Correct text in FTX smoothly

Aug 6th, 2022
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How to Correct text in FTX

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>> Tucker: OH, THE FREE STATE OF FLORIDA HERE FOR THE PATRIOT AWARDS. A HIGHLIGHT OF THE YEAR. GOOD EVENING AND WELCOME TO TUCKER CARLSON TONIGHT. THE COLLAPSE OF THE CRYPTO CURRENCY EXCHANGE FTX IS, EVEN IF YOU'RE NOT INTERESTED IN CRYPTOCURRENCY, A HISTORY CHANGING EVENT. IT MAY TURN OUT TO BE THE BIGGEST SINGLE DAY LOSS OF ASSETS IN THE HISTORY OF MONEY. BILLIONS OF DOLLARS EVAPORATED IN MOMENTS AND IT'S NOT CLEAR WHAT HAPPENED TO A LOT OF THE MONEY. IT JUST DISAPPEARED AND AS IT DID, IT SPARK ADD GROWING FINANCIAL CRISIS ACROSS THE ENTIRE SECTOR OF THE ECONOMY. DISASTER THAT QUITE POSSIBLY COULD GET VERY WORSE, VERY SOON. BUT THE STORY OF FTX IMPLOSION IS BIGGER THAN EVEN IN THE GLOBAL RECESSION IT MAY CAUSE. IT IS THE STORY OF THE COMPLETE AND UTTER CORRUPTION OF THE PEOPLE THAT RUN OUR COUNTRY. THE VERY PEOPLE WHO SHOULD HAVE BEEN COVERING AND REGULATING AND REIGNING FTX AND THE 30-YEAR-OLD FOUNDER WERE PROFITING FROM THE SCAM. NOT JUST A FEW BUT NEARLY ALL OF THEM FROM THE NEWS...

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The crypto exchange collapsed after it came to light that Alameda had been using FTX customer assets to cover trading losses. “The owners of the company could really run free-rein” between all of FTX international, FTX US', and Alameda Research's assets, Ray testified.
Founded by Sam Bankman-Fried in 2019, FTX used customer funds to finance political donations, buy real estate and invest in other companies, U.S. authorities said this week. FTX filed for bankruptcy in November after being unable to meet about $8 billion in customer withdrawal requests.
ing to reporting from the New York Post and Forbes that analyzed court documents, Brady owned 1.1 million shares of FTX valued at roughly $45 million, while Bündchen owned 686,000 shares valued at about $25 million.
“I mean, I have no idea,” Bankman-Fried said. “I don't know. I had $100,000 in my bank account last I checked.” He said determining his wealth was “complicated,” and that basically everything he had was “tied up in the company,” which was valued at $32 billion before its collapse.
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 to know about Sam Bankman-Fried, FTX's embattled founder. 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.
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.
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.
Is using FTX illegal? ing to US securities law, mixing customer funds with counterparties and trading them without explicit consent is illegal.
What is FTX? FTX stands for "Futures Exchange." Cryptocurrency is money that is transacted in digital form. It is supposed to have "safeties" on it that prevent it from being traded multiple times, track it, and protect it from duplication or hacking.

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