Vary flag in FTX

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Aug 6th, 2022
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How to vary flag in FTX

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all right countries if you had to defend yourselves from another country what would you do defending from other countries bro i should be more worried about my own population starting a civil war okay but if you had to defend yourself from another country what would you use i donamp;#39;t know something small like a nuclear weapon what i mean i would just throw like empty beer bottles or something okay i mean if we were invaded we would just let mother nature run its course and flood ourselves if we were invaded and had to defend ourselves i think you guys know the answer to that oh yeah thatamp;#39;s one thing i know for sure oh by the way let me change your flag real quick really bro

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Some of the failures at FTX include unreliable financial statements, mishandling of confidential data, diversion of corporate funds to purchase homes for employees, poor recordkeeping, and a lack of centralized control of company cash.
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.
FTXs governance failures were classic, and touched on each of these pillars: its complex and opaque business model obscured conflicts of interest, safe custody of customer funds was not assured, audit and controls were deficient, and more (see Table 1).
FTX founder Sam Bankman-Fried testified Friday that his largest mistake was not having a dedicated risk management team and a chief risk manager at FTX. The result was no oversight for the bankrupt crypto exchange.
ing to the agencies, Bankman-Fried and top executives lied about FTXs financial health to investors, customers, and lenders and hid a billion-dollar hole in its balance sheet with financial statements, inflated valuations of speculative s like FTXs FTT exchange coin, and cryptocurrencies borrowed from
The FTX scandal was allowed to happen because its young and charismatic founder exploited the flashy new cryptocurrency industry to mask what was essentially old-fashioned embezzlement, in which he stole billions of dollars from investors.
Wanting to hold customers money. Bucknam believes it was a major red flag that FTX encouraged customers -- and even, reportedly, FTX employees -- to keep their money on the exchange.

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