Correct expense in FTX

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How to Correct expense in FTX

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Want to know how to live like a king on someone elses dime? Meet Mr.Sam Bankman-Fried and his Ex-Girlfriend Caroline Elison who did exactly that, the masterminds behind the collapse of FTX. The Altruistic Power Couple who defrauded millions out of their customers. They lost $8 Billion Dollars overnight. From fancy restaurants to living in a $40 million mansion, this story will make your jaw drop. In this video, Im going to take you into the world of this crypto elite, where the rules dont apply and greed knows no bounds. He literally fooled all of us. And now, the burning question on everyones minds - where the heck did all that cash go? You wont believe what we uncovered in this investigation. These two seemingly harmless CEOs were living the high life, and were not just talking fancy cars and designer clothes. Were talking straight up baller lifestyle, complete with private jets and yachts. But wait, it gets even crazier. In November 2022, FTX filed for ba

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What went wrong 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.

What exactly did FTX do wrong?

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.

How much does FTX charge per transaction?

Maker fees are 0.02% and taker fees are 0.07%. If you trade a lot, you can go down to 0.0% and 0.04%, respectively. You can also stake FTT, the exchanges native , and reduce your maker fees to 0 by staking only 25 FTX s (FTT).

Who lost money in FTX?

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.

Did everyone with money in FTX lose it?

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.

Can FTX be trusted?

Is FTX Exchange Legit? Since 2019, FTX has been a legit crypto exchange platform. It is used by millions of users around the world. It is regulated by the Hong Kong financial authority.

What caused FTX to collapse?

The liquidation of Bahamas-based cryptocurrency exchange FTX began in November 2022. The collapse of FTX, caused by a liquidity crisis of the companys , FTT, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.

Why is FTX going to jail?

FTX founder Bankman-Fried to be released on $250 million bail The founder of cryptocurrency exchange FTX appeared in court after being extradited from the Bahamas. Hes charged with alleged fraud, conspiracy, money laundering and illegal campaign contributions.

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