Cover up trait in FTX

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

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FTX accused of counterfeiting coins on their exchange to Market manipulate signed a deal with Alameda they were going to come on as partners with you guys havenamp;#39;t paid for the essence they actually learned the assets and utilized yes because they utilize your assets to make money and then before they have to give you your asset back they ensure that your Market crashes so they can give your asset backs on a much cheaper price we agreed to give them over 60 million dollars in illiquid assets all of a sudden we find new coins at one cent we contact liquid so guys whatamp;#39;s going on how is it possible that new coins at one cent you know itamp;#39;s been 35 and 38 cents message after message they tell us so itamp;#39;s not us itamp;#39;s the market maker we go to John John tells us oh yeah weamp;#39;re fixing it weamp;#39;re fixing it doesnamp;#39;t tell us heamp;#39;s the one bumping it everyoneamp;#39;s in a panic but sudden we partner off with Alameda research these

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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.
FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion. 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
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion.
How is FTX able to repay its customers? FTX is repaying its customers through the liquidation of its assets, which have appreciated docHubly in value, and through the positive effects of a bullish cryptocurrency market. 3.
FTX has been able to monetise an extraordinarily diverse collection of assets, most of which were investments made by FTX or its investment company Alameda Research, it said. The vast majority of creditors - 98% - will get 118% of the amount due and receive it within 60 days of FTXs proposed plan coming into effect.
Andrew Scurria: What FTX is projecting is that most customers, 98%, which are the retail customers, individual traders, they will get back what they had invested as of the day FTX filed for bankruptcy plus interest to compensate them for the time value of their money, the little less than two years that their crypto How FTX Found Billions to Repay Customers - WSJ Podcasts wsj.com podcasts the-journal how-ftx- wsj.com podcasts the-journal how-ftx-
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

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