FTX exchange is going to be bankrupted. What happens to FTX Token?

[Calm N Patience]

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

[tabas]

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted?

It's most likely going to get dumped by most investors and traders before it goes to have nothing in value. That's why if it's still tradable, they'll dump and sell it so at least they get a little portion of what they've bought from it. FTX has already is bankrupt already and its CEO resigned already and there's no hope for them anymore. I think that even CZ saw this happening and that's why he tried to help but it's not just enough even if he steps in with his helping hands.

Sad day for the crypto space.

Sad day for those people who invested heavily on this company and its token. Even if I'm not an investor of them, it's sad because it has impacted the whole market and wiped out billions from it.

[Calm N Patience]

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

[gunhell16]

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

FTX is still hot to talk about right now, in fact, as hot as coffee. If I look at this event, the movement of the price value that is happening on its chart is almost the same as what happened to LUNA on Binance on the exchange, probably a few days from now it will be below 0.01$ an FTT.

At first, I didn't think so, but when Binance posted on Twitter that they were going to dump FTT on their platform, I immediately thought that this is what they did to Luna when it was hot.

[Calm N Patience]

The exchange is melted down just now. Shit

[tabas]

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear that. They've been hacked just this day and the filing of bankruptcy really makes sense at all because the remaining funds that's assigned that's likely to pay for their customers, it's no longer there.
I've heard that some has been retrieved but I don't think that this is going to be enough to pay the millions of users that have trusted their funds onto them and sadly, you're one of those. It's a big lesson that everyone will learn from this incident.

[Minecache]

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Condolences when you are a victim of FTX again and it is not a small amount. FTT is the native token of FTX, once FTX goes bankrupt and ceases to exist, it means that no one will develop and use this FTT anymore, it will soon disappear on CMC.

Currently, FTX has only filed for Chapter 11 bankruptcy, which means there are 3 months left to negotiate with investors and partners to find a solution. If an agreement is reached or funded, the possibility of them coming back to life is still there, but the possibility is very low. There have been some cases of companies resurrecting after filing for bankruptcy but it has only happened with media companies, crypto companies have not had any cases yet.

[mindrust]

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

It will go down to toilet. Poo. Shit.

Back to its original worth, zero.

It didn't deserve to have any value in the first place. Is it a company share? Is it being used as a medium of exchange? Was it a store of value? (apparently not lol) So what good was it for anyway?

[Majestic-milf]

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear about that bro. But I think FTX would still be in operation, but on a low key level. The thing is Sam has filed for a chapter 11 bankruptcy protection, and although he has stepped down as CEO, he has been succeeded by John Ray lll.

 I think this action taken by him is a means for FTX Group to assess the situation and also maximize recoveries for stakeholders and investors alike.

[hugeblack]

Often that token will die calmly or will have a value in trading that values will be determined by trading levels on unknown or unknown platforms.
Those platforms will try to attract customers in order to buy or try to sell, and then they will not be able to withdraw their money or at least they will ask them for their personal data, or deposit money.

If you have any currencies and it is listed on a good platform, sell it now or keep it if you think the platform will get a "kiss of life" in a way or another.

[Blowon]

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear about that bro. But I think FTX would still be in operation, but on a low key level. The thing is Sam has filed for a chapter 11 bankruptcy protection, and although he has stepped down as CEO, he has been succeeded by John Ray lll.

 I think this action taken by him is a means for FTX Group to assess the situation and also maximize recoveries for stakeholders and investors alike.

ceo redirection but the information that I have at the moment there is a hack against FTX , it is very difficult to digest whether I should believe it or not
or is it just politics, there are still a lot of user funds stored in ftx accounts and cannot be withdrawn, very sorry for those who keep large amounts in FTX

[alik111]

Now Ftx token is in a critical situation.its dumping and dumping. Ftt token will dump more as the holders and investors will sell them very soon. My suggestion is to be alert about this token.

[tvplus006]

...Do any Crypto masters know what will happen to FTX Token?..

Given the fact that the FTX exchange has declared itself bankrupt, their FTT exchange token becomes unnecessary, since their main purpose is to present bonuses to their owners inside the exchange. Nevertheless, there are some traders who still believe in this token and buy FTT at a low price, hoping to get a profit.

[tbct_mt2]

Bankruptcy according to Chapter 11 means that company (FTX exchange) can go with reconstruct and reorganization of company operations. It does not mean FTX will vanish after that so there will be chances for them to come back.

However, trust is very important and with all the bad management, risk taking and lack of transparency, FTX already lost trust in investors and users. It is super hard for them to come back after the bankruptcy with Chapter 11.

Think positively, it won't go to very low price like LUNA because FTT does not have (and will not have ?) super hyper inflation by minting as same as LUNA.

[Calm N Patience]

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear that. They've been hacked just this day and the filing of bankruptcy really makes sense at all because the remaining funds that's assigned that's likely to pay for their customers, it's no longer there.
I've heard that some has been retrieved but I don't think that this is going to be enough to pay the millions of users that have trusted their funds onto them and sadly, you're one of those. It's a big lesson that everyone will learn from this incident.

Obviously, it's an inside job. They misused customers' funds and now they stole the last remnant of the customer's money.

[tbct_mt2]

If indeed FTX goes bankrupt, it will be a big disaster for the crypto world and you can be sure that the FTX token will no longer be valuable, because it is no longer used. Hopefully there is still a way to save it

I think the exchange will still exist but with another ownership. There will be a long procedure to take over FTX exchange after the bankruptcy. FTX token will be fine in aspect that it won't die and disappear.

I don't know what is the price of FTT token in its ICO, lowest price. Maybe we have to prepare for the bad when the token will fall to ICO price. I still positively think that the token won't be divided hundreds or thousands of times like Terra $LUNC.

At least Sam did more quickly response than Do Kwon and it reduces panic. More than that, there is no billions of FTT token minted from the air like LUNC token.

[Maidak]

If indeed FTX goes bankrupt, it will be a big disaster for the crypto world and you can be sure that the FTX token will no longer be valuable, because it is no longer used. Hopefully there is still a way to save it

I think the exchange will still exist but with another ownership. There will be a long procedure to take over FTX exchange after the bankruptcy. FTX token will be fine in aspect that it won't die and disappear.

I don't know what is the price of FTT token in its ICO, lowest price. Maybe we have to prepare for the bad when the token will fall to ICO price. I still positively think that the token won't be divided hundreds or thousands of times like Terra $LUNC.

At least Sam did more quickly response than Do Kwon and it reduces panic. More than that, there is no billions of FTT token minted from the air like LUNC token.

FTX just filed for bankruptcy, and they are not really bankrupt yet, the chance for FTX is still but very low. If someone agrees to buy back FTX, it means they have to pay off FTX's debt to be able to use FTX, otherwise it's gone forever. FTT is the native token of FTX, it will not exist if FTX is no more, no exchange accepts a useless token for circulation.

[diminizio]

there is no definite news about this FTX token. but I'm sure they'll be removed soon given the considerable FTX hacks. but we are uncertain whether FTX can cope with all this, even if they have to lose a lot of confidence will be able to account for these losses or they will be able to take responsibility for these losses.

[Teraboy]

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token?

Dead. I see other word that much more suitable for FTT rathan dead. FTT has become a useless token and this token was also a ponzi owned by sam and friends. The possible scenario to be the same like luna but i do remember that if FTT was not a native coin like luna and so this has more chance to be a dead token rather than luna caused by what? The community can't take over it.

Will it get delisted? Sad day for the crypto space.

I will/won't. There will always be dump exchange site who will always be actively making trading pair available but yeah that gonna have small liquidity as FTT holders already drained all of volume in the market other than FTX itself.

[coinerer]

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

FTX token has not been delisted from anywhere yet.  But its price has come down a lot and is constantly going down. Which may be valuless at some point like LUNA but it looks like it will not be delisted from any exchange.  As happened with LUNA. And is it now open for Binance Future trading as well.  Which is really incredible because many traders are making huge profits through Sell Short from here. I still don't know what to do with FTT in the coming days