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The Mech Touch (Web Novel) - Chapter 4250

As the Hex Army and subsequently the Golden Skull Alliance finally put their melee mech units into play, the Sundered Phalanx did not remain still.To get more news about The Mech Touch, you can visit innread.com official website.

The Gaugers sent forth their own melee mech units in order to stop the enemy from charging too close to whatever was left of the Kosic Ring.

Though a lot of orbital space stations had already lost their titan shields and most of their turrets, the enormous metal constructs were still intact mostly.

It was not profitable for the attacking to continue to break down these huge fortifications. It took way too many concentrated volleys to blast the sturdy space stations to pieces.

Hence, even if the space stations had lost almost all functionality, their physical mass still provided the Sundered Phalanx with a considerable amount of hard cover where friendly ranged mechs could shelter behind.

Just like how the Hex Army and the Golden Skull Alliance's ranged mech units continued to utilize nearby starships as cover, the Sundered Phalanx ranged mechs still depended a lot on these remaining hulks to fight while minimizing their exposure to enemy fire.

All of that would instantly become invalid if the melee mechs dispatched by the Hexers and the Golden Skullers managed to get into point-blank range!

Therefore, the Sundered Phalanx deployed their melee mechs out in force despite the fact that they would be exposing themselves to a lot of ranged attacks as a result!

Certain people such as Ves sighed in relief when they saw that the enemy had redirected their fire away from starships.

The only mechs that continued to concentrate their firepower on the combat vessels of the invading forces were the heavy artillery mechs of the Witch Shatterers and other siege-oriented mech units.

Though Ves would have preferred it if the Eye of Ylvaine focused their heavy firepower on the Witch Shatterers, he understood that it was better for his Transcendent Punisher Mark II's to shoot down the incoming waves of enemy mech units.
Hahahaha! You're right! The Gaugers shouldn't be prepared for everything that we have in store for them. I am especially looking forward to the performance of the Battle Criers and the Swordmaidens in this engagement. The Avatars of Myth and the Flagrant Vandals shouldn't be too bad either."

A lot of years had passed since the Larkinson Clan fought its last major battle. Every mech legion underwent a qualitative and quantitative evolution.

Unlike years before, the Design Department had made sure that every Larkinson mech legion came equipped with a synergistic collection of exclusive mech models.

Along with the mech doctrines and exclusive strategies and tactics that the servicemen designed around these signature mech models, the Larkinson mech units gained much more power from synergy, coordination and teamwork than before!

As Ves studied the battle map, he noticed that the flanking units of the Hex Army and the Golden Skull Alliance were about to collide against their opposition first despite the fact that they had to swing around.

buzai232 Feb 27 '23, 07:54PM · Tags: the mech touch

Enjoy High Efficiency and Reliability with High Quality Screw Pump Accessories

Screw pump accessories are a common type of part in industrial applications. They can be widely used in industrial control, fluid transmission, equipment installation, etc. Screw pump accessories have many advantages, such as high efficiency, energy saving, and reliable performance, which can meet our industry application requirements.To get more news about screw pump, you can visit hw-screwpump.com official website.

Screw pump accessories include various products, such as pump casing, pump body, pump head, pump shaft, pump shaft bracket, etc. These products are made of high-quality materials to ensure high performance and reliability. In addition, screw pump accessories can also be designed according to customers’ application requirements to meet the different needs of customers.
Choosing screw pump accessories can improve the factory’s production efficiency and save energy. In addition, the reliability of screw pump accessories has also been recognized by many customers, which can meet the different needs of customers and provide more convenience for customers’ work.

Therefore, when buying screw pump accessories, customers should choose the appropriate products according to their application requirements to ensure the factory’s production efficiency and the energy-saving effect. At the same time, customers can also communicate with professional screw pump accessories suppliers to ensure that the purchased products have good quality and reliability.

In conclusion, screw pump accessories are widely used in industrial control, fluid transmission, equipment installation, etc. They have the advantages of high efficiency, energy saving, and reliability, which can improve the factory’s production efficiency and save resources. Therefore, when buying screw pump accessories, customers should choose the appropriate products and communicate with professional screw pump accessories suppliers to ensure that the purchased products have good quality and reliability.

buzai232 Feb 27 '23, 07:28PM · Tags: screw pump

A bulletproof vest innovator tells his dramatic

Richard Davis shot himself 192 times — literally shot himself, usually on camera, while demonstrating the modern-day concealed bulletproof vest he invented in the 1970s. It can be argued that no one in the history of humankind has ever shot himself that many times.To get more news about Camouflage Bulletproof Vest, you can visit bulletproofboxs.com official website.

As we see in Ramin Bahrani’s fascinating documentary “2nd Chance,” the narcissistic, self-aggrandizing, folksy, outwardly amiable, infuriatingly obstinate and complex Davis also shot himself a number of other times metaphorically. Bahrani (director of such films as “Man Push Cart” and “Chop Shop”) also serves as off-camera interviewer and narrator, and as he says at the outset of this tale, Davis repeatedly risked his own life with those shooting demonstrations as part of his endeavor to save thousands of people with his invention, but ultimately put over 100,000 lives at risk when he oversaw the creation and marketing of a later version of the vest that was tragically problematic.

Along the way, Davis turned himself into something of a folk hero, made millions of dollars, created hundreds of jobs and saw his invention become a staple with law enforcement and military personnel in a classic tale of the Great American Dream — which eventually turned into a nightmare.

Director Bahrini wisely avoids complicated time-shifting narratives, re-creations or flashy graphics, recognizing he has more than enough material in existing archival footage and snippets from the crude “Dirty Harry” knockoff movies Davis produced to market his product, as well as current-day interviews with a number of key players in this story. Front and center is Davis, who is forthcoming when he wants to be forthcoming, cagey when he wants to be cagey, and always paints himself as the downhome hero of his own story.
Davis was operating a couple of pizza parlors in Detroit in 1969 when he was held up by three gunmen during a delivery, used a .22 to defend himself but was wounded by shots to his leg and right temple. After one of his pizza shops was burned to the ground, Davis turned to a very different kind of business plan — the design, manufacture and marketing of a relatively lightweight bulletproof vest that could be worn beneath clothing. (Later in the film, we’re told that despite Davis’ repeated claims he had no insurance policy on the pizza joint, he had taken out a policy less than week before the fire. His dramatic origin story about the robbery is also called into question when no credible police report or news stories can be found about the incident.)

Driving from police station to police station to demonstrate his product, publishing a catalog called “Sex and Violence,” using bikini-clad models to help market the vest, and creating those aforementioned cheapo films, Davis turned the Second Chance Body Armor Co. into a multimillion-dollar American success story.
Davis headquartered Second Chance in Central Lake, Michigan, becoming the town’s largest employer and a larger-than-life figure who staged elaborate annual fireworks shows and hosted weeklong shooting competitions on his expansive property. (When a canister explodes at a 1997 show, killing one person and injuring 15 others, Davis blames the manufacturer of the fireworks and complains, “Everybody is pointing at me, like it was my fault.”) Meanwhile, Davis keeps a running tally of the law enforcement personnel who credit his invention with saving their lives — literally hundreds of people.

buzai232 Feb 27 '23, 07:07PM · Tags: camouflage bulletproof vest

NEW PROGRESSIVE CAVITY PUMP DESIGN IS EASY TO MAINTAIN

Progressive cavity pumps have their place in pumping systems. But man, are they a bear to work on. Netzsch just released a new progressive cavity pump design that takes about 90% of the hassle out of maintaining their progressive cavity pumps.To get more news about progressive cavity pump rotor, you can visit brysonpump.com official website.

WHAT IS A PROGRESSIVE CAVITY PUMP?

In case you're not familiar with them, progressive cavity pumps are best suited for shear sensitive applications, like transferring fruits and vegetables. They're also great for handling abrasive and corrosive fluids.

At the heart of every progressive cavity pump is a rotor and stator. As the single helix rotor revolves eccentrically within the double helix of the stator, a continuous cavity is formed and progresses towards the discharge end of the pump as the rotor rotates.

If you’ve ever worked on a progressive cavity pump, you know how difficult it is to replace the rotor or stator if something fails or the pump runs dry. The whole pump must be removed, repaired, and realigned after being reinstalled. It is a very tedious and time-consuming job.
This is really where Netzsch’s NEMO FSIP Progressive Cavity Pump shines. FSIP is an acronym for Full Service In Place, meaning you can service the pump while it is installed. Its design has been re-engineered to provide full access to all the wear parts without requiring any special tools. You can simply remove and replace all rotating parts without having to disconnect the pump from the piping or having to remove the motor.Netzsche NEMO FSIP Progressing Cavity Pump

The NEMO FSIP unit is especially useful where pumps are installed in wear-intensive environments requiring more service and maintenance work. The workload required to repair this pump is minimal, saving time and increasing profitability. We saw how easy it is to service this pump at WEFTEC 2015. Watch the demo video below to see for yourself.

buzai232 Feb 27 '23, 06:57PM · Tags: progressive cavity pump

Progressive Cavity Pump

Progressive Cavity Pump Market Report involves extensive analysis of key growth drivers, opportunities, latest challenges, restraining factors which provides appropriate data on growing regions, and future trends of top Manufacturers .To get more news about progressive cavity pump, you can visit brysonpump.com official website.
The “Progressive Cavity Pump Market” 2022 Growth Research Report covers qualitative and quantitative insights on key industry trends, Size, Share, growth patterns, regional developments and market dynamics. The report tracks all the recent developments, demand scope, latest innovations, investment feasibilities, growth strategies, and revenue estimations analysis. The Progressive Cavity Pump market research study highlights traders, distributors, supplier’s information, import-export scenario. The report has potential to provide new opportunities to user that aims to strengthen the latest business growth, higher revenues and CAGR status. Additionally, the report contains top manufacturers analysis with SWOT analysis, Porter’s Five Forces analysis that highlights market size and share across all the regions.

The USA market for Progressive Cavity Pump is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR during the forecast period of 2023 through 2028.

The China market for Progressive Cavity Pump is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR during the forecast period of 2023 through 2028.

The Europe market for Progressive Cavity Pump is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR during the forecast period of 2023 through 2028.

The global key manufacturers of Progressive Cavity Pump include ITT Bornemann, Leistritz, Sulzer, FMC Technologies and General Electric Company, etc. In 2021, the global top five players had a share approximately % in terms of revenue.

In terms of production side, this report researches the Progressive Cavity Pump production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Progressive Cavity Pump by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Key Companies and Market Share Insights:

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

buzai232 Feb 27 '23, 06:46PM · Tags: progressive cavity pump

7 Smart Home Devices You Should Add To Your Space in 2023

Waking up and getting to work before the winter light hits is a drag. But with smart home devices, you can automate yourself into a better mood pronto, whether it’s by easily turning on your favorite tunes, lighting up the hallways, or getting the kettle going for a welcoming cup of hot tea that’s ready when you walk into the kitchen. To get more news about smart homes, you can visit securamsys.com official website.

If you’re a tech enthusiast, you probably already have a few “smart” appliances. But even if you don’t have any, you likely know someone who does. A report published in October by Parks Associates, an emerging consumer technology research firm, surveyed 10,000 US households connected to the internet and found that 27% had bought a smart home device in the previous 12 months.
Even if you don’t have a smart thingamajig yet, you might be thinking about getting one. That same report found that 44% of American households plan to buy a smart home device in the next 12 months. And a recent analysis conducted by the Underfloor Heating Store, found that “smart home” is by far the most popular home renovation-related trend watched on TikTok, with roughly 4.2 billion views. In comparison, videos related to the second-most-popular home reno term (“enhanced outdoor spaces”) only garnered a relatively paltry 260,900 views.

But while smart home devices are popular, make sure to think about whether a particular device is right for you. Data privacy is something to think about, according to Angus Chen, certified cloud security professional. He points out that some of those devices could be listening to your conversations, taking note of your habits. To ensure privacy, seek out smart home devices that “allow opt-in or opt-out data collection, that allow you to configure security options,” Chen says.
And given the costs involved, it’s reasonable not to settle for anything short of revolutionary. But finding the right smart home device can also mean a lot of electronic waste, since not everything bought online and returned will be resold or ever used. That’s partially why TikTok creator Dani Marie of @danimariethatsme suggests interested buyers wait until their trusted channels review the products themselves to eliminate the wasteful guessing game. “If it’s something that you’re going to have in your house for a long time and use consistently every single day, then I would say it’s worth [the expense],” she says.

At the same time, smart home devices come with obvious perks. Chances are your shades won’t magically unfurl themselves just before you wake up each day, making smart blinds relatively more affordable than daily butler service (or bribing your housemate). Automating a task like double-checking that the front door is locked is another smart bonus.

Plus, it’s hard to put a price on customizing comfort in an instant. The ability to change the color temperature of light bulbs to match your mood is a whole new level of manifestation. And that’s not even considering the resource efficiency gains from some smart tools. For example, using a smart thermostat can result in savings of “approximately 8% of heating and cooling bills” depending on your climate, personal preferences, and heating/cooling equipment, according to the US Environmental Protection Agency.
Smart light bulbs
When you jump in bed at night, no one wants to get up to turn it off. And when you’re trying to ease into sleep, you also want your lights to feel dimmer and cozier. Smart bulbs solve both of these inconveniences—plus allow you to program different times of the day to turn on or off—through voice control or app selections.
Smart showerhead
It’s not easy to be mindful of water consumption—let alone the energy needed to heat it up—when you’re taking a moment for yourself in the shower. But some smart shower heads, like Hai Smart Shower System, can think for you with programmable temperature and water use gauges that blink to different colors when you’ve hit set limits. Plus the stainless steel, groove-free design makes cleaning a cinch, so you’ll use even less water in the long run.
Wifi irrigation controls
Having a lush, expansive garden sounds great—until you have to hose it down on every single hot summer day. Even if you only have a townhouse’s worth of plantable space, installing smart irrigation controls lets you enjoy the bounty without the daily chore of directing the water flow. The Rainpoint Smart Water Timer controls the spigot rotation and allows you to automate the watering—and even pause it if there’s rain in the forecast.

buzai232 Feb 27 '23, 06:34PM · Tags: smart homes

TP Trades Review
The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.To get more news about tp trades review, you can visit wikifx.com official website.

After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with TP Trades. Based on this user feedback, it appears that TP Trades is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.

There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
Is TP Trades Legit or a Scam?
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if TP Trades is an offshore and/or unregulated entity.

When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:
How Online Trading Scams Work?
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money'. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.

Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
The good news is that there is help available. The team at MyChargeBack - a specialist group dedicated to helping consumers recover funds lost online - is available 24/7 and has helped consumers all over the world recoup millions of dollars.

Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.

buzai232 Feb 26 '23, 11:47PM · Tags: xsocio markets review

Emar Markets Review
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer "Automated trading software" which is another red flag, as this kind of websites are notoriously famous for scamming schemes.To get more news about emar markets review, you can visit wikifx.com official website.

So Emar Markets is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don't fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a "retention agent", who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won't be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won't be anything to request anymore.

How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don't worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don't give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven't done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at personalreviews1@gmail.com but do not let your broker know they you read this article or that you are in contact with us.

What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don't refund your money. If you do not know where to start, reach for us at personalreviews1@gmail.com and we will help you with this step as well.

Make sure you leave reviews about Emar Markets in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

buzai232 Feb 26 '23, 11:29PM · Tags: xsocio markets review

What you should know before investing with this broker

 
TRADEQUO is an emerging online broker registered in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. It has experience in the business of about 2 years. This brokerage provides forex, metals, indices, energies, crypto, and stocks. We do not know the specific address of this broker and who the owner is on the basis of its shabby website. In addition, WikiFX has given this broker a fairly low rating of 1.32/10.To get more news about trade quo review, you can visit wikifx.com official website.

TRADEQUO offers clients three different types of accounts: They are Trade Quo Platinium account, ECN VIP account, and ECN Standard account. The minimum deposit for Trade Quo Platinium platform is $30,000. The minimum deposit for ECN VIP is $3000, and the minimum deposit for ECN Standard is $100.

Regulation: Is TRADEQUO legit?

TRADEQUO is not a regulated broker. This means it does not hold a regulatory license. Traders need to understand the risk of investing with an unregulated broker. WikiFX has assigned this broker a "No License."
Spreads & Commissions

The spread is variable in light of the type of accounts, concerning the ECN Standard Account, the spread is from 1.5 pips, besides, clients who are the member of the ECN VIP Account could enjoy the spread from 0.9 pips, for the ECN VIP Account, it sets the limit to the spread from 0.6 pips. In addition, the information on the commission is not mentioned.

Trading Platform

What is worth mentioning, is Trade Quo is an MT4/MT5 White Label provider, providing a platform that is well-recognized as an authoritative and reliable platform for clients all over the world, besides, it is available for free download to PC desktops (Windows/macOS) and mobile device(Android/iOS).

Customer Support

We could not get relevant information about the phone number of the company due to failing to visit the official website, if so desired, please e-mail support@tradequo.com at an appropriate time.

Conclusion

Please be warned that TRADEQUO maybe get involved in a scam since it has a very low score on WikiFX. We suggest you do more research and make yourself comfortable before you choose a certain broker to invest in.

buzai232 Feb 26 '23, 11:11PM · Tags: xsocio markets review

The Collapse of FTX: What Went Wrong with the Crypto Exchange?
Cryptocurrency exchange FTX and its founder and former CEO, Sam Bankman-Fried, are intricately entwined. The swift and damaging collapse of FTX in late 2022 will have repercussions on the international crypto community for years to come.To get more news about bexchange review, you can visit wikifx.com official website.

What Happened to FTX?
FTX's collapse took place over a 10-day period in November 2022. The catalyst was a Nov. 2 scoop by crypto news site CoinDesk that revealed that Alameda Research, the quantitative trading firm also run by Bankman-Fried, held a position valued at $5 billion in FTT, the native token of FTX.

The report disclosed that Alameda's investment foundation was also in FTT, the token that its sister company had invented, not a fiat currency or other cryptocurrency.

That prompted concern across the cryptocurrency industry regarding Bankman-Fried's companies' undisclosed leverage and solvency.

FTX Collapse's Sequence of Events
The following is a recap of the events that led to FTX's failure, bankruptcy filing, and its former CEO's jailing and extradition to the United States to face a series of criminal and civil charges.
Binance Says It Will Sell All Its FTT Tokens
Binance, the world's biggest crypto exchange, announced on Nov. 6 that it would sell its entire position in FTT tokens-roughly 23 million FTT tokens valued at about $529 million. Binance CEO Changpeng "CZ" Zhao said the decision to liquidate the exchange's FTT position was based on risk management, following the collapse of the Terra (LUNA) crypto token earlier in 2022.

FTX Liquidity Crisis and Binance Deal
By the next day, FTX was experiencing a liquidity crisis. Bankman-Fried attempted to reassure FTX investors that its assets were stable, but customers demanded withdrawals worth $6 billion in the days immediately following the CoinDesk report. Bankman-Fried searched for additional money from venture capitalists before turning to rival Binance. The value of FTT fell by more than 80% in two days.

On Nov. 8, Binance announced that it had reached a nonbinding agreement to buy the non-U.S. business of FTX for an undisclosed sum-effectively the world's largest cryptocurrency exchange bailing out its close rival.

Binance Cancels Deal to Bail Out FTX
The promise of a rescue was short-lived, as Binance backed out of the deal a day later. On Nov. 9, the exchange said that it would cancel the FTX deal after corporate due diligence raised concerns about the mishandling of customer funds, among other issues.

FTX Assets Frozen and Other Implications
On Nov. 10, The Bahamas' securities regulator froze the assets of FTX Digital Markets, FTX's Bahamian subsidiary, following news that Bankman-Fried was seeking up to $8 billion in capital to bail out the exchange.

On the same day, the California Department of Financial Protection and Innovation announced that it had initiated an investigation into FTX.

Bankman-Fried apologized the same day for the liquidity crisis and admitted on Twitter that FTX's non-U.S. exchange had insufficient funds to meet customer demands. He said that "poor internal labeling" caused FTX to miscalculate leverage and liquidity. In the same Twitter thread, he said Alameda would wind down trading.

Bankman-Fried Steps Down as CEO; FTX Files for Bankruptcy
Bankman-Fried stepped down on Nov. 11 as CEO of FTX, replaced by court-appointed FTX CEO John Ray, who led energy trading firm Enron through bankruptcy proceedings years before.

buzai232 Feb 26 '23, 10:51PM · Tags: xsocio markets review
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