After FTX collapse, some call for a return to decentralized roots

[s.tanishka]

I see that if FTX has been returing 7 billions worth of money to be credited to the its investors again who have lost money due to the collaps of FTX under SBF.  There is a plan to recover FTX again as there are so many investors are interesting to help in recovering this company again.

FTT price soars again.

Yes. FTX begins discussions to relaunch its international exchange. Reversal mission I think. it's like an old wound treated but the scar is still visible. really smart people have a lot of sense. I don't know if it works or not but if it works I'm sure like you said many more stories will be born. hope it doesn't happen again.

There was already such news a few months ago and then the price of FTT token increased a lot. But in the end it all turned out to be just talk and no action happened. This time it might be the same, they gave us the news and made a small FTT pump but in the end we might not see any action.

[1715484724]

1715484724

[1715484724]

1715484724

[1715484724]

1715484724

[Marvinnous]

It seems to me that it is a simple way how it usually works. All the coin inventors try to pump it using hype news. It's one of the ways how to collect peoples' attention to the coins and nothing else. But sometimes it also works positive.

[Kavelj22]

I see that if FTX has been returing 7 billions worth of money to be credited to the its investors again who have lost money due to the collaps of FTX under SBF.  There is a plan to recover FTX again as there are so many investors are interesting to help in recovering this company again.

FTT price soars again.

Yes. FTX begins discussions to relaunch its international exchange. Reversal mission I think. it's like an old wound treated but the scar is still visible. really smart people have a lot of sense. I don't know if it works or not but if it works I'm sure like you said many more stories will be born. hope it doesn't happen again.

There was already such news a few months ago and then the price of FTT token increased a lot. But in the end it all turned out to be just talk and no action happened. This time it might be the same, they gave us the news and made a small FTT pump but in the end we might not see any action.

What you considered mere talk has really raised the price, and there are those who certainly achieved benefits from it. The most important question, in my opinion, is who really benefits from this.

I have believed since the fall of the FTX stock exchange that those affected by the fall are the ones who kept their investment currencies on the platform and as a result of these losses they will try to revive the group's enthusiasm for the platform even in the form of fake news.
Those affected are also the trading platforms that were listing the FTT currency and lost after the currency's value fell after the stock market collapsed.

I never see it wise to renew confidence in the collapsed platforms, nor in the work team that was working on them, and perhaps it is better to think about developing new projects and investors to invest in other more efficient projects.

[s.tanishka]

This is definitely the work of a manipulator. They have a lot of FTX tokens left that they didn't have time to sell before the collapse of FTX. Now they need to make a profit, and for that they create such news.

[Marvinnous]

That's a miracle for me how does the market work. Is everything connected to investments and hype only? I have some of my freelance paid in crypto, but I never knew how to deal with it. Just withdrawing some when needed. Maybe if I'll learn more, I could also earn on it.

[s.tanishka]

Guys be careful! Now there are scammers who send you a letter on behalf of FTX. You send them your information and they can use it. So check the information!

[vv181]

Guys be careful! Now there are scammers who send you a letter on behalf of FTX. You send them your information and they can use it. So check the information!

Can you share more information? Like where you got the letter and the sender information(account, email, or anything)? It would be good if you disclose the information.

A legitimate piece of information that came from official sources is that they incorporate PwC and Kroll to help their bankruptcies processes. So if anyone got an email mentioning FTX's cases from both of these companies, it is very likely it is not a scamp attempt. Personally, I have received 3 emails from them, consisting of 2 from Kroll, and 1 from PwC.

If anyone wondering where is the sources are, you can simply search around or take a look at https://twitter.com/FTX_Official/status/1593317347703590915 and https://decrypt.co/114671/big-4-accounting-firm-pwc-approved-as-joint-provisional-ftx-liquidators.

[timoshani]

It seems to me that it is a simple way how it usually works. All the coin inventors try to pump it using hype news. It's one of the ways how to collect peoples' attention to the coins and nothing else. But sometimes it also works positive.

Yes, it can really have a positive look. But it is especially strange when poorcoins have such success. What can the right advertising and the right hype do.)

[Marvinnous]

It seems to me that it is a simple way how it usually works. All the coin inventors try to pump it using hype news. It's one of the ways how to collect peoples' attention to the coins and nothing else. But sometimes it also works positive.

Yes, it can really have a positive look. But it is especially strange when poorcoins have such success. What can the right advertising and the right hype do.)

Exactly, nowadays with a good marketing team and enough money you can promote anything in the world. And no one will ever know if that's scam or not. And it makes me really nervous There were good looking coins already where people lost all their money.

[s.tanishka]

Guys be careful! Now there are scammers who send you a letter on behalf of FTX. You send them your information and they can use it. So check the information!

Can you share more information? Like where you got the letter and the sender information(account, email, or anything)? It would be good if you disclose the information.

A legitimate piece of information that came from official sources is that they incorporate PwC and Kroll to help their bankruptcies processes. So if anyone got an email mentioning FTX's cases from both of these companies, it is very likely it is not a scamp attempt. Personally, I have received 3 emails from them, consisting of 2 from Kroll, and 1 from PwC.

If anyone wondering where is the sources are, you can simply search around or take a look at https://twitter.com/FTX_Official/status/1593317347703590915 and https://decrypt.co/114671/big-4-accounting-firm-pwc-approved-as-joint-provisional-ftx-liquidators.

A couple months ago a very large number of people received a mailing. In the end, FTX representatives had to deny their involvement in this mailing because hundreds of thousands of people received it. And still some people are still receiving these emails.

[vv181]

Guys be careful! Now there are scammers who send you a letter on behalf of FTX. You send them your information and they can use it. So check the information!

Can you share more information? Like where you got the letter and the sender information(account, email, or anything)? It would be good if you disclose the information.

A legitimate piece of information that came from official sources is that they incorporate PwC and Kroll to help their bankruptcies processes. So if anyone got an email mentioning FTX's cases from both of these companies, it is very likely it is not a scamp attempt. Personally, I have received 3 emails from them, consisting of 2 from Kroll, and 1 from PwC.

If anyone wondering where is the sources are, you can simply search around or take a look at https://twitter.com/FTX_Official/status/1593317347703590915 and https://decrypt.co/114671/big-4-accounting-firm-pwc-approved-as-joint-provisional-ftx-liquidators.

A couple months ago a very large number of people received a mailing. In the end, FTX representatives had to deny their involvement in this mailing because hundreds of thousands of people received it. And still some people are still receiving these emails.

I see. It is expected that scammers try to spoil the FTX bankruptcy processes. They take advantage of legitimate information for their own scam purpose. Certainly a deceitful attempt to mislead any cryptocurrency users, and it is not specifically tied to FTX users, since I believe they got the email from any leaked database. So many cryptocurrency users who have ever been got their email leaked are likely to receive the mail.

As I have been said, they partnered up with PwC and Kroll, which means any sender from those emails is very likely a legitimate mail. For example, I received an email from a sender with the domain of @restructuring.pwc.co.uk and @kroll.com.

[Marvinnous]

Maybe I'm a little off-topic, but have you heard that X-inspired coins pump and dump as Elon Musk revamps Twitter? Is that his another manipulation or it's just a coincidence? As people already got used to the fact that no matter what he does, it affects the market somehow..

[s.tanishka]

I'm more interested in what's up with the FTX 2.0 launch at this point. Will it remain news for price manipulation or will we still see the launch of the exchange?

[Marvinnous]

The success of any exchange launch relies on various factors, including regulatory compliance, technological readiness, and market conditions. Price manipulation accusations can create negative publicity and regulatory scrutiny, potentially delaying or altering the launch plans. However, responsible exchanges prioritize transparency and fair trading practices to gain trust and credibility within the crypto community.

[RiverBoy]

The FTX collapse make many people lost their assets in the cryptocurrency exchange in one way or the other, which most future trader's was liquidated on the position as the market bleed heavily. Base on that, keep your crypto exchange is not really safe because anything can happen at anytime, if FTX can collapse, which other crypto platform can do that one day, and for holding a coin is good to spread your asset for a better position.

[blockman]

The FTX collapse make many people lost their assets in the cryptocurrency exchange in one way or the other, which most future trader's was liquidated on the position as the market bleed heavily.

Actually, it's not just with the FTX collapse but also with other exchanges that have fallen.

Base on that, keep your crypto exchange is not really safe because anything can happen at anytime, if FTX can collapse, which other crypto platform can do that one day, and for holding a coin is good to spread your asset for a better position.

It's not advisable to keep your funds on exchanges. With FTX and other collapse, this gives the idea that we shouldn't be too confident trusting them our funds. If you're a regular user of an exchange and of course, it's no longer with FTX even if they have comeback as said in the news. You only need to deposit with the amount that you're fairly okay to lose with. But if you're an active daily trader, you know that everything can happen with your fund so, it's either you lose more or earn more. But never ever entrust them if you're thinking of keeping it in the long term.

[iv4n]

I'm more interested in what's up with the FTX 2.0 launch at this point. Will it remain news for price manipulation or will we still see the launch of the exchange?

Is Sam creating FTX 2.0? Now when he is free he can do whatever he wishes I guess, but it would be pretty crazy if people decide to follow him and use any kind of service where Sam is involved in any way.

Decentralized roots... what would that be? Most of us still use centralized exchanges for all sorts of reasons. Higher volumes, more markets, and options...

[$crypto$]

I'm more interested in what's up with the FTX 2.0 launch at this point. Will it remain news for price manipulation or will we still see the launch of the exchange?

Is Sam creating FTX 2.0? Now when he is free he can do whatever he wishes I guess, but it would be pretty crazy if people decide to follow him and use any kind of service where Sam is involved in any way.

The launch of FTX is back after recent news, FTX has confirmed its return to the market, but again I'm not sure if it will happen or not it would be crazy if FTX stood again on a crypto exchange.

Source from Watcher.guru.

Also recently associated with the rugpull BALD token? There was involvement with Alameda team or its ally SBF but on twitter it became a hot topic after they removed its liquidity in the DEX market.

[justdimin]

It is expected that scammers try to spoil the FTX bankruptcy processes. They take advantage of legitimate information for their own scam purpose. Certainly a deceitful attempt to mislead any cryptocurrency users, and it is not specifically tied to FTX users, since I believe they got the email from any leaked database. So many cryptocurrency users who have ever been got their email leaked are likely to receive the mail.

As I have been said, they partnered up with PwC and Kroll, which means any sender from those emails is very likely a legitimate mail. For example, I received an email from a sender with the domain of @restructuring.pwc.co.uk and @kroll.com.

The fact that people could still do this is beyond understandable. Anyone who got scammed and then got scammed about being scammed should reconsider their life choices to begin with. I am not here to victim shame anyone, they lost their money and then they lost money about a thing regarding they lost money. But that doesn't change the fact that we are talking about something incredibly obvious and nobody should have fallen for that.

I understand the FTX situation, you may not see that coming and that's fully understandable, but if people send you fake mails and you go for that and lose money again, then I am sorry but you are going to end up getting scammed more in the future as well, that's just how it is for sure.

[Tipstar]

As questions swirl about how much cryptocurrencies will be worth in the wake of the spectacular collapse of the crypto exchange FTX and other major platforms, a key question has emerged: Who will keep your crypto safe?

In response, some in the crypto community are calling for a return to its decentralized roots.

Among the rallying cries of this latent movement: “Not your keys, not your coins.”

In other words: Trust only yourself.

But doing so requires individuals to maintain their own cryptocurrency wallets through a more complicated — if safer — process that involves generating complex passwords and sometimes buying physical hardware to keep track of crypto, as opposed to entrusting it to an exchange.

"A company like FTX was supposed to hold your assets, but they ended up lending them out," Tracy Wang, deputy managing editor at the crypto news site CoinDesk, told NBC News.

That concept is what undergirds the traditional monetary system and seems to go against the fundamental philosophy of cryptocurrency.

"This is like taking power back and being in charge of your own money," Wang said of decentralization.

So does that mean that Utopia P2P had chosen the right way from the very beginning, being based on its own decentralized blockchain and having own Crypton privacy coin? As for the 5 years of existence it didn't face any data leakage or scamming scandal. Or what else would you offer to pay attention to?

Decentralized blockchain, servers or applications themselves are not full proof from scams and frauds. We have seen a lot of rug pulls and even in those that has proven codes, there could be a loophole still not public that could lead to loss of a large amount of money on a single mistake. And there are ever rising phising and malware attacks on user level. Alternatively, centralized exchanges when they are legit to their words have multiple layers of security in case a or few of them are breached and the user funds are distributed to multiple multisig cold wallets than one.