Description
Show off your financial knowledge & prowess with this hilarious FTx Risk Management Department Long Sleeve Tee. The ultra cotton long sleeve tee is a clear comfort winner. The sleeves act as a nice frame with no side seams. The shoulders are taped for improved durability. This makes for a good fitting around the shoulders & neck. The cotton used for these shirts is environmentally friendly. FTx, a cryptocurrency exchange founded by Sam Bankman-Fried, experienced a dramatic collapse in late 2022. The downfall began when concerns about the financial health of FTx & its sister company, Alameda Research, led to a massive withdrawal of funds by users. It was revealed that FTx had significant financial ties with Alameda & had used customer funds to cover risky bets made by Alameda. This led to a liquidity crisis, & FTx was unable to fulfill withdrawal requests. Further investigation uncovered substantial mismanagement & potential fraud within the company. in November 2022, FTx filed for bankruptcy, & Sam Bankman-Fried resigned as CEO. The collapse of FTx had widespread repercussions in the cryptocurrency market, eroding trust & leading to increased scrutiny & calls for regulation of the industry. Several legal proceedings ensued, with Bankman-Fried & other executives facing charges related to the mishandling of funds & fraudulent activities. KEY FEATURES - 100% cotton (fiber content may vary for different colors) - Medium fabric (6.0 oz/yd² (203 g/m - Classic fit - Sewn-in label - Runs smaller than usual CARE INSTRUCTIONS Machine wash: cold (max 30C or 90F); Non-chlorine: bleach as needed; Tumble dry: medium heat; Do not iron; Do not dryclean. Ftx Risk Management Department Long Sleeve Tee, Funny T-Shirt, Sam Bankman-Fried, Crypto Shirt, Cryptocurrency Fraud
