Embed subject in FTX

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Aug 6th, 2022
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How to embed subject in FTX

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a huge class-action lawsuit was filed yesterday against a lot of the promoters of FTX I have not read the complaint nor have I talked to any of the defendants and so Iamp;#39;m making this video just reacting in real time I think this is an interesting case and weamp;#39;re going to react in real time to reading this lawsuit full disclosure I am friends with meet Kevin I am really good friends with graham Stefan and Andre dick jaspreet Singh Iamp;#39;ve never met Iamp;#39;ve never talked to Brian Young Jeremy Lafave I am friends with him Tom Nash is one of my closest friends on YouTube weamp;#39;ve both been friends since I think we were both under 5 000 subscribers Ben Armstrong is someone Iamp;#39;m not friends with thatamp;#39;s bitboy crypto Erica kohlberg Iamp;#39;ve been friends with her for a few years now we used to do Mastermind calls in 2020 before she blew up on Tick Tock and creators agency is the agency that gets my sponsorship deals and Iamp;#39;m friends with al

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At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
Last year, Ray testified to Congress that FTXs collapse was really old-fashioned embezzlement. This is just taking money from customers and using it for your own purposes. Justice department prosecutors echoed his statements in the immediate aftermath of Bankman-Frieds conviction.
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.
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.
The failed negotiations underscored the fact that FTX was never what it appeared to be, and that Bankman-Fried never built the underlying technology or administration necessary to run the company as a viable business, Dietderich said. Bankman-Fried has been convicted on fraud charges related to his operation of FTX.
Crypto experts have for months expected docHub recoveries in the FTX bankruptcy. Some opportunistic investors have bought bankruptcy claims from the exchanges customers for pennies on the dollar, hoping to profit when the payouts begin.
As a quantitative trading firm specializing in cryptocurrencies, Alamedas strategies included arbitrage, market making, yield farming, and trading volatility.

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