Paste legend in FTX

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Aug 6th, 2022
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How to paste legend in FTX

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welcome to crypto bahamas iamp;#39;m leanna hawkins joined by udonis ud from the miami heat welcome thank you thank you thank you so i know youamp;#39;re an investor youamp;#39;re a crypto investor as well you are very involved in ftx here at the conference this week you just were on stage tell me about how you work with ftx and how you also got into crypto initially um you know for me i think itamp;#39;s been i donamp;#39;t want to say a sponsorship i say a relationship i think itamp;#39;s an amazing relationship with ftx um understanding what theyamp;#39;re about um understanding that they like to get down to the to the to the bottom root of a problem and and help those problems understanding that sam is very gracious um so you know for me being born and raised in miami i think the people that thatamp;#39;s at the bottom of the totem pole are very near and dear to my heart and important to me you know i was one of those people at one point so um with the partnership t

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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.
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.
Samuel Bankman-Fried, also known as SBF, 32, of Stanford, California, was sentenced today to 25 years in prison, three years of supervised release, and ordered to pay $11 billion in forfeiture for his orchestration of multiple fraudulent schemes.
What happened to FTX? 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 on Nov. 9, 2022.
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.
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.
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 founder Sam Bankman-Fried, left, arrives at a federal courthouse in Manhattan on Feb. 16, 2023. Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

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