Vary certification in FTX

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Aug 6th, 2022
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How to vary certification in FTX

4.6 out of 5
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you know that famous quote by Warren Buffett that says only when the tide is out to discover whoamp;#39;s been swimming naked and I think that man was on something as FTX one of the largest cryptocurrency exchanges right now has fallen into Financial liquidity problems requiring Finance to bail them up by buying them out just cheeky because I do remember sambachman freed just the other day saying the assets were safe I guess he couldnamp;#39;t have been that safe and with the Fallen FTX this has resulted in a fall in the cryptocurrency market with Bitcoin going as low as 16.8k and just overall the lesson here is to practice risk management with your money or with your assets regardless of who you are even if youamp;#39;re a billionaire

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Much of the $5 billion-plus that FTX invested in tech companies was financed through misappropriated customer funds, ing to lawsuits filed against senior executives.
FTX focused on offering cryptocurrency derivatives, such as futures, options, and leveraged s, which allowed traders to bet on the price movements of cryptocurrencies with high leverage. These products were attractive and lucrative for traders who wanted to maximize their profits and exposure in the crypto market.
FTX Trading Ltd., commonly known as FTX (short for Futures Exchange), is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund.
FTX used aggressive marketing campaigns, such as Super Bowl ads, celebrity endorsements and naming rights to the Miami Heats arena. These marketing campaigns promised that people could put their money in these accounts and earn higher yields than the average bank.
John J. Ray III, Chief Executive Officer and Chief Restructuring Officer of FTX, said: We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors.
At Bankman-Frieds sentencing hearing, Kaplan agreed. He said FTXs customers had lost some $8bn and that its investors had lost $1.7bn.
FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion.

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