Rub out pattern in FTX

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Aug 6th, 2022
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How to rub out pattern in FTX

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all right so needless to say this past year has been really tough for the crypto market right which morphed in I mean it more from this amazing place of unlimited potential economic freedom into sort of a wild wild west right itamp;#39;s not bad itamp;#39;s run amok by bad guys I mean just think over the last few years you had these major players emerge right this Chang ping Zhao known as CZ he started binance in 2017 and then a couple years later Sam bankman freed he founded FTX uh by the way uh CZ invested in FTX but binance which is czamp;#39;s company became number one FTX was number two there was always some friction there but when CZ tweeted out that he was selling some ftt s which by the way were the main assets on FTX the whole thing began to implode apparently FTX went from a net worth of 32 billion dollars to essentially nothing in the last 48 hours by the way this is just the latest episode in the long Saga to make decentralized finance a reality

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As a quantitative trading firm specializing in cryptocurrencies, Alamedas strategies included arbitrage, market making, yield farming, and trading volatility.
(FuTures EXchange) A now-defunct cryptocurrency exchange headquartered in The Bahamas.
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.
FTX Trading Ltd., commonly known as FTX (short for Futures Exchange), is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund.
FTX margin trading lets you buy and sell FTT using funds that could exceed the balance of your account. Unlike futures and derivatives trading, spot FTX margin trading involves buying or selling the actual underlying assets, rather than financial contracts.
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.
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.
The FTX Digital liquidation is the Court-mandated process for the orderly liquidation of the FTX Digital operation and legal entity business in the Bahamas. I am a customer of FTX International and I logged on to the FTX.com platform to deposit fiat or cryptocurrency and trade on the exchange.

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