Black out detail in FTX

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Aug 6th, 2022

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How to black out detail in FTX

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hello Shane for an air Market analyst over how to trade.com just when you thought the crypto winner was over we have a fresh meltdown on the heels of Terra last spring which brought the Bitcoin ethereum everything to its knees now we have the ftxamp;#39;s native ftt really crashing down hard in what could be one of the biggest debacles in crypto history it said two billion dollars worth of market share in the past week prices went from 21 all the way down to just above three dollars leader bankman freed is becoming a very very controversial figure not because of just his political standing but also what it was done they were raiding customer segregated funds in the terms of investigators just now they say that the books of the company are a legitimate black hole so regulation is imminent I think that the song is just starting there for the for the ftt coin keep a close side price action and weamp;#39;ll see in the trading room

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What happened to my money in FTX?

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.

What went wrong with FTX?

FTX crashed due to mismanagement of funds, lack of liquidity and the large volume of withdrawals. Binance announced it would buy FTX to prevent a larger market crash, but quickly bailed out of the deal as more news reports of mishandled customer funds surfaced.

How much money did FTX steal?

NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkinds dramatic downfall.

What happens now with FTX?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in a court filing Tuesday that between $14.5 billion and $16.3 billion would be available for distribution.

Are FTX investors getting money back?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

What happened with FTX in simple terms?

What Happened to FTX? FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion.

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