Bold street in FTX smoothly

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Aug 6th, 2022
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How to bold street in FTX

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How to Bold street in FTX

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OUT. THIS MIGHT BE THE DUMBEST TIME TO BE ALIVE. LETS TURN IT OVER TO JORDAN BELL FOR THE. MOTIVATIONAL SPEAKER, KNOWN AS THE WOLF OF WALL STREET. JORDAN, DID YOU SEE MINI MADOFF COMING? WERE YOU ONE OF THE SMART GUYS? WELL, I DIDNT HAVE ANY MONEY AT FTX. I THINK THE WHOLE CONCEPT OF WHAT FTX REPRESENTED, WHICH WAS A BROKERAGE FIRM THAT YOU DONT KNOW HOW THEY ARE HOLDING MONEY OVERSEAS OPERATIONS LIGHTLY REGULATED. I DIDNT LOSE MONEY. LISTEN, I WILL ADMIT THOUGH NOT THAT I WAS FOOLED BY IT, BUT, YOU KNOW, YOU HAVE NO WAY OF KNOWING HOW MUCH FRAUD SOMEONE IS COMMITTING UNLESS YOU CAN LOOK INSIDE THEIR BOOKS. Jesse: WHAT ABOUT IF WHAT THEY ARE WEARING? WHAT IF THE GUY HAS AFRO WITH GYM SHORTS AND SHAKING LIKE THIS? THATS -- PEOPLE THAT ACTUALLY DID DUE DILIGENCE THEY ACTUALLY SHOULD HAVE THEIR HEADS EXAMINED BECAUSE IF I WOULD HAVE WALKED INTO THIS PLACE AND TAKEN ONE LOOK AROUND, IT WOULD HAVE TAKEN ME FIVE SECONDS FLAT TO SAY THERE IS SOMETHING AMISS HERE, THERE IS NO W

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The Wall Street Journal reported that Bankman-Fried may have illegally taken about $10 billion in FTX customers funds for his trading firm, Alameda Research, whose future is also in peril.
The collapse of the crypto exchange FTX seemed to materialize out of nowhere: Within one week in November, FTX transformed from one of the most respected and trusted parts of the crypto industry to a bankrupt disgrace that lost more than $8 billion of its customers money, ing to authorities.
The judge said Bankman-Fried would be arraigned on the charges that he stole billions of dollars from customers of his crypto-trading platform at a future date.
What happened to 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 as of Nov. 9.
Collapsed cryptocurrency exchange FTX says that around $415m (338m) of crypto has been stolen by hackers. About $323m was from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTXs CEO says.
FTX claims it has recovered $1 billion in assetsa fraction of the $8 billion or more missing. Some $3.1 billion is owed to the companys top 50 creditors, ing to a bankruptcy filing from FTX last month.
By Nov. 11, 2022, FTXs CEO stepped down and the company filed for bankruptcy. In the hours following, FTX experienced a possible hack in which hundreds of millions worth of s were stolen. FTX founder and ex-CEO Sam Bankman-Fried was arrested in the Bahamas and extradited to the U.S. in late December.
What to know about Sam Bankman-Fried, FTXs embattled founder. Bankman-Fried was arrested after federal prosecutors filed criminal charges. Bankman-Frieds company, FTX, began 2022 valued at $32 billion and he ended the year getting arrested for defrauding investors.
In 2017, Bankman-Fried left Jane Street and founded Alameda Research, a quantitative trading firm making millions of dollars per day actively trading cryptocurrency among various international markets. He founded the cryptocurrency exchange FTX in April 2019 and launched it the next month.
FTX collapsed in early November 2022 following a report by CoinDesk highlighting potential leverage and solvency concerns involving FTX-affiliated trading firm Alameda Research. FTXs collapse shook the volatile crypto market, which lost billions at the time, falling below a $1 trillion valuation.

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