Conceal company in FTX

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Aug 6th, 2022
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How to conceal company in FTX

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Sam Iamp;#39;m telling you you got to let him do his job Iamp;#39;m trying to talk to SPF here guys just one second so weamp;#39;ll talk about this later I got to do the show so weamp;#39;ll talk again hey guys welcome back to the channel so we got to talk about uh FTX in fact um let me just show you this uh theyamp;#39;re getting more details about sort of how the inner workings of the company and essentially if you guys donamp;#39;t know um they brought in the uh person who handled the Enron bankruptcy uh to come in and try to clean up the mess so um hereamp;#39;s the first headline here it says CEO overseeing FTS are structuring uh calls it unprecedented mess and again this is from John Ray uh and heamp;#39;s the one who um essentially what happens is when kind of SPF or Sam bakeman freed who is the CEO of FTX he steps down you bring in someone else essentially to everyone else what to do and sort of recover money for uh investors thatamp;#39;s whatamp;#39;s going on right

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Mystery solved: $400M FTX hack carried out by SIM-swap gang that impersonated female exec. Evidence suggests the U.S.-based phone hackers had ties to Russian crypto thieves.
FTX filed bankruptcy in November 2022 after Bankman-Fried shut down the companys crypto-trading platform and handed control to insolvency experts. Bankman-Fried was later convicted of fraud. The case is FTX Trading Ltd., 22-11068, US Bankruptcy Court for the District of Delaware.
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. FTX scam explained: Everything you need to know - TechTarget techtarget.com whatis feature FTX-sca techtarget.com whatis feature FTX-sca
Acquisitions Acquiree NameAnnounced DatePrice Bitocto Nov 24, 2022 $7M Voyager Sep 26, 2022 $1.3B Bitvo Exchange Jun 17, 2022 Digital Assets Mar 23, 2022 $320M5 more rows FTX - Investments, Portfolio Company Exits - Crunchbase crunchbase.com recentinvestments crunchbase.com recentinvestments
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
For instance, Bankman-Fried directed co-conspirators to alter FTXs computer code to allow Alameda to withdraw effectively unlimited amounts of cryptocurrency from the exchange. Bankman-Fried also made false statements to financial institutions to conceal his misuse of customer dollar deposits. Samuel Bankman-Fried Sentenced to 25 Years for His Orchestration of justice.gov opa samuel-bankman-fried-s justice.gov opa samuel-bankman-fried-s
The collapse of FTX It began with the CoinDesk article and the leaked balance sheet. Binance initially announced it would sell all its FTT s because of the mishandled and blurred funds. The value of FTT dropped docHubly, prompting FTX customers to withdraw money from their accounts.
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.

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