Cancel comment in FTX smoothly

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Aug 6th, 2022
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How to Cancel comment in FTX

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the story of Sam Beckman freed and FTX is really a story not just about capitalist excesses but about corporatist excesses its about the fact that when there is an impression that government is going to back your play people are willing to give you enormous sums of money and how people who are involved in this sort of play spend extraordinary giant piles of cash on their favorite legislators Sam bankman freed the way the media is going to play this is the 10 Beckman Freight its a quasi libertarian who is determined bound and determined to avoid regulation at all costs and finally if we just regulate these guys we need to have a hero a hero a regular Elizabeth Warren to crack down on Sound Bank memory theres only one problem with this particular narrative Sam bankman freed is one of the biggest Democratic donors on the Block he spent 40 million dollars on Democrats in the last election cycle in midterm election cycle so basically

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The U.S. government has charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the companys collapse.
In a Thursday morning Substack post, FTX co-founder Sam Bankman-Fried denied allegations that he stole billions in user funds and suggested that Binance CEO Changpeng CZ Zhao conducted a monthslong effort to bring down FTX.
Bankman-Fried siphoned billions of dollars in customer deposits from FTX and used the funds to purchase luxury real estate, invest in other companies, make political contributions and fund cryptocurrency trading at Alameda Research, the hedge fund he also owned.
Is FTX Exchange Legit? Since 2019, FTX has been a legit crypto exchange platform. It is used by millions of users around the world.
FTXs collapse kicked off investigations by the Justice Department and the Securities and Exchange Commission focused on whether FTX improperly used customer funds to prop up Alameda Research, a crypto trading platform that Mr. Bankman-Fried had helped start.
The FTX founder, now in prison in the Bahamas, faces criminal charges that he engaged in widespread fraud since founding the cryptocurrency exchange in 2019.
Coinbase: Security. Both FTX.US and Coinbase prioritize security and have excellent track records to date. Of the two, Coinbase has been around much longer, but theyre both safe places to buy and sell cryptocurrency.
(FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.
The charges accuse him of diverting money from his investors in part to finance political donations and make risky trades through his cryptocurrency trading hedge fund, Alameda Research.Bankman-Fried was arrested in the Bahamas in December and was brought to the United States soon afterward.
The U.S. attorneys office in Manhattan has created a special task force to pursue its investigation into the collapse of FTX, the crypto exchange founded by Mr. Bankman-Fried.

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