Link substance in FTX

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How to Link substance in FTX

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- [Narrator] Over $150 billion. In three days, thats how much the worlds 15 largest cryptocurrencies lost in market value. Its because of the Crypto Exchange platform FTX, which is behind this , named FTT. On November 6th, the s value began to fall, losing more than 80% of its worth in the span of 72 hours. Once seen as a survivor in a struggling market, the fall of FTX has sent shockwaves through the cryptocurrency industry. So, what went wrong? FTX is the brainchild of Sam Bankman-Fried. Hes commonly known as SBF on social media. Hes been previously hailed as a savior of the crypto industry. - You were called the JP Morgan of crypto. - [Sam] Yep. - Does that bother you or not? - It doesnt bother me too much. - [Narrator] Bankman-Fried founded the quantitative trading firm Alameda Research in 2017. Two years later, he started FTX, an exchange platform for buying or selling cryptocurrencies. Right now, hes the majority owner of both firms. - That kinda aroused some skepticism a

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What coins are connected to FTX?

What Coins Are Supported on FTX? The platform supports 300+ cryptocurrencies, among them BTC, ETH, SOL, LTC, XRP, DOGE.

Is Solana link to FTX?

While Solana has no direct relation to FTX, and had limited exposure to the failed exchange, its association with Bankman-Fried has been a drag.

Who did Sam Bankman steal from?

The authorities claim that Mr. Bankman-Fried siphoned billions of dollars in customer deposits from FTX and used the funds to purchase luxury real estate, invest in other companies, make political contributions and fund cryptocurrency trading at Alameda Research, the hedge fund he also owned.

Who was Sam Bankman-Fried sleeping with?

ing to former employees of FTX and Alameda, Bankman-Fried was romantically involved with co-worker Caroline Ellison, the CEO at Alameda Research. Bankman-Fried plays League of Legends, and allegedly played the game while on a call attempting to secure an investment from Sequoia Capital.

Is FTX founder in jail?

Bankman-Fried was arrested in the Bahamas in December and was brought to the United States soon afterward. FTX filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run. He is free on a $250 million (236 million) personal recognisance bond.

Who is FTX CEO ex girlfriend?

Caroline Ellison, 28, the ex-girlfriend of Bankman-Fried and chief executive of his personal cryptocurrency hedge fund, and Gary Wang, 29, FTXs former chief technology, are both cooperating with the investigation. Ellison was joint chief executive of Alameda Research.

Who were the people living with Sam Bankman-Fried?

The two associates Caroline Ellison, the former chief executive of Alameda Research, Bankman-Frieds hedge fund, and Gary Wang, co-founder of FTX and its former chief technology officer are cooperating with federal prosecutors, a development that spells deepening legal peril for Bankman-Fried.

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Link substance in FTX smoothly