Unknown FTX

Unknown FTX is a cryptocurrency exchange that prioritizes innovation and user experience. It offers various products such as derivatives, options, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. The company is dedicated to living in a world where everyone has the same opportunities and pledges one percent of all net fees towards charitable giving through the FTX Foundation. The foundation manages and disperses these funds to effective organizations worldwide, earmarking more than $10 million for charity this year. In July 2021, FTX launched the FTX Climate program, a global initiative focused on addressing climate change through four ambitious goals: meeting FTX Trading Limited's (FTX) commitment to becoming carbon neutral that year, funding research and policy initiatives with an outsized impact on the climate crisis, supporting the growth of carbon removal solutions and funding other climate-related special projects. The program has already purchased over $1 million in carbon offsets and committed over $500,000 combined to three organizations working on research and policy initiatives relating to climate change. Another key area of focus for FTX Climate will be Carbon Removal, with the program committing $1,000,00o to permanent carbon capture and storage. The FTX Foundation is centered around the FTX team's desire to live in a world where everyone has the same opportunities. With the pledge of one percent of all net fees going towards charitable giving, the FTX Foundation manages and disperses these funds to the most effective organizations around the world.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

No current examples available.

Conflicts of Interest

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Examples:

No current examples available.

Contradictions

95%

Examples:

  • FTX estimated the total value that will be distributed to creditors will range between $14.5 and $16.3 billion
  • . FTX forecasts that the total value of property collected and available for distribution will be between $14.5 and $16.3 billion.
  • Payments will begin after approval from the federal judge overseeing FTX's bankruptcy.
  • Payments will come from a pool of assets gathered since FTX's bankruptcy filing in November 2022.

Deceptions

100%

Examples:

No current examples available.

Recent Articles

FTX Customers to Receive 118% of Lost Funds with Interest: A Major Milestone in Crypto Industry Recovery

FTX Customers to Receive 118% of Lost Funds with Interest: A Major Milestone in Crypto Industry Recovery

Broke On: Wednesday, 08 May 2024 FTX customers to receive 118% of lost crypto assets plus interest following bankruptcy filing, bringing relief to investors after unexpected collapse.