Conceal pecularity in FTX

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Aug 6th, 2022
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How to conceal pecularity in FTX

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should the founder of FTX who lost over one billion dollars for his customers be made to go to jail should the personal finance influencers who pumped FTX at the expense of Their audience while laughing all the way to the bank should they go to jail am I just being a total Karen right now it makes me feel important but really somebody has to pay and itamp;#39;s not like we havenamp;#39;t seen this before the Tinder swindler forced to undergo two years in Victorian prison fire festivalamp;#39;s Billy McFarland sentenced to six years in federal prison Elizabeth Holmes convicted and sentenced to over 11 years for defrauding investors sounds like her judge was really Out For Blood get it because Sarah knows Terra Luna Anna Sorkin Martin shirelli and the list just goes on I mean the only real winner here is Netflix they probably have another Emmy award-winning series on their hands

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NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkinds dramatic downfall.
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 says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.
On Nov. 8, FTX blocked customers from taking money out of the platform by removing that option online, which meant hundreds of thousands of customers did not have access to their money. When FTX could not pay the $8 billion gap, the company filed for bankruptcy.
Tom Brady is the most famous face to promote and invest in FTX and he also may have suffered the greatest individual loss. The Tampa Bay Buccaneers quarterback owned over 1.1 million common shares of FTX Trading, which equaled about $45 million before the company went bankrupt, ing to Bloomberg.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion.
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 on Nov. 9, 2022.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in a court filing Tuesday that between $14.5 billion and $16.3 billion would be available for distribution.

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