Take out street in FTX

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How to take out street in FTX

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if that did mean that like essentially a suit for Trends by Americaamp;#39;s targeting American retail had to be licensed um I think that could be reasonable if the question was letamp;#39;s letamp;#39;s acknowledge that the email protocol will be permissionless as a protocol yep but it was the law of the land in America that every email front-end provider required kyc from its users yeah because under the justification that we do not want people sending information back and forth to terrorists yep where would you stand on that position oh Iamp;#39;d be strongly against that position I think itamp;#39;d be I think why why would I be against it because I think that it I think itamp;#39;d be like against freedom of speech I think itamp;#39;d be disenfranchising a lot of people I think they would not trust and practice that it would do a good job so I agree with you on all that um I make any distinction here between for instance payments versus like derivatives contracts why why is

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What actually happened with 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.

What happened to FTX missing money?

FTX now says that 98% of its creditors, including individual investors who had US$50,000 or less with FTX, will receive the funds they lost. Payments will be made in cash within 60 days of a reorganisation plan going into effect. However, this plan still needs to be approved by a US bankruptcy court and by creditors.

Who lost the most money at FTX?

Tom Brady is the most famous face to promote and invest in FTX and he also may have suffered the greatest individual loss. The Tampa Bay Buccaneers quarterback owned over 1.1 million common shares of FTX Trading, which equaled about $45 million before the company went bankrupt, ing to Bloomberg.

What happened with FTX in simple terms?

On Nov. 8, FTX blocked customers from taking money out of the platform by removing that option online, which meant hundreds of thousands of customers did not have access to their money. When FTX could not pay the $8 billion gap, the company filed for bankruptcy.

What actually happened at FTX collapse?

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 on Nov. 9, 2022.

Did people actually lose money with FTX?

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

Will people get their money back from FTX?

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 happened to all the FTX money?

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.

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