You will be reviewing the recent FTX bankruptcy in the United States and discussing its implications for
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Question:
- You will be reviewing the recent FTX bankruptcy in the United States and discussing its implications for cryptocurrencies.
- A brief background on the organization of FTX. What did it do, the company size, its associations, where does it fit in the overall industry, financial situation/history over time, etc? What is its current status?
- An overview of its role in the cryptocurrency ecosystem.
- Why are these good uses of crypto for this organization?
- What are the advantages and disadvantages of using crypto in these cases?
- What, if any, legal or regulatory issues FTX is facing?
- What changes should be made post-FTX?
- Do you think that the missing funds can be traced/found?
- Do you feel that the investors of FTX (~1 million) should be compensated?
- What about the celebrity endorsers that are currently being sued by the investors?
- What do you think of the two audits that were performed – should investors sue the audit firms as well?
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