Bitcoin Forum

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

$0

I never leave any coins on the exchange, I always move my coins to my non custodial wallet. This is why never trust any centralized party, it's just a gimmick if they offer the exchange has high security and insurance funds. At the end, you can't trust anybody words when you get disappointed by their fault and you can only blame yourself since you're careless.

My FTT, it's stuck. Although the exchange has no assets, it cannot recover the principal if it falls.

The result is not to leave your coins on CEXs or not, but in the coins/tokens, which may be like platform tokens (like BNB, FTT), which will collapse if the platform collapses or decreases its value severely.

 - The same is related to stablecoin that will be frozen in your wallet.
  - It also applies to the central blockchain, which may be stopped, halted, or a hardfork.

So its bigger than non custodial wallets to the type of coins.

I never use FTX not that I did not trust it but Binance for me is the only exchange worth trading even though I read that there's no fee on FTX, your $120 is nothing to the owners who lose over $10 billion from the collapse of his exchange, the market is highly volatile and so are trading on exchanges, you really can't be sure.

I have an indirect loss and just like everyone who has a loss during this bear market and it's all due to this issue that has been made by the FTX loss.

Your loss isn't that much compared to the lost of many but, whether it's a small or big loss, they're still loss to each and everyone of us. We may have been indirect connection to FTX for those that don't have an account and deposit there.

But because the whole market suffers from it, we're all affected.

Nothing Nada Zero.

I don't have an FTX account and I don't own any FTT that's why I don't lost anything. Though it affects the market and of course me from the latest dump which FTX is one of the factors why we experienced this market dump right now. I didn't sell anything that's why I still considered myself having no loss at the moment. People started becoming aware on how dangerous storing their assets on a centralized exchange after this FTX incident. It's not bad to use a CEX we should just make sure not to store crypto there especially that things happens so fast.

I am also lucky not to lose money with the FTX crash as I have never used or registered an account on FTX. 2 weeks ago I was reading news on Twitter and came across a very good analysis about FTT and soon I added FTT token to my watchlist and I plan to research on this token after some time to make investment decision. But everything happened so sudden and fast, after CZ started the fight with a tweet, I removed it from my watchlist. Once again, my condolences to those who lost their money in this incident, investing in cryptocurrencies is an extremely risky form of investment, invest with your money ready to lose.

I didn't lose anything since I did not keep any of my coins on FTX but the loss occurred since there was a big dump because of FTX collapse.
Obviously we couldn't have predicted this dump but if we would have stayed up to date with the news revolving FTX and the dump made by CZ then we could have sold our coins at better prices.
We could have bought them back now at cheaper prices but yeah we still have the option to hold since we know the market would recover.

this sentence: " Not your keys , Not your crypto " maybe applies to bitcoin and a few altcoins, because the altcoins that have owners and that are centralized, even when you buy and leave in the wallet you can wake up one day and see that in wallet has 0$ because the altcoin owner sold everything and figured and everyone panicked and sold and the price dropped to 0$. what we all have to do is be cautious, don't leave too much money on exchanges, leave only the amount to day trade

about what I lost, well I didn't have an account on that exchange but because the market went down I lost 20$ because I forgot to exchange btc to usd and save. well, the market is already bleeding and we don't even know how long this drop will last and many people are losing money, I can imagine the guys like president of El Salvador who bought a lot of bitcoin in the 40,000$ how he must be feeling right now, he must be angry

In this case, if to blame, we should blame ourselves, not them because we said we don't trust banks and we choose cryptocurrency to reduce risk because of centralization of banks. But in the end, we can't get out of that vicious circle just for the sake of profit. I believe that the people who leave money on it are day traders, for the sake of profit, forgetting that risk is also lurking for them.
There have been many lessons about exchanges collapsing but people will quickly forget and centralized exchanges will never be lost.

None for me.
This is just another reminder to everyone investing in crypto that it's not really good to store your crypto in an exchange. Lucky, you only lost $120. How about the other users?
Unfortunate event like this is nothing new in crypto space. This is a quite similar case happened with QuadrigaCX. Soon, all of us would wake up to a news that what happened with this exchange was deliberate.

There are no assets in the FTX exchange so this is not a stress for me..

Already know that storing assets on the exchange will involve great risk so I don't keep it anyway a non-custodial wallet is the best recommendation.
With the bankruptcy, FTX opened our eyes, never to put long-term money in any exchange, so that something like this could result in regret later.

It was also reported that SBF had been hunted by many investors to want him back, there was other news as well that SBF had fled on a private jet with his staff.

I have around $100 at 6 november and then i have managed to withdraw my $90 to the personal wallet and leave the rest in FTX. i have tried to make another withdrawal around 8 november but the withdrawal already halted and so i have lose $10 due to the FTX. i rarely stored my funds in cex but i just have only $100 in FTX before the hack happened and mostly my funds are safe in my personal wallet.
my friend lose $350k caused by he was storing all of his funds in FTX. that's very sad to see he was losing all of his saving and retirement funds on his FTX account.

Thanks God that I have not used FTX regularly and at the time of this bad situation there was no fund in my ftx. I use Binance for daily trading but now I have no trust on Cex more and want to be safe from these kind of collapse I am 80% out From Crypto. Ftx collapse is very big and Usdt price was also down to 0.97 which is very bad sign for crypto.

If my fund is ever going to get trapped in an exchange it's going to be binance because this is the platform I use for trading and I always leave behind few hundreds of dollars.

I was never a fan of FTX exchange, since the day they migrated from Blockfolio I've stopped using the app. I've never thought of investing in FTT token too, I guess I am just lucky.

I have recommended FTX to some people only because I thought it's the next big exchange, I was wrong all along, the best lesson to learn here is never leave any assets on centralised exchanges.

I personally did not use FTX for my trades at all, for that i use Pancakeswap, Uniswap or Kucoin if i am using a centralize exchange. Therefore i did not suffer any direct loss because of the whole drama around FTX. Of course i was indirectly affected by it, just like everyone else that is involved in the crypto space. My portfolio value has dropped again significantly even though i was already down more than 95% in comparison to it's ATH of may 2021. I have a medium amount of Kucoin shares on Kucoin itself because of the Kucoin bonus and also the whitelisting for sales and stuff but of course in theory the same thing that happened to FTX can happen to every other centralized exchange.

I lose nothing.

I could have be one of those people that lose money to FTX deception but I am always turned off by the FTX app and design, is not attractive at all, the dashboard looks so ugly and unattractive that's why I stay away. I am glad they failed to work on the exchange design if not I would have be a prey.

I have lost absolutely nothing, i don't hold funds on exchanges, neither have i ever used FTX, and i also own zero FTT. These things can't happen enough for people to understand that leaving their funds on exchanges is a terrible mistake and they should also not be hodling funds/coins that are basically centralized/worthless shitcoins that can collapse pretty easily, there'd be many more similar incidences in the future, but i'm afraid it will happen with no lessons learned. Having said that, there is a reason why people hodl Bitcoin that is sustainable for the long run, because it can't go extinct or completely collapse, there could be a serious plunge like what is happening now, but since it basically has an actual utility, you just know that it is definitely going to recover with time.

Directly, zero. I never signed up to those scammers exchange. I never trusted that guy. None of these events were surprising to me.
Indirectly, my crypto balance impact as everybody else. Everything went down so as a big crypto holder I had a loss too. It's funny that we see these kind of things regularly and still fail to escape unaffected. No matter what we do, we get losses in some way. The exchange, crypto company or a coin that we don't even use negatively affects the entire ecosystem.

I lost the trust from exchanges one more time and gained lesson that always trade quickly on them and move your assets to hardware wallets. Now I am more happy that I have invested on hardware wallets and I am keeping my coins locked up there for better future. I don’t know why traders usually tend to put up so much money on the exchanger and leave it there unattended. They will never take the responsibility for it and that is also one of the key point they will add into their Terms of Services. So they always get an upper hand when such situation arises and peeps loose the money.

I didn't experience a loss on the FTX exchange, it's just that I suffered a loss on the FTT token of almost $ 700, there was a lot of drama at the end, starting from Luna to FTX, sometimes I'm confused about what I can believe, because of this incident I want to withdraw all my assets from any exchange and use them if needed

I haven't heard FTX until it became the headline of a news.  So with that, I say I have not lost anything from FTX collapse.  Beside even if I known the exchange, I think I wouldn't have any losses because I always keep my fund in my wallet.  I only use exchanges to convert one coins to another coins and withdraw it after the conversion.  As one being involved in the cryptocurrency, this "not your keys not your coin' phrase should be the first one we understand when it comes to using exchanges.

Not to kick anyone when they are down but this happens so much why do people keep insisting on using an exchange as a wallet?  Outside of the people that got caught up the day it happened there shouldn't be any money on theor platform.  It's just an exchange that's it.  People need to learn but unfortunately this will happen again.

As long as I am still holding my coins, I don't think that I am losing my money. My portfolio is only decreasing, like what happened in the other crash market as usual. Here, as long as we don't get panic enough, we can still control ourselves to hold the coins. Except that we are having FTT, this may be different because we must manage our money in this coin. Btw, for some reason, this crash market precisely gives me more chances to add some coins by buying at a lower price. But, I really expect that this problem will solve soon and will not continue to the worse situation. 

indeed investing in ftt such bad idea, it was such a good coin back then and now it becomes shit coins, even though my investments in ftt isn't that much regardless still a loss, can't imagine so many out there are losing millions in this definitely not because their fault but because the companies itself, I think we should think twice in term of investing, maybe diversifying seems like a good idea now that it seems literally the highest ranked coin could lose its value so easily.

Nothing. Actually, I've heard too little about this exchange until the bankruptcy happened, although it was listed as the second biggest exchange of crypto market. All I knew about it was a kind of 'meme' created from a picture of the ex-CEO SBF kind of smilling in a very bizarre way, and that he was purchasing another bankrupted crypto companies. Well, it didn't last 6 months and FTX was found to be on the same bad conditions. For people who lost funds it's time to rebuild and from now on adopting a new strategy when investing funds virtually.

It was good because they were manipulating the price artifitially with customers' money. I think now people must be very careful with native tokens from exchanges. Don't invest a significant portion of your holdings on them.

If it's a loss about the dump then it's a big one but I don't want to compute it. That creates stress so better just to leave it there and wait for the pump again.
If it's a loss in the exchange mentioned then it's none. I have not used that exchange yet even though they are one of the popular names.
Binance is still my first choice then next to it is Kucoin.
Well, thankfully this two had never let me down and that's the reason why I never switched to any exchange yet.

I was very lucky because I did not deposit any money on the FTX platform and never tried to trade on it before, although I used to think that this platform is strong and can survive but it quickly went bankrupt and was hacked, so this teaches us not to trust any exchanges, the only advantage What I need is P2P but I can do without it if my money is in danger of losing, there are those who lost a lot of money on FTX platform, yesterday I checked what users posted on the official telegram group of the FTX platform and found that there are millions of victims.

I lost nothing for sure. the fact that if these days people were never care with their money. There are so many people who have been loosing caused by FTX. The worst thing is FTX was also getting hacked and the remaining funds in the exchange site got drained too. Im so lucky enough caused by i have withdrawn all of my money. it's not so lucky for my friends who have been storing majority of their funds on FTX. The fact that if these days people are always saying that CEX far better than storing their funds on their wallet but the truth have been told them all if cex was also a very risky place to everything.

I'm thankful I didn't lose money with the FTX crash because I didn't use FTX for trading or anything else.
Even though at the beginning FTX launched, I was tempted to try to join.
But apparently, I didn't join and stayed on Binance to trade.
This is a valuable lesson for every trader and investor not to leave their coins on the exchange because this FTX case could happen to other exchanges.
We have to be careful in choosing the exchange and storing our assets there and if we don't trade very often, it's best to keep your assets in another wallet.

Most of us here are long time hodlers and we already accumulated a good number of coins so a heavy crash like we experienced earlier can badly affect our portfolio. Not that computing your losses will give you stress but it will also be a waste of time because as a long term investor, your decision will hardly be affected anymore but you will push what you already started.

Like you I also don't use FTX even though I already known them but even if let say I use them, I think I won't be among of those who lost their funds inside it because I am no way of storing my funds in any centralized exchanges. I hope many people will learn their lesson once again, that not your keys not your coins.

I had something like $0.70 in FTX. I shorted it as a joke with 20x leverage and got around $10 out when ftt was around $5. Then i tried to play with leverage on that and lost it. I was regretting that i didn't deposit more before shorting because i would have make more money in few days then in whole last bull run.
Even with that $0.7 have would have now made couple hundred bucks if i had let it run to the ground but it doesn't really matter as i wouldn't get it out anyway.

$0
Because I don't have any funds there, I haven't even used that exchange, but what happened to them still has an impact on the value of other coins what i have, such as BTC, which goes down, but it's not a problem because BTC always has good fundamentals of all the coins that exist.

All custodial wallets such as exchanges or online wallets are not safe, but at least from what is happening right now it provides valuable lessons for you on how to store coins safely and it will be even more useful if you also know what coins are actually worth saving for you.

never really invested in this coin if there's better coin out there with significantly more utility like bnb, even though there are rumours that bnb definitely gonna suffer the same thing like ftt token but it seems that could hardly comes true considering I'm sure the professionals behind the platform already thought of these things over and over after this has occurred to ftt token surely they aren't going to suffer the same fate and they gonna anticipate it, after all investing in smart contract coin seems significantly better ideas.

this is the real reason that diversification is essential, you could never be sure which of the coins are gonna increase and decrease, anticipating it by diversifying definitely could save you from losing your investments in the long term, you see those funds management that manages millions of money, they always diversify and implement the risk management and they are still going strong despite all the crashes, you could see that the diversification and risk management is somehow the key that could make your investments success.

None.
I trade on Binance but if something goes the same as what came to FTX, I'll pull out my assets there quickly but hopefully that nothing will happen to them close as what FTX did.
I want more of CZs transparency since my funds are there but anyway, I don't like his way being vocal as it's really manipulative in the market.

I know that FTX is an up-and-coming exchange and they offer almost zero transactions but Binance and Kucoin are the top leaders in the industry and I don't want to trade in an exchange that hasn't proven themselves and I made the right decision of not trading here in FTX, the collapse is huge that it saps the portfolio of many traders, this is another proof that never leaves your coins in exchanges even on the popular ones, don't be tempted to leave.

I have lost exactly zero dollars with the bankruptcy of FTX, I did not had money at this exchange, or any exchange for that matter, and I did not invested in their token either, now I am holding bitcoin and its price went down so you may wonder why I do not think I have lost a single dollar? But this one is easy, as long as you do not sell your coins you have not lost anything, and since I was planning to hold my coins for the long term anyway this bankruptcy has not affected me economically at all.

FTX is popular. This is the exchange promoted by finance guru YouTubers that I have been watching for years. After its controversy, most comments o thier video is about them promoting FTX and when are they going to be sorry for luring users to FTX.

Lost $0. I didn't also see FTX to be a necessary exchange to join since I have binance already however I have read comments from reputable legendaries in the forum where they like it because of zero fees and also they see FTT go way high because they compared it to BNB.

I don't have an account at FTX. However, I only have a few BNBs that have been affected by the FTX case. I actually avoid storing assets in the form of coins or tokens on the DEX. I move and save my tokens to my wallet. The reason is simple, to avoid data leaks and loss of money if one day gets hacked.

I'm not using FTX, but I've been indirectly affected by this event, which has impacted the market, with most cryptocurrencies falling during this bear market.
I believe that the bitcoin price of the investment will rebound, or continue to hold for a long time to reduce losses as much as possible.

$0 because I only used the exchange on a few occasions and I don't leave any balance on the exchange, but I have some close friends who lost huge amounts in the FTX exchange hack and most of them are traders who leave their capital on the exchange.
I don't want to believe that FTX customers have lost their money already because a big exchange like FTX will have a reserve where their settle client's in time such as this

I did not lose anything from the FTX bankruptcy because I don't have an account there. I am sorry that many people have lost a lot of money, especially those who invested in FTT tokens. Although I'm not sure that FTX will replace all user assets, we better stay optimistic that all the problems that happened at FTX can be solved soon and people can get their money back. I am curious to know how long this case will be finished because, with such a large amount of money plus FTX, who is already in bankruptcy, this will be one of the biggest cases this year.

The sudden collapse of FTX nearly knocked investors throw down from the sky. I am also a victim of this. My assets were in other exchanges so I didn't face any problem in withdrawing them. However, I sold my tokens after my asset value dropped by about 70 percent. Mos of us have been affected by this collapse.

Your loss is only $120, so don't ask about other people's losses. You are very lucky. Many people can't find a place to cry when they want to cry. If you are not a newcomer and have experienced bulls and bears in the cryptocurrency market, your mentality will become normal in this matter. No matter what happens, it is normal. Because digital currency is still a child, there are no rules of the game, and everything starts from the heart. If SBF does not do evil, if there is orderly and fair competition in this market, everything may be better. But without contradictions, there is no driving force for the development of things.

None from the exchange itself, btw good for you that your lesson didn't cost as much.

"Bragging" your losses in public doesn't seem like a good idea to me. However, I believe that both, people who lost money and those who fortunately avoided it, should take a valuable lesson from this situation - remember to keep as little funds as possible on the exchanges, always DYOR and track your investments to react in time of dangerous news. Of course, some situations cannot be avoided, but you must try to do everything to minimize the risk of losses.

After FTX bankruptcy, it feels like the exchanges have to be transparent with their hot and cold wallet amount. I got an e-mail from KuCoin revealing their value in the wallet(although it's not all) but it gives me an insight at least about how is that exchange going to manage the currency in the future. But still, it's not recommended to store money in online wallet even though it's just a small amount, you are not controlling your own money if you put it there.

although a little I'm sure it's not necessary. why keep it on the exchange? we know the risks.
unless you are aware, if you put an asset on the exchange, it means you are ready to lose if something happens to the exchange. the assets you have on the exchange are out of control. don't play with fire. even though it is small it can burn you when you are negligent.
after the events that happened to FTX, I believe more and more traders and investors will wake up to this understanding. they used to underestimate the security of reputable exchanges. but now, everyone will be more vigilant.

FTX has been one of the exchanges in which I want to open an account over the years. Maybe because I am busy and I already have many accounts in different exchanges, I always forgot and bypass them. Now I am lucky not to create an account there or I would've lost some money.

What happened with FTX is another reminder that we need to keep up hard-earned coins on non-custodial wallets. Although for the traders, they have to be extra careful in picking the exchange they want to trade. We can also trade on different DEXs although they aren't that great, especially on fees but obviously safer than centralized exchanges.

Due to FTX, exchanges are now trying to become more open and transparent with their funds. And authorities will soon be requiring more regulatory rules in order to avoid the same fate wherein clients' deposits were being used and mismanaged.

I was lucky too for not opening account in FTX exchange because I think Coinbase is Top exchange for its reliable security system and and it is listed on Nasdaq exchange of USA which makes it accountable to its regulators as well as its investors. The 2nd best in my opinion is Binance because they have highest number of listed coins/tokens pairs as well as they secure assets of their account holders by insurance fund. These are the reasons I prefer to deal with these 2 exchanges.

I had some hundreds dollars of stable token in FTX and i just remember if i had it on my FTX account. I never expect if FTX to go collapse like this fast. I never think that the battle between CZ against SBF will be revealing the true face from FTX. It's very sad for me to lose a few hundreds dollars caused by i can use it to buy some needs to fill my daily life.


Luckily i have been moving lots of my funds from FTX since there was a big dump that came to the crypto market. People shall move on with FTX caused by they must also see another exchange site that may have same behavior like FTX

Zero (0)!  I used this exchange in 2021 and withdrew my funds before un-installing their app


Always remember that exchanges are for trading, not for holding your cryptocurrencies. Use a non-custodial wallet. Or a hardware wallet if possible.

Lucky us. Or i guess you were more prepared if you don't usually keep money in cex. I got my IMX and GODS airdrop that i sold them in there (as they were mostly trading in there). And i even wouldn't have withdrawed my money if they had listed my favourite crypto. Luckily they didn't and i moved my money into binance.

I holded "unu sed leo" there for a long tlme though and played with their leverage which gave me 20x for some reason when others gave less. I guess that was a regional thing. Too bad this happened, i was waiting for their debit card as well and with that i probably would stayed as their customer.

Nearly the same reason, I believe Binance is the best one and have been using it since it first started, and ever since that day I never had the need to use any other exchange.

I remember there was this token gifted to me because of some things I did, not airdrop but like a friend basically, and I wanted to sell that and it was in one weird low level exchange, I registered and sold it and took my cash out, but it’s obvious that we are talking about a horrible one, after a month or so I heard that that exchange closed up and said they were hacked too. So, I can easily say that it’s too common and Binance is literally the only place I can trust, but I understand coinbase too.

Perhaps we all are casualties in this whole FTX issues. Everyone can feel the ripple effect. The entire market can testify to that. We've seen how even Bitcoin and the rest have reacted negatively with dips. Again, those who also have funds in exchanges that heavily depend on FTX for their transactions will also be dealt another blow in days to come. My advice is that those who are should quickly move their funds to a safe place immediately. Since FTX is bankrupted, it's likely those dependent exchanges on it will declare bankruptcy and then hastily disable withdrawals. This is really a trying moment for the crypto industry.

My loss because of FTX bankruptcy was 0.000000$ since I try not to use centralized exchanges, go through KYC and keep my coins there. You said the right thing about "Not your keys , Not your crypto". Then why do you keep losing money? It's time not only to write about it, but also to use it. FTX once again showed how dangerous centralized services are and that they are not to be trusted, no matter how powerful they may be.

This is one of the song that many experienced investors used to tell people being careful about exchanges. Since you don't have access to the private keys then it can never be your coins. Even with these kind of senerio that had been happening for long now, some people still keep all their coins on exchanges to hold their and most time, they even stake it and expect big APY which can be profitable but still very risky. We should learn from other people's mistake and keep our coin in our wallet to avoid painful story like this.

Maybe it’s a conspiracy? There are too many like your friend, and the centralized exchange is really too insecure. I have suffered losses in the exchange again and again, and retail investors can’t guarantee their basic rights at all.

You are right about this, and people who did not do what you preach unfortunately suffered great losses. There is no point in keeping your money in the stock market when you are not trading. Why are you taking risks? If you bought a coin and something like FTT happens to you, it's probably too late. These and similar problems are unavoidable in the market. At least for now.

I have not used centralized exchanges for trading for a long time. If I need a certain coin, then I deposit 500-1000 dollars on the exchange, buy a coin and withdraw this coin to my decentralized wallet. This is not convenient, but it helps to avoid significant losses.

I didn't invest in the SBF (FTX) platform provided so I didn't lose a dime there, $0, but I was affected by the incident that came to FTX after what happened to Terra Luna. I had 3 months of savings in Bitcoin and Altcoins at the start of 2022, and when I saw my portfolio drop 75% of the total, it made me gawk.
Previously I planned not to open a portfolio because it would be stressful if I opened a portfolio. After all, a lot of big storms have happened in the economic world that have had an impact on crypto. I would have previously assumed the money was gone and forgot about it and would have opened 5 years later. but the situation that happened in the crypto world made me panic and try to open my portfolio.

this was quite a shock and caused a mental attack :'(

Lost amount is undeniably high, I just don't want to say the number as it rubs the heartache that I felt.
The saddest part is, it's not due to bad news about Bitcoin but due to a recent event with an exchange. This will be the norm of us now. Every exchange that will fall will affect all cryptocurrencies values so we might as well be careful on where we would put our money.
If you are a long-term investor, keep it safe at an application that have the highest security.
Short term or traders should also be careful at keeping it with an exchange, if there's profit, get it out of there and just leave the planned capital.

That is without a doubt sad as not only the money has been lost but it is practically impossible to recover it, and even if it was possible to recover a little bit of it then it could take years before it happens, so for those which have lost money with this collapse they can only move on and learn what they can from this, and while starting over your journey will be hard, at least you will do so by being way more cautious about where you store your coins, so it is unlikely that the same will happen to you in the future.

I have never put any crypto in that exchange because I was focused on the old exchange but still have a reliable source that you can truly trust, and my list of exchanges was Poloniex, Binance, OKX, and KuCoin, was the 4 main exchange that I am using, well I am here to say my saddest sympathy to all those that have lost a great deal of money in the FTX, it was likely a rug pull but stating it as a rug pull is a strong word to use, and yes it is more of a bankrupt as the owner have said,

But the Conspiracy theory that Sam Bankman-Fried was only used in these circumstances, and FTX was only used by democrats for the money to use as political money, this is just a theory, but it surely builds in what really happened to FTX, and I really don't want for other established exchange to go on the same road as what Sam Bankman-Fried did,

I know with FTX exchange market almost five years, the only one exchange with lower fees withdrawing transaction and I am excited when withdraw ETH used fee swap on dapp ethereum network market. Binance, Kucoin and Houbi have bigger fees when withdrawing trough Ethereum but in FTX we can withdraw without any fees yet before last year need to pay fees but still under other market.

I don't hold assets in exchange market and FTX only used for buying Ethereum fees only, for exchange trading I used dapp exchange like Uniswap for ethereum network and active with Pancakswap when trading with BSC coin network, I don't loss any fund yet when FTX collapse.

I also didn’t loose any money as I only have coins on Binance and Kraken. Not saying that these can’t go bankrupt like FTX but I think the chance is smaller. But I should probably move some coins to a personal wallet to limit the risk!

You should!
That's why many have been thinking of moving their funds out of exchanges because they don't know when a problem will exist with their current exchanges.
Those that have large funds should make a move before anything else happens, you don't want to be part of anything in the future that's related to hacks and bankruptcy of another exchange.

True, I don't have any on FTX, and to be honest, I haven't heard of it before until it collapses, and maybe that's why I didn't used it by any means.

I have some on Binance as well, but as I have said, I decided to move it out like 2 days ago, the money is not that big though, but it's better that way than to regret later as we don't know the status of any exchange right now. They might be running on fractional reserves, or they don't have the money to back up all the tradings.

CZ though sent an email assuring that Binance has the capital and they are secure, but as we have said, not your keys, not your coins.

I know the value of the amount of money varies from person to person, but $120 is a really small loss for this market and a fair price for the lesson you've learned. That's why I think you should feel lucky. :) I used FTX for a while, but then I stopped using it due to a few system failures. Therefore, I did not experience any losses. However, if similar problems occur in Binance one day, many people will get hurt and I can be one of them. Therefore, everyone should definitely adopt the motto "Not your keys , Not your crypto". Thank you for your recommendation and reminder.

If Binance is struggling, would CZ be kind enough to convey that to the investors, hell no and we have seen in the past several years how exchanges would go bankrupt left and right and then run away with the user funds and then take years to get a portion of the funds if it goes the legal route and hence it is better not to take any chance and never store any coins in any exchange.

Personally none i don't keep more than 10$ on any exchange and in case of FTX i am only holding token worth around 2$ but it not the lose the biggest lose i face that i am using FTX and for using the FTX platform we need to Complete Know Your Customer,{KYC}. so their will be high chances our Kyc detail is leaked with by the FTX bank man fried just scammed everyone but it is Crypto we can only blame I personally feel market will be in good condition if FTX doesn't collapse and CZ merge FTX with Binance although it was competition to became the NUMBER 1 and no doubt BINANCE just won these competition but everything seem Scary and we know the CZ can easily Manipulate the market it is really easy for him

You are absolutely right; it is never safe keep our funds in centralized exchanges where they are always at risk because we don't have any control on wallets where they are stored so better to transfer them to decentralized exchange or personnel wallet. The lesson we learn from FTX collapse that "Not your keys, not your coins".

When one of the top 10 exchange like FTX can bankrupt then anything can happen to any exchange, no matter how big or small it is.  

Each participant has suffered losses, which can be both direct, as in your case, and indirect. Thus, these indirect losses for the entire cryptocurrency market may exceed direct losses, and which are associated with the general dumping of all coins.

I had less crypto exposure before the collapse so minor unrealized losses due to the fact that it affected the market negatively. I also didn't buy any FTT and those tokens FTX and Alameda have previously invested. Many active traders were burned for sure. Even those who call themselves trading gurus.

If I were you, I would take this as an example on why you shouldn't do what you are doing. FTX could be the one that bankrupted this time around, but next time around it could be poloniex. I hope that it’s never binance because both I have some money in there but also because it is so huge in the crypto world that FTX bankrupcy would look like a child’s play compared to that.

I know that it is not going to be easy to handle all of this, but I feel like it’s not going to be just 10-20% drop, if binance goes then we are talking about 50% or more drop with it. However, poloniex, kucoin or okx could go, and it wouldn't be as hurtful as binance and we can still survive.

Can't trusted with top ten exchange market or not I think risk when saving fund of centralized exchange market based on many time hacked and closed decentralized exchange on every years. What happen with FTX give us more reason how not fully believing to save all fund there, many people loss their fund there until right now not have responsibility yet from FTX owner and team how to solve problem faced by their user.
Better with holding assets or coins on personal wallet and have own controlling, after FTX which one next decentralized exchange will collapse and top ten exchange still not safe yet or FTX could be the last collapse exchange market.

Absolutely no stored balance.
Our principle of trading is not keeping funds on exchanges and we are not trading on obscure stupid coins. Until now, our routine in conducting trades still continues like that.

We recommend enough with the FTX event, then don't keep any more funds or crypto assets on the exchange.
Invest in Bitcoin.

The issue is that you could keep watch over the market all the time and you could still lose a lot of money as this kind of crash happens at a speed which is almost out of this world, now it is true this would have reduced your losses but you would still have gotten some important losses anyway, so I think that besides keeping a closer look at our investments we also need to try to avoid centralized coins, because the moment the company behind it collapses the coin will collapse as well.

Although FTX is a newer exchange than the ones you mentioned, you need to know that its size is much larger and its influence on the market is also huge. Why is it considered a competitor of binance and not the rest?

Binance is huge and it must be said that it accounts for more than 50% of the trading volume in the market but that doesn't mean it can't crash. If poloniex can collapse then binance is no exception just the degree of impact on the market will be different. Everything is risky, even bitcoin is uncertain so don't trust binance too much. I also don't think binance will collapse anytime soon but still have to be careful and always be ready for the worst case scenario.

Almost 78% of my invested money in FTX is gone. I faced huge losses for holding even after get the info earlier. If i could not stabilized the rest of the money, the money would have gone down even more. I am very disappointed with the market situation now. I had no idea how a project as big as FTX could end in the blink of an eye. However, there is still a negative impact on the market so everyone should invest with caution.

What happened with FTX is no different than what we see with the collapse of big banks, basically the owner of FTX without asking his clients or even other powerful people in the company decided to use the funds of their clients for some other business, he lost and tried to hide it until he could recover, CZ discovered and make it public which caused its collapse, as you can see the story is not complex, it is one of the most basic frauds you will ever see, it is just that it was done at a huge scale and this caused the market to crash.

Not just markets but news on what affect markets. Because even if you won't believe the rumors, others will, and with option to leverage trades it can get pretty bad pretty fast. With rumors you also need to take account the reputation of the person who starts them. Fud can be price control attempt from anonymous source, but when it comes from main figure in the scene. You have to take it seriously.

Because, even if you cut your losses and sell -25% loss. You will only lose that 25%. If the rumours end up to be true, you will lose everything. So risks on the latter one are just too much.

Yes, a large part of the reason is the financial cycle. Even if this mine does not explode, other mines will explode, and this result is inevitable now.

Loss of trust in centralized platforms 😅

from the beginning until now I really don't like saving funds in exchange wallets especially with large amounts of assets.
so that this FTX collapse I didn't feel any loss because I didn't really put my funds there.



I believe more in the cold wallet that I hold

I lost 1000 Euro of my liquidity for two weeks.

Because in the beginning I was setting this amount on a buy order for 0,00(...)01 Euro. With LUNA I made this way ~8000 Euro, because if the most frauds with a bit of gravitation (big community, big amount of users) fall to the ground, they will bounce up for a while.

as a result of the ftx collapse I suffered a loss of around 1000 dollars, and I didn't know at that time the ftx collapsed, and I suffered a loss of 50 percent of my assets. but I was lucky that at that time I was still able to sell my ftx token coin at a price that still didn't go down too much.
but now I just realized that investing in altcoins is very high risk, and indeed we have to be good at choosing quality altcoins. and I feel sorry for people who invest in ftx with large capital, of course they also experience bigger losses than me.
and with the collapse of ftx
Of course it will be a lesson for all of us so that when investing, don't choose the wrong crypto.

To be honest, I think I lost $4,000 - $5,000 on FTX Exchange.
The dumbest thing I did was when there was already a rumor about FTX, I still deposited $4,000+ to this exchange because I want to convert the crypto I sent to another chain like I used FTX Exchange as a bridge. And after that, my withdrawal started can't process.

There's good news for FTX Japan customers, as withdrawals are going to begin in "short order." Formerly known as Liquid, the Japanese derivatives exchange was already heavily regulated by Japan's Financial Services Agency (FSA) when FTX acquired it in February. As a result, there was apparently no commingling of its funds with Bankman-Fried's trading firm Alameda Research. Source: https://coinmarketcap.com/alexandria/article/u-s-lawyers-onboard-ftx-japan-plans-to-restart-withdrawals

Never that i have been lured towards this one and from the beginning I never trust the Idea of FTX and my guts saves me while many of my friends not.
they invest more than they can afford for complete trust and they even mock  me recently because of the good return but lucky that i did not pay attention lol.
sad to hear that mate, that is big amount for small investors like me.

I did not loose money, but I lost another thing which is very important which is trust. I lost trust in all exchanges and all CEO's that own exchanges, not even considering if they are reputable or not. Money that people lost can be gotten back not as easy as trust that has been lost or broken. It is lesson that I have learned, a lesson that will not be easily forgotten. Bigger lesson from the sadder situation of people who lost both money and trust.

Sorry bro, I don't leave tangible funds on centralized exchanges, not FTX anyway. I have a horror of leaving my funds there after Mt Gox. Most of my trades are via dexes anyway. But there is hope now. I heard FTX Japan is opening up withdrawals soon

Luckily, I didn't have so much as an FTX account.  I always thought it was a bit strange that Sam Bank-Fraud came out of nowhere and suddenly seemed to rule the crypto market.  I had never even heard of FTX when they started buying up assets and naming stadiums.  We were supposed to believe Sam was this amazing trader who profited in the billions and always cashed out at the top.  Nothing could be further from the truth.  The guy was stealing people's money and buying shitcoins with them.  He is literally the worst thing that's happened to Bitcoin in a long time.  Want to know why we didn't hit $100K+ in the last bubble, because Sam was taking everyone's money and buying shitcoins with them while telling them they owned BTC (they didn't).  He's the devil as far as Bitcoiners are concerned.

I'm also one of the fortunate people who didn't lose much, but two of my friends lost crypto there...

IMHO the worst losses happened to the margin traders. People who trade with positions and leverage, and have to leave their assets in exchanges. As if liquidations and shadows aren't bad enough, they have to lose their money to exchange hacks and bankruptcies like this. :'(

Well, I lost nothing since I'm not a fan of that FTT token and not even using FTX exchange, it's true that we should keep our crypto in a hardware wallet or personal wallet which we have the keys to open it. Since that case happen PoR will boost our confidence again in the centralized exchange. 

Have been longer time not exist transaction in FTX exchange market and I don't have any fund loss there when FTX collapse, usually for trading I used with my local exchange because have pair with local currency and make it excited, but ever I used with FTX exchange for converting ETH as fees transaction when still active trade with dapp exchange like Uniswap or Quickswap with ERC20 network.

I don't sure with FTX back later for recovering how much user fund loss because not positive feedback from the owner about their responsibility, better forget for all user FTX and try other way to recovery with how much money loss in FTX account.

https://www.ft.com/content/aaa4a42c-efcc-4c60-9dc6-ba6cccb599e6
Revealed: the Alameda venture capital portfolio
A look inside Sam and Caroline’s grab-bag of crypto, etc.

https://twitter.com/WuBlockchain/status/1600169501236264960
"FT discloses all investment portfolios of FTX/Alameda, The disparate bundle of nearly 500 illliquid investments is split across 10 holding companies. The total investment value is given on the spreadsheet as in excess of $5.4bn."

Lost around 90k$ feeling sad but all in with cryptos till the end!

when trust is lost, there is no exchange that you can use to store your assets. the best is your personal wallet. But you also need an exchange to trade. I still trade on Binance and it's my place to make profits. it's risky but it's each individual's responsibility, I also don't fully believe it. Binance is still my choice of course. make periodic withdrawals when it's better than depositing it in an exchange wallet.

I saw in Twitter that so persons loses heavily from the FTX bankruptcy which created a lot of disaster for many families that has funds in the exchange. Although there was a sign and tweets from reputable investors and traders advising people to withdraw there funds from the exchange but many thought it was a joke and  for those that never heard of that, it make them have some much excruciating feelings. It is just funny to funny out that the CEO was never feeling any guilty for people losing so much funds without any backup.

90,000 USD is a lot of money. Wondering what made you think that it was safe to store coins that worth a huge sum of money? Is it that you knew things like this happens, but you thought or never imagined that it will happen to you? How did you feel before when you used to read about exchange hacks and people shouting not your keys not your coins? Didn't it make you think even a little about moving your coins? At least you aren't giving up on crypto, but you did learn a lesson from it.

investing in their ftt token might be the dumbest thing of this decade thinking it would become the next binance but turns out it's just a shit coin, I guess there's reason why binance still leads until now mainly because they are more transparent and always shows their reserve unlike the other exchange that's didn't intend to disclose their reserve, I guess it's just better investing in BNB instead considering the platform is showing good intention, unlike the others that you still don't know the state of their reserves.

I have lost 350$ for FTX Collapse. I only buy as deep as I can. But in the end I lost $350

It didn't have any effect, but it brought me a wake-up call. Generally I don't care much about these. People are used to keeping their money in banks, and crypto is no exception. But traditional banks are guaranteed by the government. In encryption, I believe in Binance. Even then I didn't give all my money to the exchange. Not all exchanges are safe.

I never used FTX not because i didn't put my trust on it or because i expect such things to happen but i was simply lucky to not use or need ftx, im here since 2017 but i only used few number if exchanges, the only exchange that im using continuously now is Bybit

I also didn't lose my assets on FTX, because I didn't use the FTX Exchange at all. But I lost trust All crypto exchanges, the mode is the same. In time ponzi will collab.

Fud to binance has been thousands of times and all of them have not worked, because I also believe that binance can survive because from the inside the roots are already strong. However, yes I agree with you, it's better to keep assets in a cold wallet that makes us a little safer.

But, not all FTX users did lose their assets because they always make it a habit to withdraw right after using an exchange as they are also aware about the dangers of keeping funds inside it. I think those who got badly affected are the ones who invest on the native token of FTX which is FTT because it also suffered after the collapse of the exchange.

Even though we have no involvement in FTX whatsoever, we are still affected indirectly because the incident causes an impact to the crypto market but luckily that was over and the market have now recovered. There are still trusted exchanges out there but we shouldn't only give all of our trust on them.

Honestly, the FTX crash didn't affect my portfolio, nor did it cause any direct loss.  Because I don't trade on FTX nor hold them.  Most of the altcoins I held at the end of December 2021, when the market started to fall, it lost big.  In general, I think the FTX disaster was just a small accident for the market at that time and its impact on user psychology will be more.

Fortunately i dont have funds on FTX , But i keep my active funds on Binance exchange for trading and withdraw purposes and with this incident we need to complete secure our funds ,
And keeping our funds in our wallets means now we are responsible for any hacking incident or any lose,
So use tips and tricks to use hardware wallet with proper security because in crypto you are the oner of your own funds no one can recovers these .