Slide fact in FTX smoothly

Aug 6th, 2022
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How to slide fact in FTX with top efficiency

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How to Slide fact in FTX

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what are the biggest and the most insane crimes and Scandals of the FTX meltdown well the rabbit hole goes very deep and the more I learn the more I feel like this in the words of the guy overseeing the bankruptcy proceedings never in my career have I seen such a complete failure and this is by the same guy who handled the Enron bankruptcy so you know its damn bad so lets dive into this deep and dark world of FTX first FTX top brass embezzled staggering sums of money customer money your money into their own pockets for SPF it was about a billion dollars a guy named nishad Singh member of sbfs inner circle got half a billion bucks which is just an extension of one of their biggest crimes using their customer funds as if they were their own using them to take out loans to take risks to trade and of course inevitably losing that damn money FTX co-founder Gary Wang actually created a back door that let them secretly and illegally move customer funds over to Alameda The Venture arm of F

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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.
FTX claims it has recovered $1 billion in assetsa fraction of the $8 billion or more missing. Some $3.1 billion is owed to the companys top 50 creditors, ing to a bankruptcy filing from FTX last month.
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.
Collapsed cryptocurrency exchange FTX says that around $415m (338m) of crypto has been stolen by hackers. About $323m was from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTXs CEO says.
The hacker who stole approximately $477 million worth of s from FTX, the Bahamas-based cryptocurrency exchange that collapsed earlier this month, sent 180,000 ether (ETH) coins, worth nearly $200 million to at least a dozen digital wallets Monday morning.
Bankman-Fried has done a handful of media interviews since FTX collapsed in mid-November, but Wednesdays was his first video interview since it filed for bankruptcy protection on Nov. 11. I didnt ever want to commit fraud on anyone. I was shocked at what happened this month, Bankman-Fried said.
FTX, a major cryptocurrency exchange, and FTX.US, its U.S. branch, filed for Chapter 11 bankruptcy on Nov. 11, 2022. Former founder and CEO Sam Bankman-Fried was arrested on Dec.
But if youre a U.S. investor, Coinbase has over five times the number of cryptos as FTX.US. However, all three options let you invest in major cryptos like: Bitcoin. Chainlink.
If you value security and transparency the most, then FTX.US is the way to go. Thats not to say Binance.US is a risky place to buy crypto, just that FTX.US does better in those areas. Its also a great choice if you want to use one platform for multiple types of investments, since it also offers stocks.
In November 2022, FTX announced a liquidity crisis and a high probability of collapse. FTX and FTX.US filed for bankruptcy on Nov. 11 amid liquidity concerns and allegations regarding misuse of customer funds. We cant recommend using FTX at this time.

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