You can't make this stuff up... Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges FTT's price more than doubled. By Cheyenne Ligon Apr 12, 2023 at 12:42 p.m. CDT Updated Apr 12, 2023 at 3:32 p.m. CDT Featured SpeakerBrett Harrison Founder and CEOArchitect Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci. Secure Your Seat FTX, the cryptocurrency exchange that collapsed spectacularly in November, is considering reopening at some point in the future as it navigates bankruptcy, its attorneys from Sullivan & Cromwell said in a court hearing on Wednesday. One potential option discussed was to let FTX's creditors convert a portion of their holdings to a stake in a reopened exchange. FTX's FTT token more than doubled in price following the news. Andy Dietderich, the lead attorney for FTX, told the court that re-starting the exchange was one of many potential options being considered for the future of the company. If that path is taken, Dietderich said, the plan would require significant capital to be raised, and said there was internal debate over whether that capital should come from the FTX estate's capital or third-party capital. "There are possibilities that customers could have an option to take part of their proceeds that they would otherwise receive in cash from the estate and receive some kind of an interest in the exchange going forward," Dietderich said. However, the attorney stressed that the possibility of re-starting FTX is one of many, and any decisions are far from final."There are as many opinions on this, I think, as there are professionals involved in this case," Dietderich said. "And that's a lot." Read more: Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn't Well-Regarded FTT surges (CoinDesk) The FTX attorneys also told the court they've recovered $7.3 billion in liquid assets from the defunct exchange, up from January's $1.9 billion tally. However, they added, FTX is still "far away from an equity distribution." Recommended for you: Reddit Keeps Upvoting NFTs, Drops Third-Generation Collection DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin NFT Marketplace SuperRare Cuts Staff by 30% Join the Most Important Conversation in Crypto and Web3 in Austin, Texas April 26-28
FTX did something clever, they involved American politicians in the scam. So that is something to jot down. If you want your scamming scheme to be successful make sure that you attract politicians. Pretty much the same way it has been working through history, nothing new really.
Despite the recent drama, the Mooch, as he’s known, looked relaxed in a Brioni suit and Prada lug-soled loafers, his forehead Botoxed to a smoothness unnatural in a 59-year-old. “I’m not gonna let Sam or anybody, any bad outcome like that, dissuade me from further risk-taking or some big opportunities,” he said. Or, as he’d put it on a recent episode of the finance podcast Capital Allocators: “I’m like a f---ing cockroach. If you think I’m going down after the nuclear bomb goes off, you’ve mis-sized me. I’m a little tough son of a bitch, and so I will find a way hook or crook to make this work for the firm.” https://www.bloomberg.com/news/features/2023-04-06/anthony-scaramucci-s-skybridge-capital-woes-predate-ftx Legendary statement from the "Mooch". And all of this in a Brioni suit....hahahahahaha
"SkyBridge after a big bet on crypto that began three years ago. " So the Mooch can't time a top. "the company’s downward spiral started when, .... back from Washington, hired a friend from Harvard Law School who’s been behind the money-losing push into crypto." As of April 2023, Anthony Scaramucci's net worth is estimated to be $90 Million. " In the same podcast, the host, Andrew Gold, asked Scaramucci if he was a psychopath. Scaramucci replied: “I do think I am a psychopath in the sense that I don’t really fear too many things. My attitude is we are here visiting the planet. … My attitude is, I’m going to do what I think is right for me, and I’m also not going to care much about what other people think.”"
"Reopen"? What type of idiot would fund a FTX account at this point? In related new... only one celebrity approached by FTX to be a promoter asked the most important question. "Are these registered securities?". Taylor Swift Turned Down $100 Million Crypto Deal After Being Only Celebrity To Ask One Simple Question About FTX, Lawyer Reveals https://radaronline.com/p/taylor-sw...on-deal-crypto-asked-simple-question-lawsuit/ Taylor Swift avoided being dragged into a federal lawsuit — all because she did her due diligence and turned down a $100 million crypto deal from Sam Bankman-Fried’s now-defunct FTX, RadarOnline.com has learned. Attorney Adam Moskowitz revealed the bombshell during a recent podcast. The lawyer has been handling the $5 billion lawsuit seeking to recover money paid by FTX to celebrities who endorsed the company. The lawsuit accused various entertainers and athletes of promoting the sale of unregistered securities, which is against US law. Moskowitz explained that none of the celebrities who promoted FTX bothered to do any research or ask if they were promoting unregistered securities before appearing in television commercials or digital ads. The suit has demanded everyone from Tom Brady, his ex-wife Gisele, NBA star Steph Curry, Shaquille O’Neal, Larry David, Naomi Osaka, and various other celebrities return the millions they were paid. Tom, Gisele, and Larry all appeared in prominent ads for the company. However, Moskowitz said the one celebrity who did do her research was Swift.
Taylor Swift's daddy is a banker, how do you think she got into singing* ? Daddy probably told her to avoid all that. *if you believe she could actually sing and not use filters