Conceal stuff in FTX

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Aug 6th, 2022
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How to conceal stuff in FTX

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the biggest collapse in crypto history is happening right now one of the largest cryptocurrency exchanging Platforms in the world FTX declared bankruptcy with its CEO Sam bankman freed stepping down amidst a trading Scandal exposing how he built a back door in the companyamp;#39;s accounting software to move billions of customers money before customers withdrew over five billion dollars that FTX couldnamp;#39;t pay their Last Hope was for their rival binance to bail them out before binance decided to pull out of the deal after FDX was exposed for mishandling customers money rumors started going around that Sam fled the country and went to Argentina which he denied it got worse when the company lost 90 percent of its value got and robbed out of 600 million dollars and scammers took advantage of the situation by impersonating FDX and offering compensation programs itamp;#39;s so bad that the current CEO described the situation as being worse than Enron authorities are currently invest

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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.
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.
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.
Evidence presented as part of Sam Bankman-Frieds trial shows that he held Binance responsible for leaking a balance sheet for Alameda Research to CoinDesk, the media outlet a key episode in the collapse of FTX and his crypto empire.
FTX founder Sam Bankman-Fried testified Friday that his largest mistake was not having a dedicated risk management team and a chief risk manager at FTX. The result was no oversight for the bankrupt crypto exchange.
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.
The FTX scandal was allowed to happen because its young and charismatic founder exploited the flashy new cryptocurrency industry to mask what was essentially old-fashioned embezzlement, in which he stole billions of dollars from investors.

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