Cover up flag in FTX

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Aug 6th, 2022
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How to cover up flag in FTX

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HiveEx was a small over-the-counter trading desk in Australia until it became a way for Sam Bankman-Fried and FTX to move money. and FTX to move money. Letamp;#39;s go back to 2018 when Fred Schebesta and Frank Restuccia decided they wanted to start an over-the-counter trading desk in Australia. Fredamp;#39;s vision for what HiveEx could be was so much larger than this. He went out and purchased a roughly 10% stake in the bank Goldfields Money This allowed for HiveEx to begin advertising that they could help bank ICOs In August of 2020, our friend Sam Bankman-Fried comes in and uses Alameda Research to purchase HiveEx or 300,000 AUD, director of this entity. And then a few days later, FTX announces they will be using it for banking, This is how FTX, Alameda Research, and Sam Bankman-Fried operated. They commingled, mixed operations, and purchased companies just to gain access to their banking partners. I alone cannot decide Sam Bankman-Fried is a criminal, but he certainly banks like

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FTX founder Sam Bankman-Fried, left, arrives at a federal courthouse in Manhattan on Feb. 16, 2023. Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
ing to the agencies, Bankman-Fried and top executives lied about FTXs financial health to investors, customers, and lenders and hid a billion-dollar hole in its balance sheet with financial statements, inflated valuations of speculative s like FTXs FTT exchange coin, and cryptocurrencies borrowed from
Wanting to hold customers money. Bucknam believes it was a major red flag that FTX encouraged customers -- and even, reportedly, FTX employees -- to keep their money on the exchange.
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.
Former cryptocurrency mogul Sam Bankman-Fried was sentenced to 25 years in prison for what prosecutors said was one of the biggest financial crimes in U.S. history. Bankman-Fried was found to have stolen at least $8 billion from FTX customers.
Caroline Ellison was the prosecutions star witness in its case against FTX founder Sam Bankman-Fried, who was sentenced on Thursday to 25 years in prison. Ellison, who ran FTXs sister hedge fund Alameda Research, pleaded guilty in December 2022 and has yet to face sentencing.
Some of the warnings were serious: sources say that MacAskill and Beckstead were repeatedly told that Bankman-Fried was untrustworthy, had inappropriate sexual relationships with subordinates, refused to implement standard business practices, and had been caught lying during his first months running Alameda, a crypto

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