Cover up background in FTX

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Aug 6th, 2022

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How to cover up background in FTX

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(indistinct group chatter) He had become a celebrity. Thereamp;#39;s no question. One of the richest people on the planet and certainly one of the youngest rich people on the planet. He was on the cover of Fortune this year, being compared to Warren Buffet. 30-year-old billionaire Sam Bankman-Fried, better known as SBF, saw a meteoric rise as cryptoamp;#39;s golden boy. The more time I spent with Sam, the smarter I felt that he was. My goal is to be able to donate almost everything that I make. A seemingly altruistic billionaire looking to have a big impact. I donamp;#39;t give a (beep) a about my legacy, like I care about the impact that I have. He struck me as somebody that was really trying to do something transformative. Which is why the crypto scandal that engulfed him shocked the world. News overnight. Sam Bankman-Fried is now in custody in the Bahamas. His $32 billion cryptocurrency exchange. FTX goes bankrupt in a matter of days. $8.9 billion in customer funds are missing. I

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Who is the woman with glasses in FTX?

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in a court filing Tuesday that between $14.5 billion and $16.3 billion would be available for distribution.

How much money did FTX steal?

NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkinds dramatic downfall.

What exactly happened at FTX?

FTX crashed due to mismanagement of funds, lack of liquidity and the large volume of withdrawals. Binance announced it would buy FTX to prevent a larger market crash, but quickly bailed out of the deal as more news reports of mishandled customer funds surfaced.

What happened with FTX in simple terms?

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 on Nov. 9, 2022.

What went wrong with FTX?

Caroline Ellison (born 1994) is an American former business executive and quantitative trader who was the CEO of Alameda Research, the trading firm affiliated with the cryptocurrency exchange FTX and founded by FTX founder Sam Bankman-Fried.

What happened to all the money in FTX?

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.

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