Blot paragraph in FTX

Easily blot paragraph in FTX to work with documents in various formats

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How to blot paragraph in FTX

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lot of you wanted a breakdown of the FTX drama and Iamp;#39;m Vivian your Rich BFF and your favorite Wall Street girly and Iamp;#39;m gonna deliver tldr crypto CEO Sam bangman Freedamp;#39;s company FTX imploded hereamp;#39;s why the bad news started when coindesk released a report that basically was like uh spfamp;#39;s crypto trading firm Alameda research and his trading platform FTX may be more intermingled than they should be sus a few days later the CEO of binance FTX number one competitor decides to sell 530 million dollars worth of ftt a coin FTX invented and when users saw this they panicked and also sold about 6 billion in withdrawals happened over 72 hours which FTX couldnamp;#39;t fulfill but all seemed okay when FTX announced that binance was going to buy them effectively bailing them out but after a little research binance said FTX is a lemon and for that reason weamp;#39;re out no bailout meant FTX had to file for bankruptcy and SPF resigned as CEO and lost 94 of h

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How much money was stolen from FTX?

Bankman-Fried was found to have stolen at least $8 billion from FTX customers. He was also ordered to pay $11 billion today.

How much money was wiped out with FTX?

The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTXs accounts, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.

How much did FTX investors lose?

At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

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 happened with FTX in simple terms?

On Nov. 8, FTX blocked customers from taking money out of the platform by removing that option online, which meant hundreds of thousands of customers did not have access to their money. When FTX could not pay the $8 billion gap, the company filed for bankruptcy.

How much money did the FTX collapse?

FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.

What went wrong with FTX?

FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low on Nov. 9, 2022.

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