Profit: 301.08$ (8% APY)#dailyReport for 7th of November
——————— INCOME & FEES ———————
Fundings: 432.24$
Trading: -48.45$
Trading fees: -16.93$
Interest fees: 4.25$
Service fee: 95.39$
—————————— TRADING ——————————
Spot: 1399 trades 825844$
Perp: 1589 trades 867097$
————————— POSITIONS —————————
SUSHI 117972$ 8.0%
MATIC 102127$ 7.0%
RNDR 102105$ 6.9%
CREAM 77352$ 5.3%
FTT 72998$ 5.0%
MNGO 70633$ 4.8%
OTHERS 143819$ 20.9%
——————————— FUNDS ———————————
Capital: 1469426$
Capital Usage: 46.8%
Investors: 42
Profit: 1540.14$ (48% APY)#dailyReport for 8th of November
——————— INCOME & FEES ———————
Fundings: 470.45$
Trading: 13669.31$
Trading fees: -84.01$
Interest fees: 5.70$
Service fee: 12677.93$
—————————— TRADING ——————————
Spot: 4878 trades 3303659$
Perp: 7026 trades 5097587$
————————— POSITIONS —————————
SOL 78012$ 5.4%
CREAM 70505$ 4.9%
MNGO 59459$ 4.1%
RNDR 42984$ 3.0%
KSHIB 40001$ 2.8%
FTT 38988$ 2.7%
OTHERS 62625$ 16.0%
——————————— FUNDS ———————————
Capital: 1441400$
Capital Usage: 27.2%
Investors: 40
New disbursement fee structure effective from today: APR (revenue without compounding) is now used to calculate service fees instead of APY (compounded income). For low profit days (5-20%), there is not much difference, but for days like the last two, when the profit is quite large (100%+), clients will receive more than twice as much as before. Please check agreement for more details on current fees or wayback machine for history of changes.
Profit: 2135.22$ (72% APY)#dailyReport for 9th of November
——————— INCOME & FEES ———————
Fundings: 14232.20$
Trading: -8707.07$
Trading fees: -190.73$
Interest fees: 1017.94$
Service fee: 2562.71$
—————————— TRADING ——————————
Spot: 12600 trades 8196503$
Perp: 11863 trades 10908303$
————————— POSITIONS —————————
BTC 1023982$ 70.8%
MATIC 112987$ 7.8%
LTC 96984$ 6.7%
CREAM 49588$ 3.4%
XRP 48678$ 3.4%
ETH 46286$ 3.2%
OTHERS 168551$ 10.9%
——————————— FUNDS ———————————
Capital: 1446098$
Capital Usage: 107.0%
Investors: 39
FTX, the exchange used for trading, is currently unable to process withdrawals due to a liquidity crunch. As a result, all pending withdrawals in the system have been cancelled, please do not make new requests until further notice. Withdrawals will be processed after FTX is restored.
Profit: 12412.40$ (2019% APY)#dailyReport for 10th of November
——————— INCOME & FEES ———————
Fundings: 81698.03$
Trading: 33137.36$
Trading fees: -50.16$
Interest fees: 3074.28$
Service fee: 99398.88$
—————————— TRADING ——————————
Spot: 5312 trades 2509495$
Perp: 4132 trades 2496282$
————————— POSITIONS —————————
BTC 1583931$ 99.7%
RAY 54857$ 3.5%
CREAM 37380$ 2.4%
BCH 28274$ 1.8%
KSHIB 21350$ 1.3%
APE 14941$ 0.9%
OTHERS 78755$ 4.3%
——————————— FUNDS ———————————
Capital: 1589243$
Capital Usage: 114.5%
Investors: 40
Profit: 12934.78$ (1827% APY)#dailyReport for 11th of November
——————— INCOME & FEES ———————
Fundings: 42052.57$
Trading: 85207.55$
Trading fees: -33.47$
Interest fees: 2406.81$
Service fee: 111952.00$
—————————— TRADING ——————————
Spot: 4673 trades 1120566$
Perp: 1905 trades 1110856$
————————— POSITIONS —————————
BTC 438438$ 25.6%
RAY 47366$ 2.8%
CREAM 36413$ 2.1%
BCH 23173$ 1.4%
MNGO 20351$ 1.2%
KSHIB 19951$ 1.2%
OTHERS 59644$ 9.2%
——————————— FUNDS ———————————
Capital: 1714130$
Capital Usage: 37.6%
Investors: 40
The FTX trading API went offline about 6 hours ago, so no trades, balance checks, and any other things related to trading are possible. The moreUSD bot is disabled, the most recent balance and investor records are saved.
It seems that the remaining funds on the exchange wallets were withdrawn by an unknown person, no official comments have been received yet. It does not look like the FTX exchange will continue its normal operations anytime soon. Only FTX owners know what's going on and what their next steps will be, please check the media for more information.
However, when it becomes possible to withdraw funds or continue trading, a notification will appear in this channel and appropriate actions will be taken. Until then, since there is no trading, no reports will be generated. Your latest balances, which you can always check with the bot, will be used to file bankruptcy claims on FTX whenever possible.
Internal transfers between moreUSD accounts work because they didn't depend on the FTX infrastructure, but everything else, like trading and withdrawals, unfortunately did.
It seems that the remaining funds on the exchange wallets were withdrawn by an unknown person, no official comments have been received yet. It does not look like the FTX exchange will continue its normal operations anytime soon. Only FTX owners know what's going on and what their next steps will be, please check the media for more information.
However, when it becomes possible to withdraw funds or continue trading, a notification will appear in this channel and appropriate actions will be taken. Until then, since there is no trading, no reports will be generated. Your latest balances, which you can always check with the bot, will be used to file bankruptcy claims on FTX whenever possible.
Internal transfers between moreUSD accounts work because they didn't depend on the FTX infrastructure, but everything else, like trading and withdrawals, unfortunately did.
Claim for account with moreUSD funds filled.
Still, regular accounts are only third in a row, please read here for more information.
Still, regular accounts are only third in a row, please read here for more information.
PwC
FTX Digital Markets Ltd. (In Official Liquidation) (“FTX Digital”)
On 10 November 2022 the Securities Commission of the Bahamas (https://www.scb.gov.bs/) presented a winding up petition against FTX Digital Markets Ltd. (“FTX Digital” or “the Company”) and suspended its licence to operate as a digital asset business. FTX…
Good news is that all KYC checks are passed and payment method (Kraken) was chosen a while ago. So we are eagerly waiting for 30th of May 2025 distributions (sources say, it will be 80% from account valuation with more distribution to come in next couple of years).
Bad news is that Kraken initiated verification process on my account with them, which was opened about 10 years ago. There is no option to verify with Russian passport, as well as no option to verify with Slovenian residence permit. I have been contacting support for last three weeks, but their only response is "we are processing your case, please wait".
We do have one month to wait, but I am not sure what to do if Kraken account gets closed without reasons (I have heard a lot of stories about that from Russians living in Slovenia). Hopefully it will not be our case, because second payment option, BitGo, does not accept Russian citizens and third option is still not available.
I will post an update, when Kraken account is ready to receive payouts.
Bad news is that Kraken initiated verification process on my account with them, which was opened about 10 years ago. There is no option to verify with Russian passport, as well as no option to verify with Slovenian residence permit. I have been contacting support for last three weeks, but their only response is "we are processing your case, please wait".
We do have one month to wait, but I am not sure what to do if Kraken account gets closed without reasons (I have heard a lot of stories about that from Russians living in Slovenia). Hopefully it will not be our case, because second payment option, BitGo, does not accept Russian citizens and third option is still not available.
I will post an update, when Kraken account is ready to receive payouts.
Good news is that account on Kraken, finally, is verified. It took lot of time and some extra documentation, but finally they believe, that it is owned by EU resident, regardless of passport nationality.
Bad news is that linking to FTX payment disappeared in kraken interface, while it shows that it is connected and awaiting payments on FTX website. Like I don't have anything else to do, except keep on asking to restore the link. I will have to anyway.
Still, that is not a major concern, sooner or later they will figure out and process the payment, I hope.
Bad news is that linking to FTX payment disappeared in kraken interface, while it shows that it is connected and awaiting payments on FTX website. Like I don't have anything else to do, except keep on asking to restore the link. I will have to anyway.
Still, that is not a major concern, sooner or later they will figure out and process the payment, I hope.
FTX sent notification, that 72.5% from balance should be paid on 30th of May to Kraken account. Whenever this transfer will be received from Kraken, it will be redistributed to moreUSD investors.
I think, I am able to offer every investor, who do not want to wait another couple of years to receive full payout, 100% payout of their balance immediately.
If you choose to receive full payout, then you will forfeit any claims for upcoming payments, if any. If you choose to receive partial payout, that is 72.5%, you will need to repeat the process later, when FTX sends another transfer.
Regardless of what you choose, you MUST follow these steps to arrange the payout.
===================================================
0. Open "@moreUSDbot" in your telegram account.
1. Send "/menu" command or click "Menu" button and select "Show main menu"
2. Click on "Settings"
3. Click on "Nickname"
4. Enter your email and send to bot.
5. Confirm new nickname to be set to your email address.
6. Go to "Settings" -> "Nickname" again and check that your current nickname is set to your contact email address.
7. From this email address send request to contact@moreusd.fund using following template (put your own data instead of <EXAMPLES>, remove brackets too):
Email: <email@gmail.com>
Investor ID: <11>
Investor total balance: <20890.23>$
Type of withdrawal: <Partial (72.5%)> or <Full (100%)>
Ethereum address to receive USDC: <0x1234a020dDCB8dd2b4a04E12888E7124Ab6EA31D>
Telegram contact: <@username> or <+79081234567>
===================================================
Please note, that payouts will be processed in USDC (1 USDC = 1$) on ETHEREUM network, same way how deposits/withdrawals were processed before FTX collapse.
Also please be patient, because all withdrawal requests will be manually checked, so it may take days, maybe weeks to process all of them.
Hopefully everything will go smoothly.
I think, I am able to offer every investor, who do not want to wait another couple of years to receive full payout, 100% payout of their balance immediately.
If you choose to receive full payout, then you will forfeit any claims for upcoming payments, if any. If you choose to receive partial payout, that is 72.5%, you will need to repeat the process later, when FTX sends another transfer.
Regardless of what you choose, you MUST follow these steps to arrange the payout.
===================================================
0. Open "@moreUSDbot" in your telegram account.
1. Send "/menu" command or click "Menu" button and select "Show main menu"
2. Click on "Settings"
3. Click on "Nickname"
4. Enter your email and send to bot.
5. Confirm new nickname to be set to your email address.
6. Go to "Settings" -> "Nickname" again and check that your current nickname is set to your contact email address.
7. From this email address send request to contact@moreusd.fund using following template (put your own data instead of <EXAMPLES>, remove brackets too):
Email: <email@gmail.com>
Investor ID: <11>
Investor total balance: <20890.23>$
Type of withdrawal: <Partial (72.5%)> or <Full (100%)>
Ethereum address to receive USDC: <0x1234a020dDCB8dd2b4a04E12888E7124Ab6EA31D>
Telegram contact: <@username> or <+79081234567>
===================================================
Please note, that payouts will be processed in USDC (1 USDC = 1$) on ETHEREUM network, same way how deposits/withdrawals were processed before FTX collapse.
Also please be patient, because all withdrawal requests will be manually checked, so it may take days, maybe weeks to process all of them.
Hopefully everything will go smoothly.
Finally got funds distributed on Kraken, but withdrawal has been pending for hours, last time it was like this it ended up with SoF check. The documents are clear, but it might take another couple of days to settle.
Almost everyone sent a correct request, thank you for your attention. Requests will be processed as soon as money is received from exchange. You should have your queue number, the higher it is - the longer you will need to wait.
Almost everyone sent a correct request, thank you for your attention. Requests will be processed as soon as money is received from exchange. You should have your queue number, the higher it is - the longer you will need to wait.
Got funds from Kraken, will proceed with distributions shortly. Make sure to check your email, you used for requesting payout from contact@moreusd.fund, there will be final confirmation before money are sent. It will take couple of days though, better late than sorry.
Another payout from FTX received, this time only 5.7% from original claim. Thank you all for quick confirmation of your distribution addresses.
Payment for 18.1% received from FTX, but Kraken reseted my KYC status and asks again for updated source of funds and usual KYC/AML stuff. I have already uploaded the documents three days ago, but no response yet. Distributions will be proceeded as soon as money are withdrawn from exchange.