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Today's tutorial discusses the implications of having funds on FTX in the event of a fallout. The speaker advises consulting a tax accountant in such situations and highlights the possibility of claiming losses as taxable deductions in cases of fraud or theft. References are made to Ponzi schemes and investment fraud, emphasizing the importance of understanding relevant sections of the tax code. The example of the Bernie Madoff case is cited to illustrate the potential implications for investors.
