Clean up date in FTX smoothly

Aug 6th, 2022
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How to Clean up date in FTX

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what he was doing he was building his Empire and his Echo chamber and had every single person that was in that building completely trusting him we all fell for the facade I mean there was no reason to doubt a man at the time who was taking so good care of his employees but he was he was using customer funds to do that like a cult leader he was committing fraud behind our backs and were done were tired of these people that we put up on a pedestal the entire time they had plans to bring us down

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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.
FTX in November 2022 faced a liquidity crisis and searched for bailout funds; rival exchange Binance considered buying portions of the company but quickly backed out. By Nov. 11, 2022, FTXs CEO stepped down and the company filed for bankruptcy.
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.
Billions of dollars worth of cryptocurrencies began to flow out of FTX in a matter of days. A potential rescue deal with ChangPeng Zhaos Binance fell apart Nov. 8, and FTX and Alameda both declared bankruptcy Nov. 11.
What Happened to FTX? FTXs collapse took place over a 10-day period in November 2022. The catalyst was a Nov. 2 scoop by crypto news site CoinDesk that revealed that Alameda Research, the quantitative trading firm also run by Bankman-Fried, held a position valued at $5 billion in FTT, the native of FTX.
Since 2019, FTX has been a legit crypto exchange platform. It is used by millions of users around the world. It is regulated by the Hong Kong financial authority.
CharacteristicNet worth loss in billion U.S. dollarsSam Bankman-Fried (FTX)23Brian Armstrong (Coinbase)4.7Gary Wang (FTX)1.7Chris Larsen (Ripple)1.31 more row Jan 12, 2023
As the companies attempt to reorganize their business affairs in bankruptcy court, FTXs clients are asking, Will I get my money back? The short answer: Probably not.
FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used to help repay creditors, a lawyer for the failed crypto firm said during a bankruptcy court hearing Wednesday.
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.

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