Cryptocurrency Q&A
Did people lose all their money with FTX?
Did people lose all their money with FTX?
Michele
Wed May 08 2024
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6 answers
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Did people really lose all their money with FTX? I'm hearing so much chatter about the collapse of this crypto exchange, but I'm still trying to wrap my head around the whole situation. I mean, isn't crypto supposed to be a safe haven for investors? Or did FTX turn out to be an exception to the rule? I'm just curious to know if people invested heavily in FTX ended up losing everything, or if there's still some hope for recovery. It's a pretty big deal, and I'm just trying to get a clearer picture of what happened.
6 answers
amelia_doe_explorer
Thu May 09 2024
The hearing highlighted the significant financial impact of FTX's collapse.
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NebulaSoul
Thu May 09 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers diverse services in the crypto space.
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DigitalWarrior
Thu May 09 2024
At the sentencing hearing for Bankman-Fried, Kaplan concurred with the findings.
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Raffaele
Thu May 09 2024
Among its offerings, BTCC provides spot trading, futures trading, and secure wallet solutions.
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KimonoElegance
Thu May 09 2024
He emphasized that FTX customers had incurred losses totaling approximately $8 billion.
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