Work in stain in FTX

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How to work in stain in FTX

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Iamp;#39;m gonna go after that money I want it back I have the resources to do it Iamp;#39;m very fortunate I have millions of followers Iamp;#39;m going to take them on the journey Iamp;#39;m going to get the money back thatamp;#39;s whatamp;#39;s going to happen and where the chips fall I have no idea whoamp;#39;s going to jail I have no idea who was fraudulent I have no idea but I will find out I can tell you that I donamp;#39;t care if it takes three four five six seven years doesnamp;#39;t matter to me you canamp;#39;t take my money and expect me to do nothing I go after it just as other institutions will do the same thing do you believe that SBF will at the end of this serve time for the mishandling and perhaps if proven the fraud as well thatamp;#39;s taken place I have no idea and if there was nefarious activity if he did break the law or anybody else in there broke the law theyamp;#39;ll face the full force of the law because thereamp;#39;s a lot of people that ar

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How was FTX supposed to work?

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.

How many people does FTX owe?

Once it finishes selling all of its assets, FTX will have as much as $16.3 billion in cash to distribute, ing to a company statement. It owes more than 2 million customers and other non-governmental creditors about $11 billion.

How many people lost money from FTX?

People who lost their money in FTX, once one of the biggest cryptocurrency exchanges in the world, are to be paid back, with interest. Billions were lost when the cryptocurrency exchange headed by convicted fraudster Sam Bankman Fried went bust in November 2022, with an estimated one million customers losing funds.

What happens to people who had money in FTX?

ICYMI: FTX, the crypto exchange that has become a byword for fraud and a black eye on the face of the entire digital asset industry, said that virtually all of the people who had money frozen on the platform will get their money back, plus interest. That is an extraordinary outcome.

Who were the biggest investors in FTX?

Major FTX shareholders included Dan Loebs Third Point, Paradigm, Sequoia Capital, Thoma Bravo, Softbank, New Enterprise Associates (NEA), Temasek, Tiger Global Management and Coinbase, a crypto exchange competitor to FTX.

How much money was involved in FTX?

Almost all customers of collapsed cryptocurrency exchange FTX will get their money back and more, ing to a court filing. FTX estimates that it owes creditors around $11.2 billion. FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors.

How much money did FTX steal?

NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkinds dramatic downfall.

How many people worked for FTX?

FTX Company typePrivate Revenue US$1.02 billion (2021) Operating income US$272 million (2021) Net income US$388 million (2021) Number of employees c. 300 (2022)8 more rows

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