Copy frame in FTX smoothly

Aug 6th, 2022
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How to Copy frame in FTX

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Optics founder Sam Beekman free to seeking the right to transfer ftxs crypto despite his ousting as CEO and the Department of Justice claims SBF tried to influence witness testimony and is asking for a communication ban all right joining us now discusses Dove Kleiner hes a partner at kleinberg Kaplan wolf and Cohen Dove great to have you on the show so lawyers for the bankrupt crypto exchange founder Sam Beekman freed of FTX say that there was no evidence of restricting his access to crypto held by FTX as part of bail conditions in a fraud trial should he have access to crypto on FTX first of all good morning and thank you for having having me on um yeah it seems actually kind of uh kind of surprising that he ought that um hes asking for access to assets which by all accounts seem to be the product of um you know misdirection and may involve customer funds I mean thats currently being investigated by the doj the SEC the cftc and the debtor estate and so it is hard to see how he wo

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In just a few days, the cryptocurrency exchange went from a company with a peak valuation of $32 billion to filing for bankruptcy. The liquidity crunch had customers demanding withdrawals, and Binance abandoned the non-binding acquisition agreement they had with FTX.
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 as of Nov. 9.
The Wall Street Journal reported that Bankman-Fried may have illegally taken about $10 billion in FTX customers funds for his trading firm, Alameda Research, whose future is also in peril.
Bankman-Frieds lawyers ultimately negotiated over how to extradite him in exchange for letting him stay out of prison without posting a huge bond, given his lack of funds.
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Large chunks of the money went to pay off risky bets made by Alameda Researchthe hedge fund started by FTXs founder Sam Bankman-Fried.
Bankman-Fried allegedly used billions of dollars of FTX customer funds for his personal use, to make investments and millions of dollars of political contributions to federal political candidates and committees, and to repay billions of dollars in loans owed by Alameda Research, a cryptocurrency hedge fund also founded
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 as of Nov. 9.

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