FTX Exchange might be brought back online - Would you use it again?

[CoinEraser]

-snip- I'm still waiting for them because I have some of my satoshis locked there, and if I can withdraw my assets then I won't use FTX anymore because they already have a bad reputation and the possibility of collapsing for the second time is very big. -snip-

I think that's how most people will do it. They just want their coins back and once they have them they won't use FTX anymore. FTX's reputation is just shattered and I can't think of a way to get FTX's customer trust back. The days of FTX are simply over and that's just as well. 

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[mich]

Well it now seems there are plans for a new version of FTX 2.0. I do not think this will be a good idea for the exchange. There is so much bad things about it I do not think we can ever trust them again.

But the court filings shows they have plans for 2.0. I did never use it before and will not use it even if new launch has some perks with it.  https://coinscreed.com/court-filing-shows-ftx-2-0-reboot-plan-in-progress.html

[Taskford]

Well it now seems there are plans for a new version of FTX 2.0. I do not think this will be a good idea for the exchange. There is so much bad things about it I do not think we can ever trust them again.

But the court filings shows they have plans for 2.0. I did never use it before and will not use it even if new launch has some perks with it.  https://coinscreed.com/court-filing-shows-ftx-2-0-reboot-plan-in-progress.html

They think its good idea for them but for their victims its not really is. So if this plan to launch back again will happen for sure they will receive a heavy criticism since their case is so solid and I don't really think that there are still traders will trust them since they commit serious crime and many doesn't want to experience to lose their money again for second time around on a scam platform. Better to use other exchange rather than recycling a rigged platform.

[mich]

Well it now seems there are plans for a new version of FTX 2.0. I do not think this will be a good idea for the exchange. There is so much bad things about it I do not think we can ever trust them again.

But the court filings shows they have plans for 2.0. I did never use it before and will not use it even if new launch has some perks with it.  https://coinscreed.com/court-filing-shows-ftx-2-0-reboot-plan-in-progress.html

They think its good idea for them but for their victims its not really is. So if this plan to launch back again will happen for sure they will receive a heavy criticism since their case is so solid and I don't really think that there are still traders will trust them since they commit serious crime and many doesn't want to experience to lose their money again for second time around on a scam platform. Better to use other exchange rather than recycling a rigged platform.

Yes you are right about this. We have too many other choices no need to be the next victim from them.

[Rikafip]

So if this plan to launch back again will happen for sure they will receive a heavy criticism since their case is so solid and I don't really think that there are still traders will trust them since they commit serious crime and many doesn't want to experience to lose their money again for second time around on a scam platform.

Sure, there would be an outrage if FTX decided to come back, but you are very wrong if you think that they woulnd't have any customers willing to send them money again.

What you have to understand is that an average crypto :investor" has a memory of a goldfish, meaning he soon forgets eveyrthing bad that has happened in the past and continues with bad practices. Add on that the constant influx of new people that have no idea who/what FTX was and that's how you could get FTX 2.0.

[mich]

Well I will not trust FTX 2.0 when it does launch later on in the year. I still do think there is too many other ways for us to get our crypto instead of from a exchange that got into a lot of trouble. It is same reason I would not trust Mt Gox 2.0
But the new FTX 2.0 is going to protect its past customers. It was given permission to remove customers from court fillings to protect them from scammers. But I still think they are going to invest lots of funds in making a good image like it did before. 
https://cointelegraph.com/news/ftx-permission-permanently-redact-customer-names

[bbc.reporter]

It appears this rumor is becoming true hehehe, this only occurs in the cryptospace. An exchange created to scam from the beginning, restored and restructured to accept new customers but with a bad reputation. If this becomes a success, there might be something wrong with us.

Also, as a reminder, Sam Tabasco is somewhere on his yacht, sailing around the world and enjoying his luxurious life using your money.

[NotATether]

It appears this rumor is becoming true hehehe, this only occurs in the cryptospace. An exchange created to scam from the beginning, restored and restructured to accept new customers but with a bad reputation. If this becomes a success, there might be something wrong with us.

No, this cannot be allowed to happen.

How can people ever possibly trust a crypto exchange again after it went bankrupt and went to hell? Also, how will the investors and celebrity advertisers ever trust FTX after the reputation damaged it caused all of them?

The only people who will use FTX after this, are fools waiting to be parted with their money again.

Also, as a reminder, Sam Tabasco is somewhere on his yacht, sailing around the world and enjoying his luxurious life using your money.

Sam Trabucco you mean?

[sokani]

FTX was the third largest crypto exchange by volume before it goes bankruptcy. Many persons funds were trapped in the exchange, lives and business were wrecked apart. This is just one of many persons affected.



Having seen what really happened, how SBF squandered investors funds and donated some of it to politicians, anyone with a brain would think twice before using such exchange. IMO, I think It's persons that are new to the space and have no idea what happened that will use the exchange.

[Bitcoin_Arena]

It appears this rumor is becoming true hehehe, this only occurs in the cryptospace. An exchange created to scam from the beginning, restored and restructured to accept new customers but with a bad reputation. If this becomes a success, there might be something wrong with us.

Also, as a reminder, Sam Tabasco is somewhere on his yacht, sailing around the world and enjoying his luxurious life using your money.

I haven't been religiously following the legal proceedings regarding the FTX drama, but I think at some point they asked their customers for proof of assets so that they can plan about making refunds. As far as I know, it isn't FTX handling this whole procedure.

What happens if FTX comes back online?

Does every customer who had their funds locked up in the exchange have their default balances show up once the service is restored, or it will be for only those who "verified"? 

[Rikafip]

How can people ever possibly trust a crypto exchange again after it went bankrupt and went to hell? Also, how will the investors and celebrity advertisers ever trust FTX after the reputation damaged it caused all of them?

New people at the helm of FTX will probably push the narrative that FTX was a good exchange ruined by mismanagement and since person responsible is in jail and has nothing to do with FTX anymore they can now turn the new leaf and continue with business like previous scam never happened.

How can people ever possibly trust a crypto exchange again after it went bankrupt and went to hell? Also, how will the investors and celebrity advertisers ever trust FTX after the reputation damaged it caused all of them?

Low trading and withdrawal fees is all that is needed to get traders back. Regarding celebrity advertisers, they won't give a fuck as long as they are paid. 

There's a reason that they went for Chapter 11 bankruptcy, which allows them to reorganise the business as that's what their idea from the beginning.

[target]

Because the FTX tokens are still trading, maybe there really is a chance of it coming back.

Trust in this exchange though will be harder to restore even if they will have a new CEO. And there are exchanges that have no history of scamming. For this reason alone, they are on the losing side of the competition if they have to put it back live.

[Rikafip]

Because the FTX tokens are still trading, maybe there really is a chance of it coming back.

FTX is most likely coming back. The only thing that remains to be seen is who will actually relaunch it as there are several interested parties and some of them are very high profile ones like for example ex president of NYSE.

Source https://www.msn.com/en-us/money/companies/former-nyse-president-in-talks-to-reboot-ftx-exchange/ar-AA1jB2fy?ocid=finance-verthp-feeds

For this reason alone, they are on the losing side of the competition if they have to put it back live.

Well, people that want to restart it think that its easier to relaunch failed exchange that starting from scratch. Keep in mind that by the time FTX relaunches people who got their money stuck there will probably get large portion of their money back and add on that agressive marketing campaign, people's tendency to orget about bad things and in a few years FTX might be again one of the most popular crypto exchanges. That's just how things work in crypto.

[bbc.reporter]

It appears this rumor is becoming true hehehe, this only occurs in the cryptospace. An exchange created to scam from the beginning, restored and restructured to accept new customers but with a bad reputation. If this becomes a success, there might be something wrong with us.

No, this cannot be allowed to happen.

How can people ever possibly trust a crypto exchange again after it went bankrupt and went to hell? Also, how will the investors and celebrity advertisers ever trust FTX after the reputation damaged it caused all of them?

The only people who will use FTX after this, are fools waiting to be parted with their money again.

Also, as a reminder, Sam Tabasco is somewhere on his yacht, sailing around the world and enjoying his luxurious life using your money.

Sam Trabucco you mean?

Bankruptcy is okay. However, if an exchange was already a scam from the beginning that hurt many small investors, it should not be allowed to continue.

Also yes, Sam Tabasco.

[irsykes]

Because the FTX tokens are still trading, maybe there really is a chance of it coming back.

Trust in this exchange though will be harder to restore even if they will have a new CEO. And there are exchanges that have no history of scamming. For this reason alone, they are on the losing side of the competition if they have to put it back live.

If asked if I would use the FTX market again if it was turned back on, I would feel reluctant to use it again. The complete disappointment that my money was still left there was traumatic. Even though it's not big, only $300, it's useful for my needs. if it is restored most will expect the money left behind to demand accountability whether it is successful or not. but that is the hope of all FTX members

[target]

It appears this rumor is becoming true hehehe, this only occurs in the cryptospace. An exchange created to scam from the beginning, restored and restructured to accept new customers but with a bad reputation. If this becomes a success, there might be something wrong with us.

No, this cannot be allowed to happen.

How can people ever possibly trust a crypto exchange again after it went bankrupt and went to hell? Also, how will the investors and celebrity advertisers ever trust FTX after the reputation damaged it caused all of them?

The only people who will use FTX after this, are fools waiting to be parted with their money again.

Also, as a reminder, Sam Tabasco is somewhere on his yacht, sailing around the world and enjoying his luxurious life using your money.

Sam Trabucco you mean?

Bankruptcy is okay. However, if an exchange was already a scam from the beginning that hurt many small investors, it should not be allowed to continue.

Also yes, Sam Tabasco.

Among the team member its just him that got away. He was known a gambler they say.  And it seem like its only him that is the Neurotypical in the group.

I have the theory that is just him manipulating those idiots to do something for him. When it felt like everything will fall apart, months before it happen Tabasco fled. Nice job Sam.

[bbc.reporter]

@target. My theory is yes, he might be manipulating the the people running FTX and Alameda Research, however, I speculate that he might also be the first whistleblower who went to tell the government about FTX, Sam the vegetarian and sweet Caroline hehehe.

Sam Tabasco might have also known already where FTX and Alameda was about to go and he might have thought that he should get out first bringing money for retirement and a yacht to travel.

[CRAIC]

I will never use this scam if they restart it.