Copy index in FTX smoothly

Aug 6th, 2022
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How to Copy index in FTX

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foreign [Music] thing first Please be aware that we at Doctor fee are no financial advisor this video is for entertainment purpose only hi everyone in this video Im going to show you step by step how you can easily transfer your crypto from FTX or FDX us to another exchange or wallet such as metamask the process is the same for FTX and FTS us whether you are a FTX or FTX user and want to withdraw coins you can use the step-by-step guide for Simplicity I will just refer to FTX from now and of course we want to keep the fees for doing so as low as possible without further Ado lets jump right into it Im here logging to my FTX account on the desktop version and dont worry if you are using the app the process is the same as a Trader I usually do not want to be exposed to Market volatility when transferring funds level 4 I usually choose to transfer a stable coin such as usdt usdc or busd Additionally the fees for transferring stable coins are usually on the lower end for FTX transferri

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By Nov. 11, 2022, FTXs CEO stepped down and the company filed for bankruptcy. In the hours following, FTX experienced a possible hack in which hundreds of millions worth of s were stolen. FTX founder and ex-CEO Sam Bankman-Fried was arrested in the Bahamas and extradited to the U.S. in late December.
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.
Billions of dollars worth of cryptocurrencies began to flow out of FTX in a matter of days. A potential rescue deal with ChangPeng Zhaos Binance fell apart Nov. 8, and FTX and Alameda both declared bankruptcy Nov. 11.
The collapse of the crypto exchange FTX seemed to materialize out of nowhere: Within one week in November, FTX transformed from one of the most respected and trusted parts of the crypto industry to a bankrupt disgrace that lost more than $8 billion of its customers money, ing to authorities.
FTX filed for bankruptcy on Nov. 11, 2022, after a surge of customer withdrawals earlier in the month. Then-CEO Sam Bankman-Fried admitted that the company didnt have sufficient assets in reserve to meet customer demand.
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.
Class-action lawsuits from FTX investors A class-action lawsuit filed against FTX also named some of the celebrities who endorsed the platform. This lawsuit alleges that U.S.-based customers suffered $11 billion in damages. The exchange is also being accused of targeting unsophisticated investors for its platform.
Collapsed cryptocurrency exchange FTX says that around $415m (338m) of crypto has been stolen by hackers. About $323m was from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTXs CEO says.

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