Strike out look in FTX

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Aug 6th, 2022
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How to strike out look in FTX

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welcome back to Fast Money More Fallout today in the wake of ftxamp;#39;s collapse crypto lender blocked by preparing to file for bankruptcy this ing to the Wall Street Journal blocked by acknowledged it has quote docHub exposure to FTX in a blog post yesterday months after receiving a bailout from the crypto exchange today at the CNBC technology executive Council I had a chance to sit down with former treasury secretary under President Trump Stephen mnuchin I asked him about the crypto landscape and his own dealings with FTX in particular FTX we looked at investing twice in past both times but you know I do think the underlying technology of blockchain has very interesting implications if you separate it from the issue of you know an asset class well I kept pressing him he talked a little bit more about his second encounter with the company I will tell you the second time we looked at it it was five times the valuation of the first time and uh you know we were a bit surprised at

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A strikeout is a statistic recorded for both pitchers and batters, and is usually denoted by the letter K, or sometimes by the initialism SO. A strikeout lookingin which the batter does not swing and the third strike is called by the umpiremay be denoted by an inverted K (i.e. ꓘ).
What is FTX? FTX was one of the largest digital currency exchange platforms for buying and selling cryptocurrencies. As more people invested in cryptocurrencies, they turned to these platforms because they provided a digital wallet to store cryptocurrencies directly in a personal account.
Many low-income people invested in the now-disgraced crypto exchange FTX. Thats because the exchange allegedly targeted poor and underbanked people and convinced them that FTX was just as safe as a regular bank.
FTX supported trading for popular cryptocurrencies, non-fungible s (NFTs), and spot, derivatives, and leveraged markets. Although FTX stock was never available for public trading, the exchange did issue a (FTT) that traded on cryptocurrency markets.
SBF cofounded Alameda Research, a crypto hedge fund named after his hometown, in late 2017. 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.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.

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