What are the chances of FTX raising funds...

[CageMabok]

Until now there has been no official news that the collection will be used by FTX, I also hear the news that Binance also prepared $ 2 billion to help FTX, although this looks difficult but we really hope that FTX can recover, making the market rise immediately. But I'm sure they will think again to save FTX which already have a bad reputation.

What makes the market go up or has more price increases for all cryptocurrencies in the market is not FTX. Because in the past I saw that the increase in prices that occurred in cryptocurrencies was due to so many buyers and investors coming into the market that there was very little relationship with the exchange. But for now, where investors have started to withdraw from the exchange due to the FTX case, market conditions will not only improve when FTX can be recovered in any way.

[Jating]

FTX has officially registered bankruptcy and the court provides time to find investors or sponsors who will finance FTX, of course it is not easy to find investors who need at least $ 5 billion, they prefer to build new projects rather than having to finance FTX which will be difficult to get a second life.

$5 billion dollars is a pretty big number. In fact, many previously developed projects never found investors until as much as $5 billion was raised. This is something that is difficult for FTX to overcome. Maybe the solution is for them to transfer the ownership status of the company to another party. If this method is carried out, of course many people will be willing to offer their company. But if they are waiting for new investors under the pretext of profit sharing, investors feel unsure, or doubt the sustainability of the FTX company.

but there are ready to give billions in aids like justin sun as per this article . also from OKX and Tether group, claiming to have raised $1B each from these companies. so he has already $3B, don't know now the current status of their raising funds. if they can raise $3B from just 3 companies, they would surely get the remaining from other small investors.

Until now there has been no official news that the collection will be used by FTX, I also hear the news that Binance also prepared $ 2 billion to help FTX, although this looks difficult but we really hope that FTX can recover, making the market rise immediately. But I'm sure they will think again to save FTX which already have a bad reputation.

Binance is out of the picture already, they are not willing to help FTX because it will be a disaster for them.

US congress is now looking to have a hearing from the man himself, SBF but it seems that he doesn't want to cooperate and says that he will do it if he has all the data in front of him. Not sure if this will sit well with the congressman because he seems to be defiant and well connected to those politicians as high as the US president because he is a huge donor of him.

[Fara Chan]

What makes the market go up or has more price increases for all cryptocurrencies in the market is not FTX. Because in the past I saw that the increase in prices that occurred in cryptocurrencies was due to so many buyers and investors coming into the market that there was very little relationship with the exchange. But for now, where investors have started to withdraw from the exchange due to the FTX case, market conditions will not only improve when FTX can be recovered in any way.

I also don't see it being fully influenced by exchanges, let alone only dealing with one problematic exchange such as FTX, generally there is an increase in the market due to investors and buyers entering the market.

And it seems difficult for FTX to restore people's trust, let's assume they intend to take responsibility for returning user funds, but the problem is whether this can be trusted?
The death of FTX is becoming more and more obvious and finding a seat point for a centralized exchange, thus forcing people to no longer believe in any centralized exchange going forward.

[ginsan]

Binance is out of the picture already, they are not willing to help FTX because it will be a disaster for them.

US congress is now looking to have a hearing from the man himself, SBF but it seems that he doesn't want to cooperate and says that he will do it if he has all the data in front of him. Not sure if this will sit well with the congressman because he seems to be defiant and well connected to those politicians as high as the US president because he is a huge donor of him.

Binance is out and it's a good choice for them considering what happened to Ftx was so detrimental to the crypto industry that it shouldn't be a pity for other project teams to raise money for Ftx. The Ftx congress has a lot going on because it has a direction that can be played in the congress, in other words, he has the opportunity to say unexpected things to release all the accusations that point at him.

I saw the SBF, he showed several influential people for the congress even in one article I read the US congress will investigate the chairman of the Sec related to Ftx https://cryptroll.id/kongres-as-minta-ketua-sec-diperiksa-terkait-ftx/