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38 thoughts on “As a lot as $2 billion in FTX prospects’ funds has reportedly vanished”

  1. That’s what happens when you hand your money to a 20 something year old “financial genius” and his pals. He’s a nice guy cause he drives a Corolla and is very generous with other people’s money. The first time I saw a video of this baby nut sounding ass clown I knew something was off.

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  2. The sick mindset is that $2B to these guys is like $2K for us. He thinks it’s not a big deal when in fact that kinda bread can make a lot of upside down investments whole.

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  3. tldr; At least $1 billion in FTX customers’ funds have vanished from the collapsed crypto exchange, Reuters has reported, citing two people familiar with the matter. The exchange’s founder and former CEO Sam Bankman-Fried quietly transferred $10 billion of customer funds from FTX to its sister trading company Alameda Research, and now a big chunk of that total is missing, the report added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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  4. I’m pretty sure it’s alot more than that. They can’t even distinguish between company assets and user funds, but then they company don’t got any assets anyhow with a 9B hole in the balance sheet.

    That $2B is much much closer to the full $9B debt they have.

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  5. The scumbag used your money to give to the Democrat Party. Many politicians now have egg on their face so you can bet your ass the US government is going after him.

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  6. Nobody panic. I have the 2 billion. I’m just keeping it safe in my multi-sig cold wallet. I’ve temporarily given the wallet to Do Kwon for safe keeping. Once this whole mess blows over, I’ll start returning the 4 billion. Again, don’t panic. I’m not running. Everything is fine. The 12 billion is safe. Sorry for all the confusion. It was an honest mistake.

    Love,

    Sam

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  7. Sounds like he didn’t buy a lot of the crypto for his customers so the funds probably never existed in a ponzi scheme type of play

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