Rub out certificate in FTX

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Aug 6th, 2022
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Your simple way to rub out certificate in FTX

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How to rub out certificate in FTX

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you can argue that thereamp;#39;s no value in anything in crypto Iamp;#39;m totally amenable to that argument right Bitcoin is worthless possible maybe it has some intrinsic value I donamp;#39;t know but the difference is that you can show very easily that these s arenamp;#39;t worthless the number of people that agree bitcoins worth something it is a lot the distinction on this one specifically is thereamp;#39;s not a lot of people agreeing that thereamp;#39;s a market for this to be worth anything right not only that itamp;#39;s that none of the other participants in the market are docHub participants right like if one entity owns well over 80 percent and then another entity which is binance owns another like 10 itamp;#39;s almost entirely owned by them yeah that means that itamp;#39;s itamp;#39;s not realizable assets if you canamp;#39;t sell it again like itamp;#39;s kind of going back to like is the government a Ponzi scheme I mean maybe but if Iamp;#39;m going t

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Fallen Crypto King Sam Bankman-Fried gets 25 years for fraud. Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm.
Sam Bankman-Fried, the former billionaire who was found guilty of defrauding customers and investors of his cryptocurrency exchange FTX, was sentenced to 25 years in prison on Thursday by a federal judge, who ruled that Bankman-Fried committed perjury and attempted witness tampering.
Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX.
Federal prosecutors say Powell and Hernandez conspired to steal the phone number of an FTX employee on Nov. 11, 2022, the day the exchange filed for bankruptcy protection. Powell then transferred more than $400 million in crypto from FTX to accounts that he and others controlled, the indictment says.
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.
Former cryptocurrency billionaire Sam Bankman-Fried was sentenced Thursday to 25 years behind bars for his role in perpetrating one of the largest financial crimes in U.S. history.
The Bahamas-based company received hefty backing from well-known investment firms such as Sequoia Capital, SoftBank and others; it was valued at $32 billion in early 2022 before it imploded in November. Bankmans net worth, once estimated by Bloomberg to be as high as $26 billion, is now near zero.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion. FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors.

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