!
Here are some ideas that you may recover some of your funds if you are a user of FTX US.
For a disclaimer, I am not a financial advisor/legal advisor/lawyer of any kinds, you will have to do your due diligence, I only provide information that viable through Good Samaritan Act.
You lost funds either through fiat, derivatives, crypto and stocks from FTX US.
If you lost as derivatives and stocks, you do not need to worry because bankruptcy of 11/11 did not include derivatives and stocks under separate entity “Ledger X”. You can still withdraw funds without any problems.
Different entities handled your funds, further information is here.
If you lost fiat in crypto app or exchange, and if funds below 6 figures, you should:
1- Keep records of any correspondence either through emails, bank statements of deposit, request data from Plaids, or any statements or screenshots from FTX US.
2- Contract your banks and notice the bankruptcy of FTX US to prevent any further funds withdrawals.
3- Possible file fraudulent charges from your banks.
https://twitter.com/jbrowder1/status/1592221691001950209
A consumer must report an unauthorized electronic fund transfer that appears on a periodic statement within 60 days of the financial institution’s transmittal of the statement to avoid liability for subsequent transfers.
4 - If you lost beyond 8K, police report may need it to claim the fraudulent depends on your location.
5- If your lost beyond 6 figure ms, find a lawyer.
6- Join collective lawsuit at here, and double make sure their credibility.
7- If your lost in crypto or NFT or combination of both, here is what you should do:
Keep all your records of on-chain transactions and email responses of withdrawals and any kinds including screenshots.
Crypto is unsecured assets that are less likely to be remedied, but you may still able to do so to keep all records in case bankruptcy proceedings with portions of returns down the road.
*Any withdrawals request after bankruptcy 11/11 is likely not able to process.
And Plaid has no information about any ACH or Wiring transfer according to here.
Hope everyone can return your lost and I will update you if I find more ways to get funds back.
I will provide further information in Reddit.
Photo by Andrew Neel on Unsplash
Lost in investment sucks but lost in fraudulence is even worst!
Here are some ideas that you may recover some of your funds if you are a user of FTX US.
For a disclaimer, I am not a financial advisor/legal advisor/lawyer of any kinds, you will have to do your due diligence, I only provide information that viable through Good Samaritan Act.
You lost funds either through fiat, derivatives, crypto and stocks from FTX US.
If you lost as derivatives and stocks, you do not need to worry because bankruptcy of 11/11 did not include derivatives and stocks under separate entity “Ledger X”. You can still withdraw funds without any problems.
Different entities handled your funds, further information is here.
If you lost fiat in crypto app or exchange, and if funds below 6 figures, you should:
1- Keep records of any correspondence either through emails, bank statements of deposit, request data from Plaids, or any statements or screenshots from FTX US.
2- Contract your banks and notice the bankruptcy of FTX US to prevent any further funds withdrawals.
3- Possible file fraudulent charges from your banks.
https://twitter.com/jbrowder1/status/1592221691001950209
A consumer must report an unauthorized electronic fund transfer that appears on a periodic statement within 60 days of the financial institution’s transmittal of the statement to avoid liability for subsequent transfers.
4 - If you lost beyond 8K, police report may need it to claim the fraudulent depends on your location.
5- If your lost beyond 6 figure ms, find a lawyer.
6- Join collective lawsuit at here, and double make sure their credibility.
7- If your lost in crypto or NFT or combination of both, here is what you should do:
Keep all your records of on-chain transactions and email responses of withdrawals and any kinds including screenshots.
Crypto is unsecured assets that are less likely to be remedied, but you may still able to do so to keep all records in case bankruptcy proceedings with portions of returns down the road.
*Any withdrawals request after bankruptcy 11/11 is likely not able to process.
And Plaid has no information about any ACH or Wiring transfer according to here.
Hope everyone can return your lost and I will update you if I find more ways to get funds back.
I will provide further information in Reddit.
Photo by Andrew Neel on Unsplash
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