Cryptocurrency Q&A
What was illegal about FTX?
What was illegal about FTX?
DigitalDynasty
Wed May 08 2024
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5 answers
1112
Could you elaborate on the illegalities surrounding FTX? I'm interested in understanding the specific aspects of their operations that violated legal regulations. Did they engage in fraudulent activities? Were there any issues with their financial reporting or accounting practices? Did they fail to comply with any securities or exchange regulations? I'm curious to know the details of these illegalities and how they impacted the cryptocurrency market and investors.
5 answers
IncheonBeautyBloom
Thu May 09 2024
Prosecutors are building a case that Bankman-Fried was the brains behind the illegal activities.
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mia_rose_painter
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers various services.
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BitcoinBaronGuard
Thu May 09 2024
Gary Wang, the co-founder of FTX, testified in a New York court on Friday.
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CryptoAlchemy
Thu May 09 2024
He revealed that Sam Bankman-Fried had authorized the unauthorized use of customers' funds.
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MoonlitCharm
Thu May 09 2024
These funds were used to fill financial voids in an affiliated hedge fund from the early stages of FTX's existence.
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