Faint suggestion in FTX smoothly

Aug 6th, 2022
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How to Faint suggestion in FTX

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the biggest collapse in crypto history is happening right now one of the largest cryptocurrency exchanging Platforms in the world FTX declared bankruptcy with its CEO Sam bankman freed stepping down amidst a trading Scandal exposing how he built a back door in the companys accounting software to move billions of customers money before customers withdrew over five billion dollars that FTX couldnt pay their Last Hope was for their rival binance to bail them out before binance decided to pull out of the deal after FDX was exposed for mishandling customers money rumors started going around that Sam fled the country and went to Argentina which he denied it got worse when the company lost 90 percent of its value got hacked and robbed out of 600 million dollars and scammers took advantage of the situation by impersonating FDX and offering compensation programs its so bad that the current CEO described the situation as being worse than Enron authorities are currently investigating potentia

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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.
The FTX user agreement says that its customers retain control of their assets, which may move customer claims further up the queue.
The collapse of the crypto exchange FTX seemed to materialize out of nowhere: Within one week in November, FTX transformed from one of the most respected and trusted parts of the crypto industry to a bankrupt disgrace that lost more than $8 billion of its customers money, ing to authorities.
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.
The FTX founder, now in prison in the Bahamas, faces criminal charges that he engaged in widespread fraud since founding the cryptocurrency exchange in 2019.
Bankman-Fried allegedly used billions of dollars of FTX customer funds for his personal use, to make investments and millions of dollars of political contributions to federal political candidates and committees, and to repay billions of dollars in loans owed by Alameda Research, a cryptocurrency hedge fund also founded
Is FTX Exchange Legit? Since 2019, FTX has been a legit crypto exchange platform. It is used by millions of users around the world.
Before the crash, FTX was valued at $32 billion. That money has now gone up the smoke. Out of all the investors, at least two major shareholders have decided to mark their investments down to zero. ing to Forbes, these are Sequoia and Paradigm.

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