Strike dot in FTX

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As soon as you're in, click New Document and import it from your device, external URL, or cloud.
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Save changes. Click Download/Export to save your altered file on your device or to the cloud.
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How to strike dot in FTX

4.6 out of 5

65 votes

how do we bring more light to people like the dev he kind of warned us about SPF and what FTX were doing and kind of saved quite a few people I think many people have tried to warn their issues here and there way before things happened um you know thereamp;#39;s multiple gooder kols news articles Etc itamp;#39;s impossible to say conclusively there were problems I think itamp;#39;s going to take many months for uh for people to figure that out even me um I didnamp;#39;t know they were that insolvent until Sam called me these things like we can suspect from outside itamp;#39;s kind of hard to know for sure unless you have full access to the data all the internal workings Etc

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What exactly happened at FTX?

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.

How much money was wiped out with FTX?

The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTXs accounts, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.

How much money did the FTX collapse?

FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.

How much money did FTX steal?

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.

How much of FTX money is missing?

At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

Did FTX customers get their money back?

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.

What happens if FTX goes under?

In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX created a wave of bankruptcies throughout the industry. In 2023, BlockFi, Genesis, and 3AC (a hedge fund), all of whom had money in or loaned to FTX, failed.

How much money was stolen from FTX?

Bankman-Fried was found to have stolen at least $8 billion from FTX customers. He was also ordered to pay $11 billion today.

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