CryptoBriefing - FTX Fraud: Who Are Sam Bankman-Fried's Biggest Victims?

in #blockchain • last year

https://cryptobriefing.com/ftx-fraud-who-are-sam-bankman-frieds-biggest-victims/
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FTX customer funds were secretly used by former CEO Sam Bankman-Fried to bail out Alameda Research, resulting in an estimated $10 billion in losses.

As of July 2021, more than 60 investors, including virtual currency giants such as Coinbase Ventures, Sequoia Capital, and Paradigm, had invested $900 million in the exchange and are now suffering losses.

However, it was ultimately ordinary customers who suffered the most from the FTX collapse.

Be careful when investing in cryptocurrency!!

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#horror #fraud #ftx #victims #customer #fund #investor
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