Correct construction in FTX smoothly

Aug 6th, 2022
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How to correct construction in FTX faster

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How to Correct construction in FTX

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how exposed are you to FDX you youve been listed as a creditor and youre helping to find Assets in bankruptcy thanks so much uh thanks for having me on this uh you know chain analysis is a blockchain analysis firm that is used to actually track funds that move on the blockchain and so you know when an incident like this happens you know everyone turns to understand where all the assets sitting now and particularly for the administrators of FTX in order to ensure that that can be the orderly you know wind down of the operation in the return of you know as many customer deposits as possible they use to analysis to be able to find those assets and and discover you know how those can be you know returned to their due creditors yeah about the what about the exposure that you have though the is it is it a bill um that chain analysis has due from FTX are you professionally or personally invested in um or have funds on the exchange because you were studying uh cryptocurrencies at Oxford a l

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Sam Bankman-Fried, the jailed founder of the collapsed cryptocurrency exchange FTX, has been extradited to the United States, where he faces criminal charges, Bahamian authorities said.
Column: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world. After being extradited to the U.S., he was released from custody on a $250-million bail package. He is currently living at his parents' home in California.
SBF then created his own crypto exchange, FTX, in 2019 based on the success of Alameda. The exchange grew fast with high-profile acquisitions, a hefty marketing budget, and promises of high returns. Users were told that they could earn much higher yields with FTX than with other traditional banks.
It is designed to support the trading of BTC options and other popular crypto derivatives. FTX helps gain access to the best spot trading practices and enables fund transfers via fiat and stable cryptocurrencies, such as Ethereum, Bitcoin, and Litecoin. It supports a selected range of stablecoins and altcoins.
Sam Bankman-Fried and Zixiao "Gary" Wang founded FTX in May 2019. FTX began within Alameda Research, a trading firm founded by Bankman-Fried, Caroline Ellison, and other former employees of Jane Street in 2017, in Berkeley, California. FTX is an abbreviation of "Futures Exchange".
FTX got deep into crypto s and derivatives, promising a robust risk management system. Soon, it brought on board Binance, the world's largest crypto exchange, as an investor. Between 2019 and 2022, FTX grew to become one of the largest exchanges in the world, competing with Binance.
He made his riches through cryptocurrency arbitrage — buying coins for a lower price on one crypto exchange, then quickly selling them for a higher price on a different exchange. He convinced a few fellow effective altruist friends to help in this arbitrage model and founded his trading firm, Alameda Research.
Bankman-Fried was arrested after federal prosecutors filed criminal charges. Bankman-Fried's company, FTX, began 2022 valued at $32 billion and he ended the year getting arrested for defrauding investors.
SBF then created his own crypto exchange, FTX, in 2019 based on the success of Alameda. The exchange grew fast with high-profile acquisitions, a hefty marketing budget, and promises of high returns. Users were told that they could earn much higher yields with FTX than with other traditional banks.
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 reached a two-year low as of Nov. 9.

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