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A biggest Cex exchange FTX which was fallen bankruptcy in Nov 2021 and lost almost 9 billion suddenly recover back 8 billion and now News are circulating that They are going to relaunch Exchange. This is massive News and Ftx exchange token which was down below 1.5$ suddenly pushed by big whale and its pumped more than 100% in 45 minutes.
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There are some questions in my mind and Ftx team did  not final yet and more News will be come soon.


1: What will happen with Ftx users who lost fund. Either it will be refunded?
2: FTT token will be Their native token ir they will launch another token?

What do you think Its worth to invest now on FTT token after this news? can we see price back to value where ut crashes after Ftx Bankruptcy If answer is Yes how much time it will take? if i am not wrong the price was above 25$ .

They won't be refunded or receive any compensation if FTX v.2 exchange won't get enough customers, trading volume then income and profit from its operations. It depends on decisions and strategies of FTX exchange's new board members to compensate their users. I believe that if they are serious with their relaunched business, they will spend part of their income to compensate their users gradually. It will take a lot of time and even take years for FTX to fully compensate their users but it is a best approach for them to rebuild the exchange reputation.

I don't think they will launch a new token. If they have full access from FTT tokens belong to ex-core team members, they won't need to launch a new token.

There's a good discussion of this topic to an actual FTX thread on Exchanges. (https://bitcointalk.org/index.php?topic=5419710.220)

It's already their native token. If they try to launch another token, they're not far from being Luna and UST.

I believe it when i see it. It's hard to picture a crypto company that would be more tainted during last bullrun. I seriously see people trusting even yobit more than FTX.

Is it so hard to brand new exchange that people would rather trust FTX then brand new one? Or could it be that some people in charge of this move bought FTT tokens in the bottom and this is their way to manipulate the price. You don't need to use 2 brain cells to figure out what's happening here.

This is certainly good news, but I'm not sure that everything will be fine with this exchange, no matter how the trust of users can no longer be returned, and if there was a puncture once, then there will be a second time.  And it is not clear who will now manage the exchange, because the CEO is under investigation, it will be difficult to return the old reputation

FTX have to refund all the money from the users and maybe they can airdrop as well because they deserve it. If they want to have a good comeback here this is the good way to introduce the site again. Anyway, If they will relaunch the exchange I’m sure many will hesitant to try it again so better not to expect to be a good exchange again because for me, it’s over even if they will change the whole management of that exchange.

This could be just a rumor because imagine, its shady how they lose and recover that funds easily there’s a big trust issue already and better for them not to comeback but of course allowing the old users to get their funds back are more ok since I have funds with them as well.

Let’s just wait for their announcement if they really want to bring back that exchange and see what will be the reaction of investors to them, maybe they can have some or maybe many already learned their lesson with FTX.

I am really an advocate of FTX Exchange 2.0. With the comeback of the FTX Exchange, I believe it will be a big win for the whole cryptocurrency market.
But before that, they must go first with customers, all the funds of customers that were locked must go back with a lot of customers and after that, for sure they will start rebuilding the FTX and then regain the trust of the people step by step.

1. They need to refund those who wanted the refund or just issue a refund to those who are affected by this incident.
2. For sure they'll launch a new one, maybe just a fork out of it.

LOL don't get hyped, it's just a rumor and nothing is confirmed. If you wanted it badly, just minimize and manage your risks then. I am still doubting if it will be opened again so it's uncertain as well to comment on the price of the token.

Indeed that is what we noticed and i don't know how they would managed to recover their reputation and trust from their users..

Who knows what would come out of their mind towards that but i am on the positive side of them making a refunds to their users in other gain back their trust and integrity.

Certainly there's no way they will come with another concept after what they did, so i don't think it would be ideal for them to change anything all less they wanna buy the idea of what Terra did to participants which i am not sure it would be so but lets just watch and see what they would come up this time around.

Currently i won't really advise anyone to fully invest on FTT token because with the shock of what happened are still fresh in people's mind so it may be very hard for investor to entrust their funds on this project again otherwise anyone investing is on their own risk.

Creating another token would be ridiculous. Alameda and the FTX itself are holding these tokens, it's in thier best interest to continue using them and pump the token to make money out of this comeback.

The best that FTX can do is allow its users to withdraw thier balances and if they really will re-up the exchange for good, then it's up to them. But I can already see an uphill battle to regain the trust.

How high is the amount they owe to investors? If it is more than the amount they have recovered there is no way they are going to allow all of those people to withdraw that money, maybe they could try to pay them on installments, but if that is the case then FTX will become nothing more but a Ponzi scheme as they will use the money which new traders deposit to pay their older clients, and if that is the case I doubt they will get enough customers as everyone on the back of their minds will know that a crash can always happen again.

My honest take on this is simply once bitten, twice shy. I don't know how many investors that will want to trust their hard earned money again to them or new investors who will want to risk it. I won't try it. I tried cashing in on FTT during that fateful day of its collapse. Of course, I got burnt. The manner of its collapse is something that needs to be studied intently at any faculty specifically dedicated to fraud. FTT's purported comeback may mean an attempt to hit investors a second time. After all, a snake only shades its skin to become a bigger snake, and not to change into a less harmful animal.

 
the exchange reputation is irreparable. they can make the users happy upon returning those funds to them but that's just it. people will not send any money to the exchange.

it is easier to establish a new exchange than relaunch an exchange that is linked to one of the biggest scam. never in the history that an exchange associated with scam got the trust back from users they've ripped.

You are forgetting that it won’t be run by SBF anymore. So it doesn’t mean that the exchange will perform another scam again. The brand has value and that’s why they want to reboot it.

How much volume did it have? Pretty close to $1B every day or so if I remember correctly and that generates tons and tons of fees revenue.

If they reboot under a different management they might make enough in fees to make everyone whole again.

The team will be not the same and its not seem that they will refund to all users. Most of Europe users had already been refunded. The new team will not bear the burden of the bankruptcy.



As far as I understand there is no need for new tokens because Ftt token contract is not been hacked or exploit and Old team have full access to token code. Ftx new team also didn't talked about new token so it seem that they ftt will be their token.


It is very difficult for the price to go back to the previous state before bankruptcy but yes if they success in relaunch and prove thereself after relaunching then i think its price can push back to 10$ which is likely to be happen.

We can not know what they will do in future. Scam again or never scam again, we don't know about that now.

It is their past trading volume and after the collapse of FTT token, FTX bankruptcy and arrest of SBF, I am so doubtful that their past users will return to FTX to use that exchange.

They might not die but they will need lot of time to rebuild their customer base. There are many exchanges for people to choose and use, not only FTX which has bad reputation already.

Centralized exchange tokens (https://coinmarketcap.com/view/centralized-exchange/). I don't know what people expect on FTT token. Why it should have higher price than $3 in future while their exchange future growth is unknown.

What have happened has taken bad signals to the investors, before they could gain back their trust and Integrity it would take some years maybe who knows how long it may be. You already spoken it all and whoever that wishes to invest should do more research since we don't know their main objective of coming back after the fatal incident that happened. I am having this instincts that they would likely refunds their investors in other to gain more popularity and new investors to dive in the more after relaunching.

I know FTT has experienced a high increase of 100% more because the news FTX exchange will relaunch again in Q2 or Q3,
but if you really still believe in FTT then invest, but if you don't believe anymore then just stay away,
or maybe just trading is better rather than a long-term hold that can only be at risk

I think this is a bad idea, the questions are: who will trade on the exchange?, who will be the market maker? who will manage the exchange plus the operation? what happens to $FTT tokens and other illiquid tokens? Are they going to launch a new token?

From what I read from creditors, they do not want the exchange to come back because it is damaged good already and some of the big users have moved on and will require a lot of incentives to see them move back to the exchange to trade. Why not sell the exchange to another person and deploy the technology elsewhere or put it under new management

I think it will depend on the judgment of the court, now if the court stays to refund the customers then I think they will be obliged to do it.  They will still need a huge amount of money to read it completely.

I think there is nothing we need or want to do now except to observe. So since a major incident has already been done by them, I don't think they can recover so quickly and it is not right for us to trust them so soon, it would be best to keep them under observation.

I am sure that I will never come into contact with it and have also advised my friends not to care about it. Remember how they treated users, and furthermore I will also look back some lessons about the history of some of the top exchanges back then as well as the state of FTX now and they also have a back to the market but then they continue to deceive the community.

This did not happen in 2021, but last fall.
Regarding the FTT token, much will depend on who will eventually act as an investor in the revived FTX exchange. If these are new investors who do not have FTT coins, then it would be logical to see a new exchange coin.

FTX is yet to recover the full amount of the lost funds, which may derive from the liquidation of other assets, such as real estate. I believe that this update is true, but I doubt that the exchange is relaunching anytime soon. Supposedly, they have to refund their users, but that would require huge capital; it's a must if they're planning to restart operations since no one is going to trust them anymore for obvious reasons.

The only positive outcome so far is FTT's small recovery, which shows promising results for its holders and investors.

Even if they refunded those victims who lost their money on FTX, I highly doubt that they will still use the exchange even after refunding. The trust that the customers has on FTX really shattered after the scandal that their ex-CEO made. FTX should find a partner that can really bring up the morale of those victims. If they somehow really recovered from their situation, Being absorbed by some company is I think the best way to relaunch the exchange. If they really want to recover FTX, I believe that it will take a long time and they should do it on timing like relaunching on a bull market.

This return makes me doubt more than trust, how will they regain the trust of users? And what will ensure the past history will not repeat when they also have very good financial performance before. One of the things that I'm more skeptical of is that when they come back, it's probably a period when the market is starting to recover and the fact that there will be many new users coming in will not notice it. How wrong they were. Is that a sign of the next big deal in the market for the future, and indeed there are plenty of other quality CEXs in the market that would welcome a turn around but I don't have one either reasons to trust and reuse FTT in the future.

I know FTT comeback and the price of FTT has also been impacted tremendously,
and yes the price of FTT went up 100% a few days ago when the news about FTX was about to relaunch and made the market Fomo,
but we also have to remember that FTX is really not be trusted again, if you are reckless then your risk will be much bigger.

I'd say even if they did comeback someone one hardly trust them to even put their money in the exchange, maybe they'd gonna just use it temporarily and keep their money in other exchange, honestly in term of being an exchange they're just as good as binance but this incident has made a real big scar in their brand and definitely would make people so much reluctant in using their platform with big money. they can try regaining their customers trust again but I know it will never be the same. but one thing is more important is hopefully most of the victims of this incident are getting their money back. even this includes the ftt holders in which also incurred lose pretty bad. but considering the fact that their coin even increasing I'm guessing there are still some people out there that gonna trust them.

if you got burned once, are you willing to risk again your hard-earned money on this team? i don't think so. maybe, if you still have funds to recover from them. play along and get your share. afterwards, don't look back. i believe it would be very hard for them to build their credibility again on this market.

IMO, If FTX users lose money because of a problem or technical error, FTX will take care of that and provide a refund solution to the affected users.  ??? Currently, FTT is the native token of FTX. However, FTX may launch new tokens in the future if they decide to expand their operations. As for the question of investing in FTT tokens, I cannot provide specific investment advice.  It is important for you to self-assess and analyze the factors related to the FTX project, including its development potential, the project's contributions to the community, and the real value of the FTT token. This depends on many factors but here it should be noted that investment is always risky and you should consider carefully before deciding to invest in any project.

This is a fake pump if you ask me. Because nothing fundamental changed and yet there is a news about it which means that the pump is a fake one. If the fundamentals haven't changed about the token itself, then it means that the news means nothing at all, did it provide any liquidity, did it made FTX come back, did it cause anyone to get richer? Nothing really happened, it is exactly what it is a month ago and the only thing changed is that there is a news.

I am sorry but news can't make a long term change, this could be just a temporary thing, not just could be but I think it is but I wanted to give benefit of the doubt. So all in all I believe that it should not be really a big deal, and we should keep staying away from it.

yes FTT can be said to be coming back but one of the most important things is the loss of trust,
after the terrible incident from FTX and causing FTT to fall -99% this makes holders and traders definitely feel annoyed,
yes if you want to invest in FTT go ahead, but you have to dare to take risks.

i'd say outright that investing in ftt already too late, it's only good when its value was down 99% now that it has recovered some of its value it just doesn't feel like it's good investment anymore.
these coins that have crashed massively only good for investment when they are still yet to be recovering from their crashing, basically only good when their value near zero, other than that forget about it. there are many coins that just better out there.

No one will believe this scam exchange more. A wise man cannot be pierced through the same hole twice. Ftx team has lost the trust of the people and it's will be very big to deposit and strat trading in this exchange. Every trader want a secure platform and secure token for his investment. This why dominance of the Btc is much higher because of its security. Now when people know that Ftx already scammed once and not refunded to old loyal users then how they will trust that theirs fund will be save there.

Ftt price pump was just because of this News and it's was just fake pump pushed by whales and its price backed to it's price again. The future of this coin is not looking good but if any big risk taker and have extra fund then there is small possibility for price to hit 20$. This is risky jackpot and not secure investment.

Totally agree with this, a business that has failed and resulted in losses for many people should no longer gain trust unless we want to lose a lot of money in the future because of this collection of scammers. And exchanges that have had problems are almost never able to get back up and accept the trust of their users and this will also happen to FTX, the problem will be that they start with a new name and hide their true identity and this is exactly what we have to watch out for because they can still cause future damage.

As far as I know, the affected FTX users have not been compensated yet, and I don't know if the new team intends to compensate them.

In any case, I think that FTX has lost the confidence of users and I do not expect the price of FTT to rise any more than that. It may be a pump made by one of the whales, but investors do not have the confidence to buy large quantities.

if they really gonna make come back that's okay as long as they could reimburse their former users back in the past that incurred lost, whether they gonna regain trust of their past users again that's totally another matter, but i'm gonna say it's gonna be quite hard regaining the trust of people, regardless though as long as they gonna reimburse, it should be fine.

Every single business out there needs to have some level of trust to gain any customers, but there are some businesses in which the trust factor is critical, and exchanges are that kind of business, after all people are letting them to keep their coins with the hope to make more money while they trade, and many people lost their money due to the mismanagement of those funds, then even if the people behind FTX made an effort to get back in business they will fail as no one will entrust them their money again.

FTX comeback soon Q2 this year. Im so glad to see that if there would be another chance for FTT to comeback. It will be very good if FTX will be under credible party. It's caused by FTX needs to make sure if the same case will not happen again. Different company, different owner.
I really love FTX in the past. i hope this gonna be real very soon. I cna't wait for FTX to come back.

Come back sounds good but will people be able to trust them again? am sure those who were affected by the collapse of the ftx exchange are still very hurt and have not fully recovered their funds.
It takes several years to build reputation and credibility and takes just a day to successfully ruin it. If they are able to come back, they will struggle to gain people's trust.

if ftx as an exchange platform falls under new management then i'd always try to use their platform but if it's the same management like before then I guess i'd hardly trust this platform even once more.
the thing is, their ftt token heavily tanked, even this news doesn't change that fact, i'd definitely not gonna fall for the twice moment.

Yea, I agree; FTT and by logic FTX had nothing that is saved or doing better, they are still considering and thinking and discussing and just rumoring simply. This means that nothing big should have happened, and the price increase is all due to rumors and speculation nothing more, they basically manipulated the price this way and I can understand that people wanted to see something much bigger and better due to this news and that is why the price went up.

However, it shouldn't and nothing changed I agree, this is why there is a bit of a fall from that, 2.4 to 1.9, but it is still in green for most of the week and I feel like people will keep buying as long as they think that this news will change something that didn't.

A lot of people see the FTT token as a good hold because of the positive news around the exchange opening, what most people forget to consider is that most people will rush to withdraw their money from the exchange immediately after the exchange is opened, there will be liquidity crisis and also who will be the Market maker, remember Alameda is gone. I just have this feeling that they are just looking for ways to drive the prices of the assets on the book of FTX up especially those that are illiquid, so as to get enough money out of these assets. $FTT token is a great hold this quarter IMO but not long term

The answer to some of those questions are is the FTX United state under license if yes, that will lead to another question of if FTX United was under any insurance and if the answer to that question is yes, then the users of the exchange who have balance in the accounts before the crisis will get reimbursement from the insurance company.

Just like I read somewhere we're FTX Insurance company will soon begin to repay users from Japan or so,  I can't remember the thread again but I read it somewhere here in the forum.

If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.

Personally, I really have lost faith in FTX, I think the fact that FTX users lose money depends on the specific cause of that loss. If the problem is caused by a technical error or a breach of contract, FTX will have to refund the lost funds to the user. However, if the problem is caused by the user's fault in securing his or her account, FTX will not be responsible for the lost funds.
Regarding the FTT token, it is the native token of FTX and will continue to be used. If FTX uses a different token, that will be communicated to users in advance and there must be a plan for easy conversion and ensuring that users' interests are not affected. However, there is currently no information on whether FTX will use another token as an alternative to FTT.

As wild as it may sound I think the FTX exchange could try to comeback and some of its previous users could try to support it as they will want to recover the money they are owed, and this can only happen if the FTX exchange becomes successful, but for the rest of the people that were unaffected by their crash and that understood everything that happened they will simply have no interest on helping FTX achieving their goals, and eventually the FTX exchange will fail again.

I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.

you will definitely gonna be suprised at how many people actually willing to use ftx again even after the crash, there has been many that supports this come back and even said that ftx better than binance, maybe they are true in this regard, but i'd say their reputation already got scarred as you said, but it seems even the crash didn't make many people hesitant of using this platform again.

this restart of course coming with some requirements otherwise the government will never allow such thing to happen.
I think it's gonna be bought and being managed under new company and then all the victims got their well deserved reimbursement like many have said.
but then again many complication will still arrive, since this collapse of the platform was known to be having chaining effect where some of the project that this exchange has invested in the past also got bankrupt and there are many of them.
hopefully many will got reimbursement at full and this exchange could always build up their reputation again but i'm sure people with big investment and capital in general gonna be reluctant putting their money in this exchange, too much risk while there are some other good exchanges like binance and kucoin.

People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!

How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.

It will run for a while and if it is successful then it will be sold to another company who can take over and those funds will be used to make people whole again.

agreed with this, in every relaunching of a nearly bankrupt company there's always something behind the curtain like deal with new company just to pay off the debt that the previous management incurred, some people might think it's gonna be same old management but actually it's gonna be different.

they've got good brands, many already recognized this one, building up their reputation is no problem if there's someone new managing the company.
i think the due debt will eventually gets settled, i don't think this restarting is as bad as you might have pictured instead, they'll avoid recklessly investing like before.

I suppose it depends on how you look at this, it is true that the brand of a company represents a great part of their value, as this is what makes the public to pick their services or their products, but the brand can also work against a business, and I think this is going to be the case here, the collapse of the FTX exchange is something that people are not going to forget, so even if they tried to comeback the only thing people will think about when the FTX name is mentioned is that collapse and how the same could happen to them.

I have not seen any exchange in the Crypto space that got transferred from one management to another that get better after, Poloniex, Houbi to name the ones that come to mind, another thing is that these new guys don't understand the peculiarity of running a Crypto exchange so I don't see how this is good for users. Though this depends on who you ask for me the best thing is to get the best deal for users, instead of relaunching the exchange. As for $FTT, no matter the way we looked at it from now on I believe it is a good time to buy $FTT tokens, especially this quarter restarting the exchange good news, users getting access to their funds good news.

it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.

even if they did develops other platform it will be hard for them, their history of scams and collapsing will always be remembered, many will be hesitant in investing in any project related with them, surely that's well deserving considering they've done worst to their victims.

You underestimated the fact that ftt still alive until today means there are hard die fans with this company that ready to even go down together.
this company im sure if restarted will easily gain traction there are many that saying they miss this company despite the fact that they've been wronged, it seems ridiculous but it is what it is.

it said that ftx itself has recovered some of their funds reaching billions surely those funds are gonna belong to those that have experienced massive loss due to these incident and what i mean by loss is the loss that is because holding the ftt token and even got their funds frozen in the exchange, eventually they will got reimbursement but honestly there's still no real decision regarding that so its all actually just speculation.
but i'm sure that eventually those that deserved will get reimbursement, even like that it's true many have lost their trust in this exchange surely they will be hesitant, even those that got reimbursement i doubt will keep their money in there, they'd instead do withdraw instantly and move over to better exchange.

The amount of money lost, and lives ruined because they wanted to rule their company horribly is beyond measure. We are talking about billions of dollars, and millions of people who lost everything they had, because they wanted to manage their company horribly. I agree that there is no way they would ever be trusted again and they are basically gone.

The best thing to do about this is that they should just pay what they owe and get out, they should not even be around anymore. Most of the big names got away without a jail time, it was just the CEO if I am not wrong, and those people could find another job and work there if they can, that would be fine for them, pay it back and then find another job is their best course of action right now, at least the least resistant one for them.

As far as I know, it hasn't been announced yet whether FTX will continue to use FTT as its native token or launch a new token. However, given that FTT has already established a significant following and liquidity, it seems likely that FTX would want to continue using it.

As for whether it's worth investing in FTT now, honestly don't take the risk to invest in FTX. While the news of FTX's comeback is certainly positive, but the negative effects from the project in the past is a stain that cannot be erased. That makes it difficult for FTX to thrive as the empire they once built.

And this has always been the problem with cases like this, the law is used in such a way that only financial losses are assumed to be accrued during the abrupt crash of a company, but they never take into account the lives that were ruined or the people that killed themselves over this, which to me is ridiculous, as those events are consequences of their actions and as such someone which steals so much money should never be free again.

Yes i read whole News of Ftx reboot news in Decrypt and there is no clear phrase wheather Ftx start with new token or FTT but there is high chances of FTT token to be their native token because after bankruptcy FTT price not drop to zero. FTT was considered main source of FTX and there was a big usecase that's why many big investors invested in this coin to get fee discount and staking. [/quote]


Token price is still above 1.5$ after its last bottom of 0.82. I took entry after this news when ftt price was 1.1$ and made short term profit. This kind kf entry is very risky and do and die mechanism. There are lots of good coins which has potential to rise so i think investing in coins which project already shut down is not good.

The main thing about crypto is Trust. If you break the trust, then you are done. I don't think people invest in this again. FTX users did not receive the lost fund yet.

Quite honestly this is true about everything, once a person or an institution has shown that they are not to be trusted then it does not matter what they say or what they do, you are never going to believe in them again, as it is very likely that they had made the same kind of promises before only to break their word when it really mattered, and it is obvious that with such a huge crash and the incredibly high amount of money that was lost by those that kept their coins in that exchange that no one should ever trust them again.

I have seen divided opinion on FTX possible relaunch, some people are for it and some are against it and I tend to support those that are against it, it is better for this space to let the sleeping dog lies, FTX is a damaged good and I don't see people moving their tokens to the exchange to trade there but to rush to withdraw their tokens, another thing that people are not considering is the value being thrown around, most of these tokens are illiquid tokens and if they tried to liquidate them the price will dump and I don't see them getting half of the value of these assets in the market. Just sell these assets and give people their money, the earlier the better because if these keep hanging over the space I don't see how these assets in their portfolio are going to appreciate

I don't want to return to an exchange that has compromised the trust of its users for the sake of obtaining profit fraudulently. Returning to the exchange, you become a tester of a completely new product, but with a dubious reputation.

This gonna be crazy if FTX will be come back with the new owners.

https://unchainedcrypto.com/ftx-token-gains-15-after-news-of-potential-crypto-exchange-restart/

I just read that news and it's likely the interest for FTT token was coming back again yet this is still rumor and anyone who buy it will be dealing with a very big risk for their money.

Since theer have been many speculations related to the FTX and i think that it will not be so bad if FTX will make its comeback to the crypto. As long as it will not be doing another shady things again.

I wonder that people will again trust this exchange after bankrupting. Many users loses big money here and they not paid to these old users then how they dare to start operation once again just by adding new CEO. It's very hard to get trust of hearts broken investors.

Their token is not completely down despite of complete stop of exchange. people still holding token and token price increased after this news but i don't think that it will again rise like before.

Obviously not. Their whole name is a synonym of everything that failed in last bubble. Even nocoiners know the name FTX. They might not know what really happened but since everyone is blaming FTX the whole brand is tainted to the point of no recovery. I think that people reviving this smell the money as FTX has infra in place to make money so people believing in this might get themselves some big play money and important titles easier then by starting a new exchange, which they would do if they were serious.

that's very true, their name will never free of their stain of the past.
we aren't lacking exchange service anyway, so many are more trusted than this platform, i see zero reason why someone should be using this platform service despite the fact that it has really bad reputation.

will majority will just let things slide if they ever gonna make comeback, too many become casualties, i'm sure there will be resistance if they didn't have proper reimbursement towards their victims, that should be their first concern, other things comes after that, since reimbursing the victim they could save their face.

it is reported that FTX will restart again to FTX 2.0 and is currently running well,
I saw on Twitter FTX 2.0 will start in the 2nd quarter of 2024, of course if this goes well then this will be good news for FTT,
and most likely the current price this would be the lowest price in FTT history.

that's still quite a long way to go, maybe things will change along the way but I wonder how they gonna reimburse their former customers in which they lost money in the past, i wonder if they are having the commitment of recovering back their well deserving money or just go on opening up their platform again and just ignore all those victims.

i think many people out there thinks so too, maybe their comeback won't be successful after all, i still wonder what's wrong with their business decision of making comeback with a name that's already know to be having bad reputation, maybe they thought many people are fool and just wanna blindly use their service again.

but in the world of crypto currency anything can happen, because FTX will also change its name to FTX 2.0 and this is also the first comeback in the crypto world,
lots of altcoins have gone bankrupt and can't come back, but FTX's efforts can really pay off good results, I myself still believe that FTT and FTX will be victorious again.

I assume that such new clients of the updated FTX 2.0 exchange will be newcomers who came to the cryptocurrency market and are not familiar with the collapse of FTX. And those who have previously encountered the fraud of this exchange have long been acclimatized on other exchanges, and obviously do not suffer from nostalgia.

I think there are no new clients on every exchange, in fact 90% of traders have accounts on every exchange,
yes, indeed, not all of them have funds, maybe, but all traders already know that FTX is an exchange to watch out for, but I don't know,
hopefully FTX 2.0 can answer the doubts of the community and of course users.

I can't agree with this. You can't assume if there will be no old users of FTX to use the new FTX. Even if the probability is very small but there will be old user that will be using the new FTX if it will be revived again.
FTX has so many loyal users in the past. It makes sense if some of them will be back again to use new FTX if it will be revived again.

It depends. Maybe some of them will, if the exchange offers something great like refunding their previous customers. There shouldn't be any risk on getting a refund and it's still up to these users if they will remain on using the exchange after it. If it's me, I think I will try to use the exchange with small amount.

I will just see if this new CEO is now better than the old one. I'm surprised if their token was still there even if the exchange have already been close down. Congratulations for those who take the risk and continue to buy and hold it. Their efforts have paid off now but it shouldn't be a reason for the new investors to invest on the coin as it might only be a trap.

And where have all these previously loyal FTX users gone? All these former loyal users are now trading on various exchanges that are not inferior to FTX in any way, but on which there is no stigma of fraud. But of course, there will definitely be those who suffer from nostalgia for FTX, but there will be few of them.

Nah,  I’m staying far away from this!
I'd rather eat my shit than put 1$ into this, after so many ruined and ended lives.
Even though the price going up and it just gonna short lived.

well if it's just in regard of the price of the token or coin rising, then even luna is rising too, but i'd do the same refraining from using this exchange service seems makes more sense to me.
after all there's no telling what they already planned.

the price is not much different from when FTX was born, it's just that at the beginning of FTX in 2019 the price was still above $ 1,
but now the FTT price is $ 0.9, in my opinion this has great potential to achieve high profits when FTX 2.0 is launched,
moreover 2024 also coincides with halving so there is a big possibility for FTT above $10 again.

I must confirm i dont understand people anymore. I mean cmmon. Why and where are they still even giving chance to trade FTT token. So messed up. How is this and Luna still worth anything. Kind of depressing people are still gambling on this trash.

the volatility motivates many to get some quick profits out of it.
if you see the movement of these tokens that you mentioned they just like shitcoin, but with relatively high liquidity, moreover, market capitalisation is still quite high despite unlike its former capital in the past, it's just heavily being used for speculation.

Good news for all ftt investor. But the trust will never comming back like before it crash. It will make people think twice before put their money there. And to gain trust is not easy. After 3 years maybe people will start forgeting it like many scam project out there include new comers who realy does not know ftt accident.

From our history books, I don't recall of such an occurrence were an exchange that has been hacked (allegedly hacked as in the case of FTX) closed shop and cameback to continue where they left off from... I wonder if they had some kind of market research to know if the environment is conducive for a comeback.

Besides, people have moved on and wouldn't want to be inconvenienced as they did...and like they say,"once beaten, twice shy!" No one wants lightening to strike at the spot as you will have yourself to blame when exchange
gets hacked this time without an April fools prank .

And the fact that their reputation has moved from good to bad, they will have to pump in a lot of money that will make them look convincing for their old clients to comeback and help them return their name..not impossible  but they can start from somewhere.

Who will again take risk on this coin when ones it sunk the money of thousands people. Trust is like glass and break down very quickly and it's almost impossible to make trust after hated by many people. FTT coins was considered top coins before bankrupt. This is the reason the marketcap cap was very high and regret for those who invested big in this coins. I think it's not easy for FTX to restart exchange and even they start FTT token recovery is not guaranteed.

if the FTX user's funds are safe then the user will definitely come back,
because before the bankruptcy FTX was one of the better exchanges in my opinion after Binance,
so nothing is impossible if FTX 2.0 will pay old users to the exchange platform again.

that's true, reimbursement of the losses of their past users should be their very first concern, i can't sweat about the fact that there's always chance that this platform will just repeat the history.
but if they reimburse the users that have lost due to their action, at least no one is losing.

well usually if the platform is a bit fishy like this FTX 2.0 then i'm sure the traders would definitely only use that platform temporarily and then move over their funds in more legitimate exchange, no need to hold money in that suspicious exchange for the sake of not repeating the history of losing money again.

Then you shall complaint to those stupid exchange sites why are they still trading FTT token at this moment? The exchange site will always be the main gateway for the tokens to be traded and as long as the exchange sites are still opening the gate to the token and it will always accessible for anyone. I know that if it's hard to accept a token owned by bankrupt company is still exist but that's reality. it's hard to accept it.

it just makes me wonder if it still gonna be given another chance by the victims of this platform. since it logically doesn't make sense, there are other exchange out there that are just better than this one, but considering their ftt was kept increase at these kind of news, I guess there are many that so hellbent on trying to give this platform second chance.

Once trust is broken then there's no way on taking it back and this is why if they would decide to have that relaunching or comeback then there might be still some users but most of them flock away and would find another place for them to trade or put up their money or simply trade. It is really just that there are people who are really that a fan on putting up their assets on exchange which it isnt really that something
recommendable if we do speak about security or assurance even if you do put up on the most trusted exchange like Binance, there's no guarantee for this thing for it not to happen.
Put up only the amounts which you do seem that it would really be that you could afford to lose.

FTT or whatever exchangers which does have plans on comeback after some big issues or incident which would break up that trust, then there's no way that it would be given
back no matter how many times they would rebrand their name but if the management would be still the same then it would be still useless.

Although FTX Asset has returned $7.3 billion, however, if the owner and the FTx team are still the same person then it will be difficult to regain the trust of investors, because the scammers are still scams.
While Cryptocurrency has a lot of good CEX exchanges, so if there is one good, why choose the bad one.

Trust will be difficult to achieve again, especially about an exchange where users save assets with the thought that it will be safe and it will end up being a scam,
and of course if you want trust to come back then FTX must also try, but their plan is pretty good because they are trying to get up again .

I completely agree with your thoughts on the issue of FTX Asset returning $7.3 billion. Even though the money has been refunded, this still makes users confused and lose confidence in the FTX exchange. When there is any doubt about a cryptocurrency exchange, users should thoroughly research the exchange before deciding to trade on it.

As for choosing a good CEX exchange, it depends on various factors such as safety, convenience, liquidity, transaction fees and more. Cryptocurrency users need to actively investigate and evaluate an exchange before deciding which one to trade with. Thorough research helps users reduce risks and ensure safe and effective transactions.

I'm an FTX user and luckily I don't have any assets there, I don't know if they compensate those who have funds stuck there,
if they have handled the problem then user trust in FTX might be able to return,
yes it's just that for FTT it will take a long time but investors can rest easy if FTX can rise again.

Trust me this will be short lived, no one in their right mind would ever use a exchange like that again. Even if its under a new flag and new staff there is no shot. They will probably also have higher fees to ear back money.

We never know what will happen to the FTX exchange if they restart and change to FTX2.0,
but I think it's a good effort because they proved they can escape bankruptcy
if you are not a FTX user maybe you can buy FTT tokens because it will be a good chance to get quick profit.