Cover up stuff in FTX

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

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FTX announced they were working on creating a stable coin November 2nd 2022 the balance sheet of FTX is leaked to coindesk a dcg controlled media arm November 9th CZ dumps ftt and the rest is history I would like to submit his evidence FTX getting brought down yes they were insolvent yes it was their fault more tied to this article than any article that youamp;#39;ve ever read stable coins this is where the banks plan to control crypto plan to control privacy make it where you canamp;#39;t spend your own money itamp;#39;s dangerous dangerous dangerous territory

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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.
FTX said in recent court filings that 98% of its customers will be able to receive full repayment within 60 days of a bankruptcy court approval of its wind-down plan. The faster payment option will cover all customers who are owed up to $50,000.
FTX: new technology, old-fashioned embezzlement At trial, the court heard from an accounting expert who said that $11.3bn in customer funds were supposed to be held at Alameda Research, FTXs hedge fund arm. Old-fashioned embezzlement: where did all of FTXs money go? | FTX theguardian.com business mar where-d theguardian.com business mar where-d
The government relied heavily on the testimony of three former members of Bankman-Frieds inner circle, his top executives including his former girlfriend, Caroline Ellison, to explain how Bankman-Fried used Alameda Research to siphon billions of dollars from customer accounts at FTX. FTX founder Sam-Bankman-Fried convicted of defrauding - PBS pbs.org newshour economy ftx-found pbs.org newshour economy ftx-found
Since its bankruptcy filing in 2022, FTXs new management has been able to recover $16 billion to pay back customers, and has said it plans to repay them in full. At a hearing Tuesday, the company will ask U.S. Bankruptcy Judge John Dorsey to sign off on open voting on the companys wind-down plan.
While some could recover as much as 142% of what they held, the vast majority are likely to receive 118%. The specific pay day is estimated to be months away. While the gains are unusual and impressive, the biggest winners in the FTX affair are those who trade bankruptcy claims.
Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion. Scores of investors and customers pulled their funds out of FTX, forcing the exchange to become insolvent and declare bankruptcy. The Collapse of FTX: What Went Wrong With the Crypto Exchange? investopedia.com what-went-wrong-with-f investopedia.com what-went-wrong-with-f

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