Blot quote in FTX

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How to blot quote in FTX

4.9 out of 5

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FTX has been pumping up the price of s prior to their launch and then dumping on retail investors and key projects in the space where competition for Solana their target so far haxy infinity and ICP SPF FTX Solana whatamp;#39;s their game plan eliminate the competition how do you become the tallest building in town well you donamp;#39;t build a tall building you just knock all the other ones down thatamp;#39;s their method X in January of 2022 FTX listed Ronin Perpetual Futures contracts now this was weeks before the Ron Came live on other exchanges so the day before it launched on all other exchanges Traders on FTX pump the price to a place the market couldnamp;#39;t even handle it so what happens launch occurs the next day and the retail investors get dunked on absolutely dumped you can see on these charts what happened is insane definitely manipulation

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How much money was recovered from FTX?

Those who lost money when the exchange collapsed in November 2022 are owed around $11 billion, but the estate been able to recover as much as $16.3 billion, court records filed on Tuesday show. As a result, claims will be repaid with interest.

Did FTX customers get money back?

FTX founder Sam Bankman-Fried, left, arrives at a federal courthouse in Manhattan on Feb. 16, 2023. Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

How much money was lost during FTX?

In the aftermath of FTXs fall 2022 collapse, media estimates of customer losses ranged from $8 billion (the worth of assets on FTXs balance sheet that were unaccounted for) to $16 billion (the amount of funds frozen) to $32 billion (the market value of FTX prior to its implosion).

What was FTX doing wrong?

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 cash did FTX have?

Once it finishes selling all of its assets, FTX will have as much as $16.3 billion in cash to distribute, ing to a company statement. It owes more than 2 million customers and other non-governmental creditors about $11 billion.

What is the sentence for the founder of FTX?

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for the securities fraud conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. Bankman-Fried also was ordered to pay $11 billion in forfeiture at the sentencing in Manhattan federal court.

How much money is owed by FTX?

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.

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