{"id":12311,"date":"2022-12-14T15:34:06","date_gmt":"2022-12-14T12:34:06","guid":{"rendered":"https:\/\/alfacash.blog\/?p=12311"},"modified":"2024-02-19T21:50:04","modified_gmt":"2024-02-19T18:50:04","slug":"ftx-exchange-crash-story","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/ar\/2022\/12\/14\/ftx-exchange-crash-story\/","title":{"rendered":"\u0627\u0646\u0647\u064a\u0627\u0631 \u0628\u0648\u0631\u0635\u0629 FTX: \u0645\u0646 \u0627\u0644\u0633\u0645\u0627\u0621 \u0625\u0644\u0649 \u0627\u0644\u0639\u0627\u0644\u0645 \u0627\u0644\u0633\u0641\u0644\u064a"},"content":{"rendered":"

After the FTX exchange crash, all the crypto market suffered. Today, let’s review what happened to one of the most important exchanges in the crypto industry and the fateful story of FTX.<\/p>\n\n\n\n

In less than a week, FTX went from being the world’s third-largest bitcoin (BTC) exchange to filing for bankruptcy. Thus, \u0634\u0647\u0631 \u0646\u0648\u0641\u0645\u0628\u0631<\/a> was marked by the crash of the FTX exchange, when BTC fell from $21,000 <\/strong>(November 5) to $15,800 <\/strong>(November 12) [CoinMarketCap].<\/p>\n\n\n\n

\"bankrupt-FTX-story\"<\/figure><\/div>\n\n\n\n

Now its founder Sam Bankman-Fried (SBF), is in custody by the Bahamian authorities and faces fraud and \u063a\u0633\u064a\u0644 \u0623\u0645\u0648\u0627\u0644<\/a> charges.<\/p>\n\n\n\n

The beginnings of FTX and SBF<\/strong><\/h2>\n\n\n\n

Sam Bankman-Fried is the founder of FTX and a significant person in the crypto world. His fortune<\/a> exceeded $14 billion.<\/p>\n\n\n\n

SBF studied physics at MIT and showed an interest in business and financial markets from an early age. In 2017 he founded Alameda Research, originally dedicated to investing in crypto arbitrage<\/a><\/strong>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"market-trading\"<\/figure><\/div>\n\n\n\n

SBF created the FTX exchange in 2019 in the United States. In its beginnings, it was a small company that, due to local \u0627\u0644\u0644\u0648\u0627\u0626\u062d<\/a>, changed its headquarters from the North American country to Hong Kong and finally settled permanently in the Bahamas.<\/p>\n\n\n\n

FTX’s growth was rapid, so the company opened offices worldwide<\/strong>. Thus, Alameda research became the investment arm of FTX and handled daily trading volumes of $14 million.<\/p>\n\n\n\n

The FTX exchange did a lot of publicity around the world before the crash. FTX got the stadium of the NBA team (Miami Heat) to change its name to FTX Arena in 2021.<\/p>\n\n\n\n

The shady movements of the FTX exchange before the crash<\/strong><\/h2>\n\n\n\n

The FTX’s headlong success was not solely due to good publicity moves. SBF became involved in US politics and made a series of donations to Democratic and Republican politicians, furthering the expansion of the exchange. SBF contributed<\/a> more than $70 million to election campaigns in less than 18 months.<\/p>\n\n\n\n

After the FTX exchange crash, the media accused the United States Securities and Exchange Commission (SEC) chairman of helping Sam Bankman-Fried create a regulatory monopoly that would hurt the industry.<\/p>\n\n\n\n

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Interesting. @GaryGensler<\/a> runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this. https:\/\/t.co\/SznowgcP6V<\/a><\/p>— Tom Emmer (@RepTomEmmer) November 10, 2022<\/a><\/blockquote>