Tweak trace in FTX smoothly

Aug 6th, 2022
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How to Tweak trace in FTX

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I dont think I give a about my legacy thats not what matters in the end its the mark that we actually leave on the world not the Mark were perceived to leave on the world that matters in an industry known for Speed and scalability it seems fitting one of the worlds largest cryptocurrency exchanges imploded within days the rise and fall of FTX revealed holes in the crypto space that industry peers the media and government officials either chose to overlook or refuse to question beneath the promise of a decentralized financial future for the world stood a fragile ecosystem pioneered by Young ambitious Founders determined to move mountains under the guise of effective altruism a trendy philanthropy movement among Tech Founders ftxs Fallout wasnt the only concerning news out of the crypto industry in 2022 it follows the decimation of Luna coin and the Voyager scandal which leaves us wondering can the public and government legislators trust the crypto system [Music] it was writing a

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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.
Some $3.1 billion is owed to the companys top 50 creditors, ing to a bankruptcy filing from FTX last month. (Its unclear whether that $3.1 billion is part of the $8 billion or separate.) Newly-appointed CEO John Ray III says FTX could owe money to more than one million people and businesses.
FTX telegram group warned traders to uninstall FTX apps and avoid visiting the website as it may download malware and trojans to their devices.
About $323m was from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTXs CEO says. FTX co-founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX users to pay debts at his other firm, Alameda Research.
Bankman-Fried, FTX and Alameda had defrauded customers and other cryptocurrency investors by manipulating the prices of certain digital assets, front-running other traders on the FTX platform, and lying about the location and use of customer funds.
The auto-liquidation exemption written into FTX code allowed Alameda to continually increase its line of credit until it grew to tens of billions of dollars and effectively became limitless, the SEC complaint said. It was one of two ways that Mr Bankman-Fried diverted customer funds to Alameda.
The alleged crypto transfers from FTX to Alameda Research were explicitly forbidden under the cryptocurrencys exchanges terms of service.
The authorities claim that Mr. Bankman-Fried siphoned billions of dollars in customer funds from FTX and used the money to make political contributions, finance trading at Alameda and buy luxury real estate in the Bahamas, where FTX was based.

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