Cover up theme in FTX smoothly

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Aug 6th, 2022
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How to Cover up theme in FTX

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is that these two are useful idiots right they are just Pawns in a very large very elaborate system that was designed one to do money laundering and theres clear evidence of money laundering two uh that perhaps there was intent again this is a supposition not an accusation Im just trying to put the pieces together it is certainly possible that uh there was an intent by someone or someones to have this be an example set so that Regulators could come in and punish the industry the clamor for regulation as well as the crypto liquidity and contagion problems following the collapse of FTX suggests that its founder Sam banquin freed was likely a pawn and useful idiot according to Mark yusko CEO founder and chief investment officer at Morgan Creek Capital Management yesco pointed out how crypto and D5 pose a threat to traditional finance and how Bitcoin is a challenge to fiat currency and central banks he contends that the FTX a collapse and contagion which has adversely impacted Market l

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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.
What happened to FTX? 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.
Sam Bankman-Fried and Zixiao Gary Wang founded FTX in May 2019. FTX began within Alameda Research, a trading firm founded by Bankman-Fried, Caroline Ellison, and other former employees of Jane Street in 2017, in Berkeley, California. FTX is an abbreviation of Futures Exchange.
Of the billions of dollars in customer deposits that disappeared from FTX in a flash, $200 million was used to fund investments in two companies, ing to the Securities and Exchange Commission, which charged founder Sam Bankman-Fried with orchestrating a scheme to defraud equity investors.
Part of FTXs draw for investors was that it allowed riskier trades than other exchanges; it allowed people to make highly leveraged bets at least until 2021, when it reduced the amount of leverage it offered clients. Bankman-Fried was quickly branded as a brilliant disruptor in crypto.
FTX is a now bankrupt company that was one of the worlds largest cryptocurrency exchanges. It enabled customers to trade digital currencies for other digital currencies or traditional money; it also had a native cryptocurrency known as FTT.
How Did FTX Fail? FTX filed for bankruptcy on Nov. 11, 2022, after a surge of customer withdrawals earlier in the month. Then-CEO Bankman-Fried admitted that the company didnt have sufficient assets in reserve to meet customer demand.
FTX founder Sam Bankman-Fried on Thursday said the millions of customers who lost money from the collapse of his cryptocurrency exchange could get their money back.

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