Slide city in FTX smoothly

Aug 6th, 2022
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How to Slide city in FTX

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the headlines following the collapse of FTX and Alameda research have been turning heads for months but theres one very important story that seems to have been memory hold by the media this is the Revelation that FTX had invested in a small U.S bank with peculiar connections to tether now this is docHub because as Ive said many times before Alameda was the largest recipient of all the usdt Ever minted by tether so today Im going to summarize one of the craziest articles so far about FTX and Alameda research and tell you why it suggests that SBF was secretly doing the bidding of some truly powerful people Oh Hey so uh look I I just want to say um I know a lot of people have like a lot of questions right now about what happened and you know um look my main motivation in all of this was totally focused on being able to make you know enough money to be able to devote eventually um all of my time to playing League of Legends like that has been my goal all along uh yeah to to docHub

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What is FTX? FTX stands for Futures Exchange. Cryptocurrency is money that is transacted in digital form. It is supposed to have safeties on it that prevent it from being traded multiple times, track it, and protect it from duplication or hacking.
It is unclear how much Brady and Bundchen paid for their stakes, but they may have lost up to $70 million. At a Dec. 14 hearing by the U.S. Senate Banking Committee into the failures of FTX, Shark Tank investor Kevin OLeary estimated his 32,000 shares to be worth $1 million before the collapse.
Brady is arguably FTXs most famous endorser, appearing in ads with his then-wife, supermodel Gisele Bundchen, and investing in the company. His Twitter profile featuring a headshot with gleaming eyes was a signal of crypto enthusiasm.
SBF then created his own crypto exchange, FTX, in 2019 based on the success of Alameda. The exchange grew fast with high-profile acquisitions, a hefty marketing budget, and promises of high returns. Users were told that they could earn much higher yields with FTX than with other traditional banks.
He made his riches through cryptocurrency arbitrage buying coins for a lower price on one crypto exchange, then quickly selling them for a higher price on a different exchange. He convinced a few fellow effective altruist friends to help in this arbitrage model and founded his trading firm, Alameda Research.
FTX filed for bankruptcy on Nov. 11, 2022, after a surge of customer withdrawals earlier in the month. Then-CEO Bankman-Fried admitted that the company didnt have sufficient assets in reserve to meet customer demand.
Sam Bankman-Fried and Zixiao Gary Wang founded FTX in May 2019. FTX began within Alameda Research, a trading firm founded by Bankman-Fried, Caroline Ellison, and other former employees of Jane Street in 2017, in Berkeley, California. FTX is an abbreviation of Futures Exchange.
The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas. He will live with his parents in California.
A lawyer for Mr Wang said his client had accepted responsibility for his actions and took seriously his obligations as a co-operating witness. Samuel Bankman-Fried is now in FBI custody and is on his way back to the United States, Mr Williams said.
ing to reporting from the New York Post and Forbes that analyzed court documents, Brady owned 1.1 million shares of FTX valued at roughly $45 million, while Bndchen owned 686,000 shares valued at about $25 million.

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