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How to modify secret in FTX

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the headlines following the collapse of FTX and Alameda research have been turning heads for months but thereamp;#39;s one very important story that seems to have been memory hold by the media this is the Revelation that FTX had invested in a small U.S bank with peculiar connections to tether now this is docHub because as Iamp;#39;ve said many times before Alameda was the largest recipient of all the usdt Ever minted by tether so today Iamp;#39;m going to summarize one of the craziest articles so far about FTX and Alameda research and tell you why it suggests that SBF was secretly doing the bidding of some truly powerful people Oh Hey so uh look I I just want to say um I know a lot of people have like a lot of questions right now about what happened and you know um look my main motivation in all of this was totally focused on being able to make you know enough money to be able to devote eventually um all of my time to playing League of Legends like that has been my goal all alo

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What is the mistake of FTX?

FTX founder Sam Bankman-Fried testified Friday that his largest mistake was not having a dedicated risk management team and a chief risk manager at FTX. The result was no oversight for the bankrupt crypto exchange.

What happened with FTX crypto scandal?

The FTX scandal was allowed to happen because its young and charismatic founder exploited the flashy new cryptocurrency industry to mask what was essentially old-fashioned embezzlement, in which he stole billions of dollars from investors.

What happened to all the money in FTX?

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.

What was the reason for FTX crash?

ing to the agencies, Bankman-Fried and top executives lied about FTXs financial health to investors, customers, and lenders and hid a billion-dollar hole in its balance sheet with financial statements, inflated valuations of speculative s like FTXs FTT exchange coin, and cryptocurrencies borrowed from

What happens to my FTX coins?

FTX now says that 98% of its creditors, including individual investors who had US$50,000 or less with FTX, will receive the funds they lost. Payments will be made in cash within 60 days of a reorganisation plan going into effect. However, this plan still needs to be approved by a US bankruptcy court and by creditors.

What are the ethical failures of FTX?

Some of the failures at FTX include unreliable financial statements, mishandling of confidential data, diversion of corporate funds to purchase homes for employees, poor recordkeeping, and a lack of centralized control of company cash.

Will the FTX recover?

The FTX has constantly failed to regain momentum, resulting in the altcoin recording a YTD of -56.11% in valuation. Furthermore, the Simple Moving Average (SMA) displays a bearish convergence in the chart, suggesting the price will continue losing value in the coming time.

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