what is your lost from FTX collapse

[eightdots]

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"

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.

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.

[zasad@]

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.

[BigBos]

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

[Reid]

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.

[Silberman]

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.

[YuginKadoya]

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,

[Bobrox]

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.

[babygun]

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 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!

[blockman]

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.

[Baofeng]

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.

[trendcoin]

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"

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.

[eaLiTy]

~
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.

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.

[Orange89]

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

[Sayeds56]

$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.

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.  

[tvplus006]

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

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.

[Yogee]

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.

[bitgolden]

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,

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.

[Xxmodded]

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.  

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.

[yudi09]

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"

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.

[Silberman]

I was late selling FTX when the price was still expensive, which was above $ 20, at that time I was optimistic that FTX would recover because of Exchanges support that had a big reputation, unfortunately the price continued to fall and I lost and sold when the price of $ 5, and this was an important lesson that we had to Always observe developments in the market.

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.