FTX recovered $7.3B in Assets and is considering restarting!

[ShowOff]

even though it seems many are rather doubtful that they'd gain their former reputation, even many are hesitant in giving them second chance but I think that there will be some people that actually gonna use their platform once more, but the most important thing is that if they ever did consider restarting then many will get their money back which is a good thing, putting aside the fact that there might be many that would be hesitant to use their platform once more, it's right though, financial company losing its customers fund seems like it's already the end for them no need to further trust them with our money if they are not really have the ability to keep it from just vanishing into thin air.
but i'd still appreciate any effort of getting back people's money since many are affected by the collapse of this company.

There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.

I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.

[Quidat]

Giving a second chance isn't applicable on this situation. They're a financial company and we don't want get problems with our finance/assets for the second time around.

I think everyone has learned their lessons that when a company has gone bankrupt and the issue is related to the unclear spending habits of its CEO and co-founders, you don't want to give them no chance anymore.

The verdict has already been given and even with the new management, the issue is still quite fresh and is there. But then, let's see if they'll manage to get up from that failure.

There's no second chance and we are indeed talking money on here which means that if they had failed out on customers or clients money in the first place then how much more on the second one?
People wont really be that a fool on entrusting up their funds into something that had broken out their trust. Just like on what others been saying about rebranding then it would be useless because
people wont really be trusting them again. There's no point on restarting or relaunching even if they would be changing up all the management, it wont really be making out a difference.
Therefore it would really be just useless if they would really be relaunching again.

Now the thing on what on peoples  mind is on how to get those funds back specially to those who had been affected.For sure they wont really be having any plans to store up their assets anymore longer.
As long they would really be having a getting hold of it then they would surely be pulling it off and would be going into other platforms which it doesnt really have any issue and bad history
something like this on where piling up some bankruptcy but in the end the funds were intact? Did they've been hit up with some conscience?

Most of us won't be a fool because we won't give them a 2nd chance but I guess in some case, there will be a few that will want to risk and gamble again on them.

And that's because they might see people talking about that they have finally recovered and the situation and the tension from them has gotten low.

Regardless of that if it's money, we won't be like that but for them, they might tolerate and only do with certain amount that's easy for them to lose.

For sure there would be people who would really be still risking out and there are even who would really be buying up FTT on this case
https://www.coingecko.com/en/coins/ftx-token For now we arent seeing some significant move which it does really shows up that people cant really just easily forgotten on what they have done.
Some do give out their support and based up some on research they would be funded up by Tribe capital? https://cryptoslate.com/ftx-relaunch-could-be-funded-by-tribe-capital/

Are they really that too desperate on relaunching despite the fact that there might be no people or good numbers would be using up their platform once again?
Recovering an asset of 7B, how they've done it? Are there any news in related on how they do able to get such huge amount stolen or recovery?
I agree on what most people been saying up on here that it cant really be that so simple or easy on forgetting on what they have done.

[shinratensei_]

There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.

I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.

it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.

[Sir Legend]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

[fzkto]

There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.

I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.

it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.

The story with FTX is very unclear. So far there is no news on how they are going to rebuild the exchange and how they are going to return users' funds. All there is at the moment is just news that they are going to pay out money and FTT's token pumping has happened.

[|MINER|]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?!
Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of market will also depend on those.

[Wiwo]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?!
Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.

Bitcoin does not rely on such news to make its market movement even though such negative news can affect the price at some point just like what happened around October -November 2022 when the FTX bankruptcy issue happened it affected the price of most coins the entire cryptocurrency market was negatively affected during that time and due to the news.

But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.

[JeffBrad12]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?!
Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of market will also depend on those.

true, those coins only become many reasons that causes bearish mainly because that time they have chain effect that makes many project collapse, luna and ftx is the same thing, their influence so huge that it made many project collapse, now it's all different those two have lost their influence, i could barely see them affecting the market somehow, luna now become shitcoin, don't even have that much role in determining the flow of the market.
right now, the only reason I guess that could affect the flow of the market is just the flow of institutional investors in which right now focused in layer 2 like optimism, arbitrum and so on, they've invested millions even billions of dollars.

[shinratensei_]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I just couldn't see real relation in regard of luna recovering and also market recovering past previous all time high, that's a bit stretch isn't it? because if you think that the main reason market become bearish was luna and you also think it could be recovered back only if luna is also recovering the that's just ridiculous.

Luna will definitely never be the reason the market could get back to bullrun instead, it's just gonna drag the market down with its fully speculative nature right now that's also full of manipulation, it's gonna be a lot better if luna lost its trading volume and eventually gets delisted, many gonna spared from the manipulation from the whales of the coin without even knowing it.

[|MINER|]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?!
Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.

Bitcoin does not rely on such news to make its market movement even though such negative news can affect the price at some point just like what happened around October -November 2022 when the FTX bankruptcy issue happened it affected the price of most coins the entire cryptocurrency market was negatively affected during that time and due to the news.

But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.

I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration  and it also used by short-term traders. And for the long term trading we should think about those season and halving.

[Mahanton]

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?!
Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.

Bitcoin does not rely on such news to make its market movement even though such negative news can affect the price at some point just like what happened around October -November 2022 when the FTX bankruptcy issue happened it affected the price of most coins the entire cryptocurrency market was negatively affected during that time and due to the news.

But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.

I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration  and it also used by short-term traders. And for the long term trading we should think about those season and halving.

In overall it would really be just that independent when it comes into its movement because demand and recognition would be solely be still focused on Bitcoin. If ever it would really be having some dips due to some negative news or events in the market then it would be normal but sooner or later which those dumps and crashes would really be just easily get swallowed by those buyers who are really that eager on buying up on cheaper price which simply means about having that kind of support. This isnt applicable on some altcoins in the market and with that LUNA crash and FTX issue then it did really make out some significant impact
but look at on where we are now? We are playing around 30k as of this moment which is totally showing that we've recovered into that condition  on that below 20k price.
Starting up for FTX again after all the issues? For sure they wouldnt really be getting a single support for this one.

[Little_Sister]

I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration  and it also used by short-term traders. And for the long term trading we should think about those season and halving.

Even though the market can recover quickly from the effects of ftx and luna, investors' losses cannot be recovered even though they have switched to investing in bitcoin, so the bad effects of ftx and luna must be a lesson so that high losses do not occur again from altcoin investment choices, we must avoid investing risky altcoins and must determine the safest investment options so as not to get involved in scam altcoin investments

[posi]

There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.

I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.

it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.

The story with FTX is very unclear. So far there is no news on how they are going to rebuild the exchange and how they are going to return users' funds. All there is at the moment is just news that they are going to pay out money and FTT's token pumping has happened.

I don't care if they restart the exchange, as I've never used it, and given what happened, it's not even worth my consideration. And you are right, their story is not clear, they keep making announcements about asset recovery and plan to restart the company, but they never mentioned when they would return the money for their victims. More suspiciously, the news that came out was that the FTT token benefited, like someone playing a game of cat and mouse, manipulating it for profit. I doubt FTX will be the 2nd Mt.gox, they are also playing cat and mouse, and 9 years have passed without a single investor getting compensation.

[beerlover]

it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.

I feel like even with the new management, that's not going to be easy to trust them again so this should not really make too much sense. I get that a lot of people are hopeful about it but I do not have that hope unfortunately. The best thing they could do is just basically give up, and should not be a company that tries to revive and spend so much money to do that and then fail again.

People lost their feeling towards them and just ignores them now, so having another one it will not end any good way. I know that it will not be a good month or period, but it should not be a bad one neither, it's just not possible. All in all I believe that we could do much better if they just use that money for something else, whatever debt they endured during this period.

[FUCKBSVFUCK]

As the FTX team is expecting a new ATH this will likely be hard to happen as soon as the price goes up again. I believe that will happen sooner rather than later as many can see this dump as a great opportunity.   
This has been happening for months and we haven't seen any major bearish trend so far. It'll not be too far off but still possible. 
 
It's just that, they don't want to give any real support for this to come. It will still be a good win for FTX. 
 
The FTX team has been here for just a year and it's not going to be easy to take another ATH for these last two years. With the FTX guys here in the forum we are still left wondering why we are still here. They are also trying to put a positive outlook here, but they are not making any real effort to continue to keep this on the radar, especially since FTX has no new ATH.   
They didn't mention anything about new ATH, so this is just another chance for them to buy any ETF's they want, especially if they are going to keep that ETF.

[JeffBrad12]

I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration  and it also used by short-term traders. And for the long term trading we should think about those season and halving.

Even though the market can recover quickly from the effects of ftx and luna, investors' losses cannot be recovered even though they have switched to investing in bitcoin, so the bad effects of ftx and luna must be a lesson so that high losses do not occur again from altcoin investment choices, we must avoid investing risky altcoins and must determine the safest investment options so as not to get involved in scam altcoin investments

the thing with these two scams is that, before their collapse they were considered among the most legit platform ever, luna was known to be massive back then even overtaking ethereum position and their stablecoin was also quite famous too that makes many trust them. same thing with ftx that become giant company in the field of exchange and also massive investment company that invest in various project with massive amounts of money. but as it turns out they are both scam project managed by incompetent people. no one saw it coming that's why many are losing money, best lesson learned from this, always diversify.

[GreatArkansas]

There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.

I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.

it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.

The story with FTX is very unclear. So far there is no news on how they are going to rebuild the exchange and how they are going to return users' funds. All there is at the moment is just news that they are going to pay out money and FTT's token pumping has happened.

I don't care if they restart the exchange, as I've never used it, and given what happened, it's not even worth my consideration. And you are right, their story is not clear, they keep making announcements about asset recovery and plan to restart the company, but they never mentioned when they would return the money for their victims.
(....)

You must just be happy and appreciate it because a lot of people lost their hard-earned money on this exchange and you need also to consider that the incident that happened on FTX Exchange last year caused a huge dump on the entire cryptocurrency market and the reputation of cryptocurrency market affected due to this.
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.

[tygeade]

I feel like even with the new management, that's not going to be easy to trust them again so this should not really make too much sense. I get that a lot of people are hopeful about it but I do not have that hope unfortunately. The best thing they could do is just basically give up, and should not be a company that tries to revive and spend so much money to do that and then fail again.

People lost their feeling towards them and just ignores them now, so having another one it will not end any good way. I know that it will not be a good month or period, but it should not be a bad one neither, it's just not possible. All in all I believe that we could do much better if they just use that money for something else, whatever debt they endured during this period.

That is true for most people, but there will definitely be enough people to make this worth their while for them. In the end we are talking about a situation where we may not end up with something good when it comes to people losing their money, it will unfortunately happen without a doubt. I know that it is going to take a while before people could trust it again, but there were people who invested into LUNC after LUNA got nearly to zero.

People who had 10 million invested into Luna had their money shrink to 10 cents, that is the trouble and I should not be shocked about the fact that there could be some people who would still put their money into FTX again anyway. I have to say that it is going to be a tough situation to handle but there will be some money lost again for sure.

[posi]

(....)

You must just be happy and appreciate it because a lot of people lost their hard-earned money on this exchange and you need also to consider that the incident that happened on FTX Exchange last year caused a huge dump on the entire cryptocurrency market and the reputation of cryptocurrency market affected due to this.
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.

If all the victims get their money back, that is a good thing, I fully support that. But with what happened to Mt.gox, which makes me more pessimistic, I don't think they will want to give us our money back.

As for the FTX crash affecting market reputation, I think having invested in crypto, we should get used to that. If you notice that, every time a bear season occurs, there is always some crash or bankruptcy that sends the market into a state of panic. It looks like it was pre-arranged, without FTX, there would have been a similarly massive crash that sent the market into a panic. We can't expect a market that can get us rich quickly while keeping us safe. This is the essence of investing in cryptocurrencies, I think everyone knows that.

[beerlover]

That is true for most people, but there will definitely be enough people to make this worth their while for them. In the end we are talking about a situation where we may not end up with something good when it comes to people losing their money, it will unfortunately happen without a doubt. I know that it is going to take a while before people could trust it again, but there were people who invested into LUNC after LUNA got nearly to zero.

People who had 10 million invested into Luna had their money shrink to 10 cents, that is the trouble and I should not be shocked about the fact that there could be some people who would still put their money into FTX again anyway. I have to say that it is going to be a tough situation to handle but there will be some money lost again for sure.

I think that's not going to happen this time around. I know that there were people who invested into scammed places, I mean you could scam someone, and then tell them you will recover their money and ask for more and scam them again, this has happened before. So all in all I would guess that it is not going to be a good deal to make sure that we could make a profit this way, we need to teach people to avoid it, but this one is a legal issue as well so it could be a bit different.

FTX is already at the hands of the courts, so I believe that people will not fall for it this time around, it would be pretty difficult to find people willing to invest into something that is getting sued and potentially jailed for stealing others money, you would have to be a complete moron to do that.