OP 12 November, 2022 - 10:56 AM
The recent light brought to the wrong doings of Sam Bankman Fraud including but not limited to funding the Almeda Research Project without even putting it in the company's books. This has caused Binance to drop the idea of acquiring FTX and has forced out 14billion$ worth of withdrawals out of FTX out of which only 6 billion have been processed.
The new CEO John Ray III has been known to provide solid liquidity to companies during bankruptcy. Bankman Fried has resigned as CEO and it is currently unknown what he is doing or where he is.
Latest news says that Insiders of the company have laundered upwards of 380m$ and are on the run.
The question of the day is, if you use Regulated exchanges, first of all why would you do something so dumb, second of all if you still use it did you manage to get out or is your money gone?
I had about 8000$ in FTX just sitting there so that I can earn interest and I did get it back. What about you?
The new CEO John Ray III has been known to provide solid liquidity to companies during bankruptcy. Bankman Fried has resigned as CEO and it is currently unknown what he is doing or where he is.
Latest news says that Insiders of the company have laundered upwards of 380m$ and are on the run.
The question of the day is, if you use Regulated exchanges, first of all why would you do something so dumb, second of all if you still use it did you manage to get out or is your money gone?
I had about 8000$ in FTX just sitting there so that I can earn interest and I did get it back. What about you?
