Put in secret in FTX

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How to put in secret in FTX

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as many of you have heard FTX a cryptocurrency exchange company founded by Sam bankman freed or SBF as heamp;#39;s often referred to went bankrupt when essentially a run on the exchange exposed a major liquidity crisis now going bankrupt sucks and it oftentimes happens to good people or companies who just happen upon hard times or bad luck but that doesnamp;#39;t seem to be whatamp;#39;s happened with FTX the plot keeps getting thicker and seemingly more corrupt the more information we learn for example one to two billion dollars thatamp;#39;s billion with a B of customer funds are missing just poof vanished from the books with no record of where the money went another 10 billion dollars in customer funds were transferred to ftxamp;#39;s sister company Alameda research which was before it also went under a cryptocurrency trading firm also founded by SPF apparently SBF had a bespoke software system installed that allowed for him to make secret transactions without flagging

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Who lost money in FTX collapse?

Tom Brady is the most famous face to promote and invest in FTX and he also may have suffered the greatest individual loss. The Tampa Bay Buccaneers quarterback owned over 1.1 million common shares of FTX Trading, which equaled about $45 million before the company went bankrupt, ing to Bloomberg.

How much will FTX customers get back?

Customers and creditors that claim $50,000 or less will get about 118% of their claim, ing to the plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware. This covers about 98% of FTX customers.

What was FTX trying to do?

FTX supported trading for popular cryptocurrencies, non-fungible s (NFTs), and spot, derivatives, and leveraged markets. Although FTX stock was never available for public trading, the exchange did issue a (FTT) that traded on cryptocurrency markets.

Did they find all the FTX money?

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.

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 FTX caught doing?

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.

What celebrities lost money in FTX scandal?

Heres a look at some of the famous faces who lost big in the FTX crypto collapse. Tom Brady. Tom Brady is the most famous face to promote and invest in FTX and he also may have suffered the greatest individual loss. Gisele Bndchen. Kevin OLeary. Robert Kraft. Robert Belfer. Anthony Scaramucci. Stephen Curry. Naomi Osaka.

What did FTX do that was wrong?

On Nov. 8, FTX blocked customers from taking money out of the platform by removing that option online, which meant hundreds of thousands of customers did not have access to their money. When FTX could not pay the $8 billion gap, the company filed for bankruptcy.

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