Put in character in FTX

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Aug 6th, 2022
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How to put in character in FTX

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How to put in character in FTX

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Caroline Ellison just came out and admitted that she had no idea what she was doing watch this do you think that you have been able to pull this thing off without your mathematics degree or it has been the pillar of your trading activity absolutely could pull it off without my math degree thereamp;#39;s very little math when you start out itamp;#39;s like as I lose you know maybe a thousand dollars for your desk youamp;#39;re like oh God like everyoneamp;#39;s Gonna Hate Me Now like this is terrible and uh yeah over time you have to uh sort of yeah get comfortable with larger and larger swings of money um yeah trying to think of a good example of a trade where Iamp;#39;ve lost a ton of money um well I donamp;#39;t know I probably donamp;#39;t want to go into specifics too much with that

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Bankman-Fried was found to have stolen at least $8 billion from FTX customers. He was also ordered to pay $11 billion today.
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.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTXs accounts, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.
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.

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