what is your lost from FTX collapse

[DanWalker]

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.

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.

[Dimitri94]

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.

[Silberman]

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.

[o48o]

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.

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.

[Golfler]

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.

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.

[Pigo Piou]

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"

Loss of trust in centralized platforms 😅

[len01]

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

[Bialke]

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.

[Bazzu]

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.

[GreatArkansas]

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.

[dwminer1]

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

[btc78]

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"

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.

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.

sad to hear that mate, that is big amount for small investors like me.

[Bananington]

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

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.

[Jaered]

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

[OgNasty]

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.

[Emperor of Man]

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. 

[LastKiss]

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"

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. 

[Oneandpure]

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.

[zasad@]

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."

[Chrlie95]

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