Slide personal information in FTX

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How to Slide personal information 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 did FTX do wrong?

How did FTX fail? FTX filed for bankruptcy on Nov. 11, 2022, after a surge of customer withdrawals earlier in the month. Then-CEO Sam Bankman-Fried admitted that the company didnt have sufficient assets in reserve to meet customer demand.

Did FTX get ?

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.

What really happened at FTX?

In just a few days, the cryptocurrency exchange went from a company with a peak valuation of $32 billion to filing for bankruptcy. The liquidity crunch had customers demanding withdrawals, and Binance abandoned the non-binding acquisition agreement they had with FTX.

Who lost the most money in FTX?

CharacteristicNet worth loss in billion U.S. dollarsSam Bankman-Fried (FTX)23Brian Armstrong (Coinbase)4.7Gary Wang (FTX)1.7Chris Larsen (Ripple)1.31 more row Jan 12, 2023

Has FTX collapsed?

Billions of dollars worth of cryptocurrencies began to flow out of FTX in a matter of days. A potential rescue deal with ChangPeng Zhaos Binance fell apart Nov. 8, and FTX and Alameda both declared bankruptcy Nov. 11.

What went wrong with FTX?

What happened to FTX? FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low as of Nov. 9.

How much did FTX lose?

Zhao said he would sell his $580 million worth of FTT s. This caused the price of FTT to fall by over 80% and within a few days, worried investors withdrew $5 billion of their funds from the platform. This led to a classic bank run, leaving FTX with an $8 billion liquidity shortfall.

Is FTX beginner friendly?

Not beginner friendly FTX.US is better for intermediate and advanced traders. Its not difficult to use, but there is a learning curve to it for those who are new to investing in cryptocurrency.

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