Correct state in FTX smoothly

Aug 6th, 2022
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How to Correct state in FTX

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ALERT. A TEXAS STATE REGULATOR IS INVESTING THE CRYPTO EXCHANGE FTX. THE BOARD IS LOOKING INTO WHETHER IT OFFERED UNREGISTERED SECURITIES THROUGH THE YIELD-BEARING ACCOUNTS, WHICH OFFER AS MUCH AS 8%. FTX SAYING IN A STATEMENT WE HAVE BEEN IN TALKS WITH THE TEXAS STATE REGULATOR FOR A WHILE AND WE HAVE AN ACTIVE APPLICATION FOR A LICENSE, WHICH HAS BEEN PENDING THEY GO ON TO SAY WE BELIEVE WERE RA OPERATING WITHIN THE BOUNDS AND THEY ALSO MENTIONED VOYAGER. WE ARE WORKING EXCEPTIONAL HARD TO ENSURE VOYAGER CUSTOMERS GET THE BEST POSSIBLE OUTCOME. THIS GOES BACK TO A BANKRUPTCY FILING BY VOYAGER. THE STATE REGULATOR APPOINTS TO SOME OF THE ACCOUNTS AT FTX, LOOKING SIMILAR TO THOSE OFFERED BY VOYAGER VOYAGER IS SELLING ITS ASSETS TO FTX FOR ABOUT A BILLION. THIS HAS B

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FTXs collapse wiped out $200 billion in the total value of the cryptocurrency market, and it hit retail investors in emerging economies the hardest.
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.
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.
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.
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.
FTX is a global cryptocurrency exchange that operates with two branches: FTX.com and FTX.US. International users can use FTX.com to invest in hundreds of different cryptos and pay low trading fees. In contrast, U.S. customers use FTX.US, which supports about 20 cryptos but also has low trading fees.
FTX, which a year ago was valued at $32bn, filed for bankruptcy protection on 11 November. It has been estimated that $8bn of customers funds was missing.
FTX peak trading volume FTX managed to quadruple its peak 24 hour trading volume in 2021, docHubing $21 billion.

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