TRUTH WILL ALWAYS SURFACE

[Mr.suevie]

Ftx drama
Its no new story again about what happened to ftx and how millions of investor lost their money due to what happened to ftx and this has caused so many problems in the crypto world and many new comers to the crypto have this wrong idea that bitcoin and all other coins is a scam project and if they put their money their going to loose. Before now i was part of this set of people that thought so, and never actually wanted to understand btc and crpto currency more, but since i got here i have learnt alot and i have done enough reading to know that ftx was actually an exchange platform which was dealing with centralized coins and toying with investor funds and one thing which is very clear is that any platform controlled by someone will eventually have some errors especially when it comes to crypto and that's why BTC IS THE BEST because its decentralized and not controlled by the government or any C.E.O

now some months have past and investigation are still going and insight are getting out on what really happened about the funds of investors in Fxt and today I saw some news about how FTX was lending money to another company and this money i supposed its the customer funds and now when they could no longer meet up with customers demand, they pin on their website been hacked or something else so its just a matter of time before we hear the whole truth about this Fxt saga



https://news.bitcoin.com/caroline-ellisons-testimony-claims-ftx-boss-sbf-directed-her-to-co-mingle-customer-funds-since-2019/
 
I read the rules of the forum and its say you add a link to your story so i hope i did well.

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[fennic]

Ftx drama
Its no new story again about what happened to ftx and how millions of investor lost their money due to what happened to ftx and this has caused so many problems in the crypto world and many new comers to the crypto have this wrong idea that bitcoin and all other coins is a scam project and if they put their money their going to loose. Before now i was part of this set of people that thought so, and never actually wanted to understand btc and crpto currency more, but since i got here i have learnt alot and i have done enough reading to know that ftx was actually an exchange platform which was dealing with centralized coins and toying with investor funds and one thing which is very clear is that any platform controlled by someone will eventually have some errors especially when it comes to crypto and that's why BTC IS THE BEST because its decentralized and not controlled by the government or any C.E.O

now some months have past and investigation are still going and insight are getting out on what really happened about the funds of investors in Fxt and today I saw some news about how FTX was lending money to another company and this money i supposed its the customer funds and now when they could no longer meet up with customers demand, they pin on their website been hacked or something else so its just a matter of time before we hear the whole truth about this Fxt saga



https://news.bitcoin.com/caroline-ellisons-testimony-claims-ftx-boss-sbf-directed-her-to-co-mingle-customer-funds-since-2019/
 
I read the rules of the forum and its say you add a link to your story so i hope i did well.

This is bear market and FTX Drama was really big and that was total Disaster and I cannot believe that Billions of Dollars have been gone and they only gone to the main players of the game and they made such huge and better fortune from the Blood of People.
FTX made people fool for many years and that's why for some time I was also believing on FTX.
I can See that Money is always king and Now SBF has been bailed Out for 250 Million Dollars and that's biggest Bail fee we have ever seen in the world.

[pooya87]

many new comers to the crypto have this wrong idea that [...] all other coins is a scam project

Majority of altcoins are scam projects specially among the top 10 coins that had gotten too pumped because of the centralized authorities behind them with deep pockets.

In any case this is not a new thing for people to see FUD in the media and negatively judge bitcoin. These days they see the energy FUD and call bitcoin "wasteful", some years ago (pre 2013) they saw all the Silk Road drama and called bitcoin "drug dealer money", and a lot more.
Seeing how centralized and scamy altcoins are or how risky centralized exchanges are and how they scam people is not new either. The media is also on the side of FUD which makes it very hard to counter it.

[Upgrade00]

many new comers to the crypto have this wrong idea that bitcoin and all other coins is a scam project and if they put their money their going to loose. Before now i was part of this set of people that thought so, and never actually wanted to understand btc and crpto currency more,

If anyone is going to condemn a project to be a scam without actually understanding how it works and the network behind it, then they are better off not investing in it at all. Those same people would be the weak hands that would fomo in when the market is bulling and cut their losses when it turns bearish; complaining about how Bitcoin is dead and was a sham from the beginning.

FTX is just one of many cases of frauds and scams around the crypto space, which is not directly related to Bitcoin or its operations.
Knowledge is powerful in the investment and financial world. Arm yourself with it before considering any potential venture.

[Despairo]

i have done enough reading to know that ftx was actually an exchange platform which was dealing with centralized coins and toying with investor funds and one thing which is very clear is that any platform controlled by someone will eventually have some errors especially when it comes to crypto and that's why BTC IS THE BEST because its decentralized and not controlled by the government or any C.E.O

You're didn't understand anything here, did you think people who lose their money on FTX are holding altcoins only? you need to open your eyes many people lose their Bitcoin on FTX. Calling Bitcoin is decentralized currency and can't be controlled by anyone but you're hold your coins on centralized exchange are kills the purpose of decentralization!

Which mean you're need to avoid any centralized exchanges too, those exchanges are evil to kill Bitcoin. Just use Bisq to trade and hold it on your hardware wallet.

[CryptSafe]

Well like there is a saying that says " nothing is hidden beneath the sun" I know one day the truth behind the ftx saga will be revealed and the whole wide world would be updated with what really transpired to the crash of the ftx exchange. Many investors funds were all gone just within the snap of time. When I first heard of the ftx hack, I strongly believed this was as a result of carelessness and recklessness and not really a hack. Here we are now hearing according to OP  that the ftx hack was not really a hack but a fabricated story to cover up what really happened to investors funds. I would not be surprised court would grant him bail and he extradited to the US and there he would be granted bail. At the entire end, he will be free.

This ftx saga caused the Crypto and bitcoin market really bad. We pray no further actions as a result of this causes another issue again in the near future because it is long overdue.

[Helena Yu]

Although BTC is the best, but unfortunately many people are still leave their coins on centralized exchange. They need to hold it on their own non custodial wallet to prevent from loss due to vulnerability of centralized exchange.

[BitDane]

Ftx drama
Its no new story again about what happened to ftx and how millions of investor lost their money due to what happened to ftx and this has caused so many problems in the crypto world and many new comers to the crypto have this wrong idea that bitcoin and all other coins is a scam project and if they put their money their going to loose. Before now i was part of this set of people that thought so, and never actually wanted to understand btc and crpto currency more, but since i got here i have learnt alot and i have done enough reading to know that ftx was actually an exchange platform which was dealing with centralized coins and toying with investor funds and one thing which is very clear is that any platform controlled by someone will eventually have some errors especially when it comes to crypto and that's why BTC IS THE BEST because its decentralized and not controlled by the government or any C.E.O

Anything man created is prone to error.  BTC as man-mades is also not perfect, it is that the updates and upgrades of BTC is fully examined and tested to avoid errors and glitches.  Developers are also fast to release patches if they found some errors upon the release of update.  BTC and FTX are two different things so you shouldn't compare the two.  If you have to compare these two, it should be FTT and BTC.

now some months have past and investigation are still going and insight are getting out on what really happened about the funds of investors in Fxt and today I saw some news about how FTX was lending money to another company and this money i supposed its the customer funds and now when they could no longer meet up with customers demand, they pin on their website been hacked or something else so its just a matter of time before we hear the whole truth about this Fxt saga



https://news.bitcoin.com/caroline-ellisons-testimony-claims-ftx-boss-sbf-directed-her-to-co-mingle-customer-funds-since-2019/
 
I read the rules of the forum and its say you add a link to your story so i hope i did well.

It isn't news that FTX was lending money to another company, it is part of their service, the fault there was misappropriation of customers fund because they abuse their power by giving loan to Alameda, a known sister company owned by SBF half of the customer's fund.

[Rruchi man]

Ftx drama
Its no new story again about what happened to ftx and how millions of investor lost their money due to what happened to ftx and this has caused so many problems in the crypto world and many new comers to the crypto have this wrong idea that bitcoin and all other coins is a scam project and if they put their money their going to loose.

My first exposure to cryptocurrency and bitcoins was via a Ponzi scheme that crashed some weeks later after I joined and they got away with all our btc. My first experience was not good and was enough to discourage me not to follow this path, but here I am today,  an enthusiast about bitcoins who now know better. How did I know better, it was surely not from whining, complaining and wallowing in regrets, but because I was motivated to find out more from when I was scammed. This should be the attitude that people should adopt.

For those who lost money to FTX, it is in their place to find out and correct the errors they made that made them victims rather than calling the entirety of cryptocurrency a scam and then refusing to be a part of it, it is their loss.

[maikrothaman]

Ftx drama
Its no new story again about what happened to ftx and how millions of investor lost their money due to what happened to ftx and this has caused so many problems in the crypto world and many new comers to the crypto have this wrong idea that bitcoin and all other coins is a scam project and if they put their money their going to loose.

My first exposure to cryptocurrency and bitcoins was via a Ponzi scheme that crashed some weeks later after I joined and they got away with all our btc. My first experience was not good and was enough to discourage me not to follow this path, but here I am today,  an enthusiast about bitcoins who now know better. How did I know better, it was surely not from whining, complaining and wallowing in regrets, but because I was motivated to find out more from when I was scammed. This should be the attitude that people should adopt.

For those who lost money to FTX, it is in their place to find out and correct the errors they made that made them victims rather than calling the entirety of cryptocurrency a scam and then refusing to be a part of it, it is their loss.

Because they believe they will join the party too late, some people may never purchase bitcoin. Nobody likes arriving late to a party.

[Dave1]

Ftx drama
[..snip..]

I think we have seen the truth already, it was mismanagement from the very beginning, SBF and others thought that they are untouchable and they can do this practice for a long time and not being caught. Unfortunately, we all know that this kind of wrongdoings will not last that long and hopefully SBF and those responsible for losing people's money will go to jail.

[TungTresa]

FTX is not the first exchange to betray the trust of its customers, nor will it be the last. But through all of this, decentralized money and financial systems continue to survive and thrive, which could be a huge change for the world.