Cryptocurrency Q&A
How did money disappear from FTX?
How did money disappear from FTX?
DongdaemunTrendsetting
Tue May 07 2024
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8 answers
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I'm really puzzled. How did the money disappear from FTX? Was it a result of internal fraud, or was it due to some external hacking attack? Were there any red flags that were missed, or was the whole thing a well-orchestrated scheme? What kind of security measures were taken by FTX to prevent such a massive loss? And what does this mean for the future of cryptocurrency exchanges? I'm sure many people are worried about the safety of their investments. Could you please provide some clarity on this matter?
8 answers
Chloe_jackson_athlete
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services.
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Sara
Thu May 09 2024
The crypto exchange FTX collapsed last year.
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BonsaiBeauty
Thu May 09 2024
This occurred after executives misused billions in customer funds.
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SilenceSolitude
Thu May 09 2024
Massive sums were diverted towards personal loans.
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Eleonora
Thu May 09 2024
Significant investments were made in luxury real estate.
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