1. Allegations of insider buying and selling by FTX workers.
2. Accusations that FTX has been manipulating the crypto markets.
3. Experiences of FTX participating in wash buying and selling to artificially inflate volumes.
4. Claims that FTX is refusing to course of buyer withdrawals.
5. Options that FTX is operating a Ponzi scheme.
supply: [serviceAI.tech](https://serviceAI.tech). ServiceAI wrote the above textual content, and in addition researched the 50 web page chapter submitting. It factors to repeated allegations of FTX wash buying and selling and refusing withdrawals
Submitting PDF [https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf](https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf)
The chapter filings Deep assessment
FTX Buying and selling Ltd. and its affiliated corporations have been accused of participating in unlawful actions involving cryptocurrency equivalent to market manipulation, fraud, and cash laundering. They have been additionally accused of violating CFTC laws by buying and selling off-exchange merchandise with out registering as a futures fee service provider, and of working an unregistered securities enterprise. Moreover, they have been accused of failing to take cheap steps to stop and detect fraud and cash laundering.Reply :The highest main issues that FTX did with Alameda that have been so egregious and unlawful, and knowingly included the focus of management within the palms of a really small group of inexperienced, unsophisticated and probably compromised people, the implementation of insufficient accounting, audit, money administration, cybersecurity, human sources, danger administration, information safety and different programs, the placement and safety of property of the property which was lacking or stolen, the pending, complete, clear and deliberate investigation into claims towards the co-founders and third events, the cooperation and coordination with insolvency proceedings of subsidiary corporations in different jurisdictions, and the maximization of worth for all stakeholders.The FTX Group has been accused of a wide range of unlawful and unethical actions, together with misusing buyer funds, failing to register their operations with the suitable regulatory authorities, and manipulating the markets to learn their very own pursuits. Moreover, FTX has been accused of participating in fraudulent buying and selling and market manipulation, together with wash buying and selling, spoofing, and entrance operating. Moreover, FTX has been accused of failing to guard buyer information and interesting in insider buying and selling. Lastly, FTX has been accused of failing to correctly disclose materials info to traders, together with potential conflicts of curiosity.Reply :The FTX Group engaged in a variety of actions that have been deemed unlawful and knowingly egregious, together with the manipulation of costs on FTX US, the usage of buyer funds for unauthorized buying and selling actions, and the misappropriation of buyer funds. Moreover, FTX engaged in misleading commerce practices, together with wash buying and selling, front-running, spoofing, and deceptive promoting. The FTX Group additionally did not implement satisfactory buyer safety measures and to adjust to securities legal guidelines and laws.Reply :Ftx and Alameda allegedly carried out transactions that violated U.S. securities legal guidelines, together with failing to register as a broker-dealer and offering unregistered securities to U.S. traders. Moreover, they allegedly engaged in manipulative and misleading conduct in reference to the buying and selling of digital property on the FTX platform. Moreover, they allegedly made false statements and omissions to traders, together with omitting materials info associated to their buying and selling actions.Reply:Alameda was accused of quite a few fraudulent and unlawful actions involving FTX, together with: making false or deceptive statements to prospects, overstating the worth of FTX’s crypto property, participating in insider buying and selling, failing to reveal materials info to prospects, and manipulating the market. Moreover, Alameda was charged with misappropriating buyer funds, working an unregistered buying and selling platform, failing to correctly safeguard buyer property, and failing to adjust to anti-money laundering legal guidelines.The FTX US platform was utilized by the Alameda Silo to facilitate the conduct of unlawful actions, equivalent to wash buying and selling, spoofing, and different manipulative practices. The Alameda Silo additionally engaged in different actions, equivalent to working a darkish pool, in violation of relevant laws. Moreover, the Alameda Silo made false and deceptive statements in its advertising and marketing supplies and experiences to traders, in addition to in its interactions with prospects. All of those actions have been knowingly and deliberately carried out by the Alameda Silo in an effort to falsely improve its buying and selling quantity, manipulate the market, and deceive prospects.Reply: FTX engaged in fraudulent and unlawful actions with the Alameda Silo, inc
9 thoughts on “FTX points from 2021, sound loads like the problems in 2022”
got this info from serviceAI.tech
search : top 2021 FTX issue. I feel like insiders outside of SBF’s circle absolutely knew about this, and refused to speak out
The scamming and corruption has been going on a long time before the collapse of FTX
The dirty corrupted mask had to fall eventually
Now do USDT post collapse
FTX has just been an issue for crypto. Through and through.
I’m reading through the bankruptcy filings
So I read through the bankruptcy filings using Deep Learning (ServiceAI) really fast this is what I got
FTX Trading Ltd. and its affiliated companies were accused of engaging in illegal activities involving cryptocurrency such as market manipulation, fraud, and money laundering. They were also accused of violating CFTC regulations by trading off-exchange products without registering as a futures commission merchant, and of operating an unregistered securities business. Furthermore, they were accused of failing to take reasonable steps to prevent and detect fraud and money laundering.Answer :
The top major things that FTX did with Alameda that were so egregious and illegal, and knowingly included the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, the implementation of inadequate accounting, audit, cash management, cybersecurity, human resources, risk management, data protection and other systems, the location and security of property of the estate which was missing or stolen, the pending, comprehensive, transparent and deliberate investigation into claims against the co-founders and third parties, the cooperation and coordination with insolvency proceedings of subsidiary companies in other jurisdictions, and the maximization of value for all stakeholders.
The FTX Group has been accused of a variety of illegal and unethical activities, including misusing customer funds, failing to register their operations with the appropriate regulatory authorities, and manipulating the markets to benefit their own interests. Additionally, FTX has been accused of engaging in fraudulent trading and market manipulation, including wash trading, spoofing, and front running. Furthermore, FTX has been accused of failing to protect customer data and engaging in insider trading. Lastly, FTX has been accused of failing to properly disclose material information to investors, including potential conflicts of interest.Answer :
The FTX Group engaged in a number of activities that were deemed illegal and knowingly egregious, including the manipulation of prices on FTX US, the use of customer funds for unauthorized trading activities, and the misappropriation of customer funds. Additionally, FTX engaged in deceptive trade practices, including wash trading, front-running, spoofing, and misleading advertising. The FTX Group also failed to implement adequate customer protection measures and to comply with securities laws and regulations.Answer :
Ftx and Alameda allegedly conducted transactions that violated U.S. securities laws, including failing to register as a broker-dealer and providing unregistered securities to U.S. investors. Additionally, they allegedly engaged in manipulative and deceptive conduct in connection with the trading of digital assets on the FTX platform. Furthermore, they allegedly made false statements and omissions to investors, including omitting material information related to their trading activities.
Alameda was accused of numerous fraudulent and illegal activities involving FTX, including: making false or misleading statements to customers, overstating the value of FTX’s crypto assets, engaging in insider trading, failing to disclose material information to customers, and manipulating the market. Additionally, Alameda was charged with misappropriating customer funds, operating an unregistered trading platform, failing to properly safeguard customer assets, and failing to comply with anti-money laundering laws.
The FTX US platform was used by the Alameda Silo to facilitate the conduct of illegal activities, such as wash trading, spoofing, and other manipulative practices. The Alameda Silo also engaged in other activities, such as operating a dark pool, in violation of applicable regulations. Furthermore, the Alameda Silo made false and misleading statements in its marketing materials and reports to investors, as well as in its interactions with customers. All of these activities were knowingly and intentionally conducted by the Alameda Silo in an effort to falsely increase its trading volume, manipulate the market, and deceive customers.Answer: FTX engaged in fraudulent and illegal activities with the Alameda Silo, inc
Again that mentioning of wash trading, it’s like no one cared until the Binance sold