Conceal emblem in FTX

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How to conceal emblem in FTX

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This is Sam, the founder of FTX a crypto exchange and Alameda Research a Crypto Hedge fund - run by Caroline Ellison a 28-year-old Harry Potter fan. All of that stuff is now gone. FTX had their own crypto which was essentially a Ponzi scheme. Sam went on a Bloomberg podcast and described it as such. He used it as collateral to borrow billions to trade crypto. He tried to build a Crypto Empire out of failing firms leading Jim Cramer to call him the new JP Morgan, turned out that he was instead the Gen Y Bernie Madoff. Sams schemes worked for a while, but a different but not much different guy called CZ - who hated Sam engineered a bank run, by sowing doubt on Twitter. SBF couldnt pay customers back and now FTX has gone bust. Sam was really just a few billion dollars short. Turned out that Hermoine had no magical powers and blew a lot of it trading. 40 million went on political donations, 20 million on superbowl ads, even more on influencer marketing. Now p

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Can you still access FTX?

Bankrupt FTX continues to allow crypto trade despite customers inability to withdraw funds. As of 3 pm ET, trading on both the FTX.com website and the FTX mobile app are functioning normally.

What happened to my FTX money?

What about FTX customers? FTX now says that 98% of its creditors, including individual investors who had US$50,000 or less with FTX, will receive the funds they lost. Payments will be made in cash within 60 days of a reorganisation plan going into effect.

What did FTX do with customer funds?

Sam Bankman-Fried says he never thought what he was doing at FTX was illegal. Sam Bankman-Fried says hes haunted, every day by what happened at FTX. The disgraced crypto mogul told ABC News that he never thought what he was doing was illegal.

What triggered FTX collapse?

FTX founder Sam Bankman-Fried and senior staff spent customer funds on technology investments, luxury real estate and political contributions, among other things. The missing funds are at the heart of Bankman-Frieds criminal trial, which kicked off in Manhattan federal court this week.

Why is FTX banned in US?

Criminal charges and lawsuits. Authorities arrested Bankman-Fried on Dec. 12, 2022, for multiple fraud charges with FTX. Bankman-Fried was indicted by the U.S. District Court on eight criminal charges, including money laundering, wire fraud, campaign finance violations and securities fraud.

Is FTX illegal?

-- As Bankman-Fried tried to rescue FTX in its frantic final days, he sought emergency investments from financial behemoths in Saudi Arabia and Japan and was joined at his Bahamas headquarters by his law professor father.

Is the owner of FTX going to jail?

Bankman-Fried was sentenced to 25 years in prison after he was convicted of defrauding FTXs customers, investors and lenders.

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