FTX Drama and Global Empact

[Lubang Bawah]

If this stat is for real then maybe FTX.US is really safe. Which also means FTX only stole from other countries and the money of celebrities promoting them wasn't really stolen?

SBF is okay to steal money from someone else money outside the US so he isn't going to jail and are free to speak to the public. Nice touch. And because of this, SEC Gensler now wants to have control overseas.

And if FTX.US is going to be fine, what that would mean for FTT token? There actually could be some sort of recovery at some point after people aren't afraid that it will go to zero. But that could take time and i am uncertain if. Although i don't personally think that FTT has enough demand whene its utility is only related to FTX ecosystem.

FTT and FTX is certainly a difficult thing to be separated, FTX is the largest FTT stock owner so that it makes investors will be afraid for FTT investors, especially since FTX has officially registered bankruptcy in court so that if FTT can rise 10x from now then people will sell and no one buys.

[Wong Goblog]

FTX certainly gives deep wounds for investors, more than $ 5 billion assets missing and make the FTX case in the largest scam category in 2022, many dramas that occur as in several SBF interviews seem to feel innocent and do not know where the investor's assets are.

[boltz]

I don't think this kind of BIG SCAMS will ever end when it comes to exchanges and the worst part is that they seem that all are getting away without jail which is INSANE! There are a lot of scammers who should rot in prison for a lot of years and yet they are walking so free and calm. FTX is no excuse from the rest of the crypto scams and I do hope at least this time , we will see someone put in jail as so many people lost their money...so many..

[Smartprofit]

This is a big blow to crypto community with the countries on this list and how much loses made. I hope the government won't begin a difficult regime that will affect exchange operations in their jurisdiction to protect their citizens. I'm sure Nigerians deal more with binance which is why it is not on the top list.

Satoshi Nakamoto created Bitcoin precisely because he understood that centralized financial systems are very dangerous for their users.  

The head of the cryptocurrency exchange FTX turned out to be a dishonorable and frivolous person who deprived many people of their money.  It is possible that the head of the Binance exchange also contributed to the collapse of the FTX cryptocurrency exchange.  

These financial structures previously cooperated, but subsequently became competitors.  

However, it should be noted that both Binance and FTX are very far from the ideals of Satoshi Nakamoto.  Satoshi Nakamoto believed that in finance the human factor should be minimal.  That is why he created the first cryptocurrency - Bitcoin.

[Inwestour]

I don't think this kind of BIG SCAMS will ever end when it comes to exchanges and the worst part is that they seem that all are getting away without jail which is INSANE! There are a lot of scammers who should rot in prison for a lot of years and yet they are walking so free and calm. FTX is no excuse from the rest of the crypto scams and I do hope at least this time , we will see someone put in jail as so many people lost their money...so many..

They must be responsible for their actions, but very often everything happens wrong. Sam Bankman-Fried sits on Bagams in his mansion, this is not right. He held some negotiations with local regulators, when it became clear that everything was bad, he made some translations according to their instructions, it's dirty games to save their ass, such people should sit in prison.

[Outhue]

I don't think this kind of BIG SCAMS will ever end when it comes to exchanges and the worst part is that they seem that all are getting away without jail which is INSANE! There are a lot of scammers who should rot in prison for a lot of years and yet they are walking so free and calm. FTX is no excuse from the rest of the crypto scams and I do hope at least this time , we will see someone put in jail as so many people lost their money...so many..

This shows that they are above the law and the only way to be above the law is if the government is benefiting from the crypto companies, if Sam is just ordinary being he should be in jail already.

There is more than meet the eye in this FTX scandal, it's way bigger than we all imagined.

[Paul Pogba]

FTX is very confiscating and tiring, we as investors are of course very sorry when saving assets in FTX, back when it was still called Liquid I really liked trading because there were lots of good and promising altcoins for daily trading, we'll wait to see if FTX will end well or badly.

[RockBell]

We place a lot of trust in centralized exchanges, especially when it comes to investing in alternative currencies, but FTX serves as a strong reminder never to leave your money in them. If you want to thrive in cryptocurrency, avoid alt coins and invest in more promising coins like bitcoin. It will be one of the best decisions most people won't still listen. After the FTX collapse and Luna, many people lost a lot of good money.

[harapan]

FTX caused people alot and got a lot of people traumatized but it would be considered little the global effects we'll see coming from Binance.

Without going full self custody and using exchnages has killed the dreams of Satoshi Nakamoto which main purpose was to carry out full  custody to a single user.

The market should be headed for a big dump, Bitcoin may loose it's value down to $10,000 if such occurs.

[Sayeds56]

I don't think this kind of BIG SCAMS will ever end when it comes to exchanges and the worst part is that they seem that all are getting away without jail which is INSANE! There are a lot of scammers who should rot in prison for a lot of years and yet they are walking so free and calm. FTX is no excuse from the rest of the crypto scams and I do hope at least this time , we will see someone put in jail as so many people lost their money...so many..

You are absolutely right, such big scams will continue wounding the market but FTX and LUNA wounds will not heal so soon, they will continue bleeding unless governments come up with strict regulations to stop such incidents before they happen. Investors have lost confidence in centralized exchange and  it can't be restored unless  people responsible for such huge scams are trialed and sent to jail.

[Joshapat]

I hope FTX won't happen again and when there are indications of exchanges manipulating it, it will be known before declaring bankruptcy, and if we pay attention to trends in the market, it is indeed not too affected by FTX developments, momentary panic is common and slowly the market will stabilize again, and things this makes me optimistic that this year's market could reach $20k.

[Renampun]

FTX is very confiscating and tiring, we as investors are of course very sorry when saving assets in FTX, back when it was still called Liquid I really liked trading because there were lots of good and promising altcoins for daily trading, we'll wait to see if FTX will end well or badly.

I admit that, I am also interested in trading on FTX because there are many advantages (such as cheap fees and complete altcoins listed there) that can be obtained there compared to other exchanges. but damn it's all just a trick of FTX to get liquidation from the user so he can invest the user's money in other projects. now SBF has been arrested, we'll see the developments about him.

I hope FTX won't happen again and when there are indications of exchanges manipulating it, it will be known before declaring bankruptcy, and if we pay attention to trends in the market, it is indeed not too affected by FTX developments, momentary panic is common and slowly the market will stabilize again, and things this makes me optimistic that this year's market could reach $20k.

I think it's quite difficult to detect what happened to FTX because they can lock up users' liquidity funds at any time. it is better not to keep funds in CEX, no compromise. btw, let's hope the bitcoin price hits $20k by the end of this year.

[harapan]

I hope FTX won't happen again and when there are indications of exchanges manipulating it, it will be known before declaring bankruptcy, and if we pay attention to trends in the market, it is indeed not too affected by FTX developments, momentary panic is common and slowly the market will stabilize again, and things this makes me optimistic that this year's market could reach $20k.

FTX will or may never get to the top again I meant at this level they occupied being the second highest exchnage in the world

The lesson's should be properly learned and shared among other both friends. I have read Binance will be filled with charges and they have denied such has never or will never happen by the Us the was same ways used by FTX before they finally freezed all of the funds.

We talk about FTX imagine what will happen when Binance gets bankrupt and what effects it will bring on the crypto industry. People saying crypto is not good are moron, they should know the fall of an exchange is not for Bitcoin

[erep]

You are absolutely right, such big scams will continue wounding the market but FTX and LUNA wounds will not heal so soon, they will continue bleeding unless governments come up with strict regulations to stop such incidents before they happen. Investors have lost confidence in centralized exchange and  it can't be restored unless  people responsible for such huge scams are trialed and sent to jail.

The market factor will improve if Do Kwon and SBF have been arrested and jailed, news is that SBF has been arrested but I don't know how Do Kwon is currently without arrest attempts because he is very active on his twitter account to create statuses and respond to comments, I wonder why the police didn't catch it right away. FTX and Luna are the culprits behind the breakdown of the crypto market so it will take time to restore it because investor confidence in exchanges has decreased and actually from the start they only kept assets in personal wallets rather than exchanges.

[coupable]

I hope FTX won't happen again and when there are indications of exchanges manipulating it, it will be known before declaring bankruptcy, and if we pay attention to trends in the market, it is indeed not too affected by FTX developments, momentary panic is common and slowly the market will stabilize again, and things this makes me optimistic that this year's market could reach $20k.

You are very optimistic, my friend. What happened with this platform is not new and the history of crypto is full of similar cases. The only difference in this case is the huge platform and the trading volume on it. Users number in the thousands and the fallout was so loud that the project team can be considered victims of their own failure and poor level of management of the platform.
What happened recently shows everyone that any system has loopholes and the possibility of its fall may be as imminent as it seems impossible.

[iv4n]

You are absolutely right, such big scams will continue wounding the market but FTX and LUNA wounds will not heal so soon, they will continue bleeding unless governments come up with strict regulations to stop such incidents before they happen. Investors have lost confidence in centralized exchange and  it can't be restored unless  people responsible for such huge scams are trialed and sent to jail.

The market factor will improve if Do Kwon and SBF have been arrested and jailed, news is that SBF has been arrested but I don't know how Do Kwon is currently without arrest attempts because he is very active on his twitter account to create statuses and respond to comments, I wonder why the police didn't catch it right away. FTX and Luna are the culprits behind the breakdown of the crypto market so it will take time to restore it because investor confidence in exchanges has decreased and actually from the start they only kept assets in personal wallets rather than exchanges.

Do Kwon is hiding in my country, Serbia... to the latest news. From Dubai (where are his offices) to Serbia, direct flight. News reporters tried to verify this by asking government officials, but until now they didn't get any answers. In a corrupt country like mine, he can hide for some time, but if some "higher forces" intervene (like the US) he will be extracted! Of course, if he stays here...

SBF is arrested and maybe this FTX story will get some closure. I know many got hurt by this, but far away that we all suffered... I didn't use FTX! I guess this is just another reminder (and we have a few in the past as well, big ones and many little ones), don't trust third-party service with all your money!

[Ryu_Ar1]

I hope FTX won't happen again and when there are indications of exchanges manipulating it, it will be known before declaring bankruptcy, and if we pay attention to trends in the market, it is indeed not too affected by FTX developments, momentary panic is common and slowly the market will stabilize again, and things this makes me optimistic that this year's market could reach $20k.

FTX will or may never get to the top again I meant at this level they occupied being the second highest exchnage in the world

The lesson's should be properly learned and shared among other both friends. I have read Binance will be filled with charges and they have denied such has never or will never happen by the Us the was same ways used by FTX before they finally freezed all of the funds.

We talk about FTX imagine what will happen when Binance gets bankrupt and what effects it will bring on the crypto industry. People saying crypto is not good are moron, they should know the fall of an exchange is not for Bitcoin

It depends on the manager who will continue but to be honest I am quite skeptical of them because indeed with the current events and the impact of course this will be very influential especially as far as what I see at this time is about reputation.
It is very difficult to restore a destroyed Reputation and of course this will pay off eventually and even I personally would not touch that exchange again as long as their reputation is not recovered and I doubt it will even recover.

[jostorres]

FTX is very confiscating and tiring, we as investors are of course very sorry when saving assets in FTX, back when it was still called Liquid I really liked trading because there were lots of good and promising altcoins for daily trading, we'll wait to see if FTX will end well or badly.

I admit that, I am also interested in trading on FTX because there are many advantages (such as cheap fees and complete altcoins listed there) that can be obtained there compared to other exchanges. but damn it's all just a trick of FTX to get liquidation from the user so he can invest the user's money in other projects. now SBF has been arrested, we'll see the developments about him.

I am assuming that if you know what you are doing then you wouldn't even need to get any type of trading fee to profit neither. It would be amazing if you could, after all we are talking about a huge income possibility, but you could just minimize it, whatever is lowest, 0.001% or something and that is enough.

The real way to make money is to take out loans against the funds you have, you do not have to use that fund, that's users fund, but you can show that as capital, and tell people you have funds, and then take out a huge loan, and considering the inflation you would make a huge amount of profit without a doubt using that loan, and buy whatever you want and you will be rich.

[erep]

Do Kwon is hiding in my country, Serbia... to the latest news. From Dubai (where are his offices) to Serbia, direct flight. News reporters tried to verify this by asking government officials, but until now they didn't get any answers. In a corrupt country like mine, he can hide for some time, but if some "higher forces" intervene (like the US) he will be extracted! Of course, if he stays here...

His hiding place has been traced and even his position has been identified but we have to give the government an opportunity to collect detailed case review data so that his status is leveled up to the wanted list, his escape will not take long and he will have bad luck like the news of SBF's arrest. Even though they will be arrested but we expect fair punishment for the perpetrators without any relief because many people have suffered losses due to their crimes.

[Joshapat]

SBF uses investors' money for fun and buys luxury properties, this is a fatal mistake that makes investors cry, so far he only plays consumer money, now FTX has officially filed for bankruptcy, and I think the police must act legally, this is not a healthy business but you can say that he is a criminal.