FTT comeback

[AnonBitCoiner]

A biggest Cex exchange FTX which was fallen bankruptcy in Nov 2021 and lost almost 9 billion suddenly recover back 8 billion and now News are circulating that They are going to relaunch Exchange. This is massive News and Ftx exchange token which was down below 1.5$ suddenly pushed by big whale and its pumped more than 100% in 45 minutes.


There are some questions in my mind and Ftx team did  not final yet and more News will be come soon.


1: What will happen with Ftx users who lost fund. Either it will be refunded?
2: FTT token will be Their native token ir they will launch another token?

What do you think Its worth to invest now on FTT token after this news? can we see price back to value where ut crashes after Ftx Bankruptcy If answer is Yes how much time it will take? if i am not wrong the price was above 25$ .

[OcTradism]

1: What will happen with Ftx users who lost fund. Either it will be refunded?

They won't be refunded or receive any compensation if FTX v.2 exchange won't get enough customers, trading volume then income and profit from its operations. It depends on decisions and strategies of FTX exchange's new board members to compensate their users. I believe that if they are serious with their relaunched business, they will spend part of their income to compensate their users gradually. It will take a lot of time and even take years for FTX to fully compensate their users but it is a best approach for them to rebuild the exchange reputation.

2: FTT token will be Their native token ir they will launch another token?

I don't think they will launch a new token. If they have full access from FTT tokens belong to ex-core team members, they won't need to launch a new token.

[blockman]

1: What will happen with Ftx users who lost fund. Either it will be refunded?

There's a good discussion of this topic to an actual FTX thread on Exchanges. (https://bitcointalk.org/index.php?topic=5419710.220)

2: FTT token will be Their native token ir they will launch another token?

It's already their native token. If they try to launch another token, they're not far from being Luna and UST.

[o48o]

I believe it when i see it. It's hard to picture a crypto company that would be more tainted during last bullrun. I seriously see people trusting even yobit more than FTX.

Is it so hard to brand new exchange that people would rather trust FTX then brand new one? Or could it be that some people in charge of this move bought FTT tokens in the bottom and this is their way to manipulate the price. You don't need to use 2 brain cells to figure out what's happening here.

[JayTrain]

This is certainly good news, but I'm not sure that everything will be fine with this exchange, no matter how the trust of users can no longer be returned, and if there was a puncture once, then there will be a second time.  And it is not clear who will now manage the exchange, because the CEO is under investigation, it will be difficult to return the old reputation

[goaldigger]

FTX have to refund all the money from the users and maybe they can airdrop as well because they deserve it. If they want to have a good comeback here this is the good way to introduce the site again. Anyway, If they will relaunch the exchange I’m sure many will hesitant to try it again so better not to expect to be a good exchange again because for me, it’s over even if they will change the whole management of that exchange.

[Johnyz]

This could be just a rumor because imagine, its shady how they lose and recover that funds easily there’s a big trust issue already and better for them not to comeback but of course allowing the old users to get their funds back are more ok since I have funds with them as well.

Let’s just wait for their announcement if they really want to bring back that exchange and see what will be the reaction of investors to them, maybe they can have some or maybe many already learned their lesson with FTX.

[GreatArkansas]

I am really an advocate of FTX Exchange 2.0. With the comeback of the FTX Exchange, I believe it will be a big win for the whole cryptocurrency market.
But before that, they must go first with customers, all the funds of customers that were locked must go back with a lot of customers and after that, for sure they will start rebuilding the FTX and then regain the trust of the people step by step.

[rhomelmabini]

1: What will happen with Ftx users who lost fund. Either it will be refunded?
2: FTT token will be Their native token ir they will launch another token?

What do you think Its worth to invest now on FTT token after this news? can we see price back to value where ut crashes after Ftx Bankruptcy If answer is Yes how much time it will take? if i am not wrong the price was above 25$ .

1. They need to refund those who wanted the refund or just issue a refund to those who are affected by this incident.
2. For sure they'll launch a new one, maybe just a fork out of it.

LOL don't get hyped, it's just a rumor and nothing is confirmed. If you wanted it badly, just minimize and manage your risks then. I am still doubting if it will be opened again so it's uncertain as well to comment on the price of the token.

[Adbitco]

Indeed that is what we noticed and i don't know how they would managed to recover their reputation and trust from their users..

1: What will happen with Ftx users who lost fund. Either it will be refunded?

Who knows what would come out of their mind towards that but i am on the positive side of them making a refunds to their users in other gain back their trust and integrity.

2: FTT token will be Their native token ir they will launch another token?

Certainly there's no way they will come with another concept after what they did, so i don't think it would be ideal for them to change anything all less they wanna buy the idea of what Terra did to participants which i am not sure it would be so but lets just watch and see what they would come up this time around.

What do you think Its worth to invest now on FTT token after this news?

Currently i won't really advise anyone to fully invest on FTT token because with the shock of what happened are still fresh in people's mind so it may be very hard for investor to entrust their funds on this project again otherwise anyone investing is on their own risk.

[bittraffic]

Creating another token would be ridiculous. Alameda and the FTX itself are holding these tokens, it's in thier best interest to continue using them and pump the token to make money out of this comeback.

The best that FTX can do is allow its users to withdraw thier balances and if they really will re-up the exchange for good, then it's up to them. But I can already see an uphill battle to regain the trust.

[Silberman]

Creating another token would be ridiculous. Alameda and the FTX itself are holding these tokens, it's in thier best interest to continue using them and pump the token to make money out of this comeback.

The best that FTX can do is allow its users to withdraw thier balances and if they really will re-up the exchange for good, then it's up to them. But I can already see an uphill battle to regain the trust.

How high is the amount they owe to investors? If it is more than the amount they have recovered there is no way they are going to allow all of those people to withdraw that money, maybe they could try to pay them on installments, but if that is the case then FTX will become nothing more but a Ponzi scheme as they will use the money which new traders deposit to pay their older clients, and if that is the case I doubt they will get enough customers as everyone on the back of their minds will know that a crash can always happen again.

[Mpamaegbu]

Indeed that is what we noticed and i don't know how they would managed to recover their reputation and trust from their users..

My honest take on this is simply once bitten, twice shy. I don't know how many investors that will want to trust their hard earned money again to them or new investors who will want to risk it. I won't try it. I tried cashing in on FTT during that fateful day of its collapse. Of course, I got burnt. The manner of its collapse is something that needs to be studied intently at any faculty specifically dedicated to fraud. FTT's purported comeback may mean an attempt to hit investors a second time. After all, a snake only shades its skin to become a bigger snake, and not to change into a less harmful animal.

[electronicash]

 
the exchange reputation is irreparable. they can make the users happy upon returning those funds to them but that's just it. people will not send any money to the exchange.

it is easier to establish a new exchange than relaunch an exchange that is linked to one of the biggest scam. never in the history that an exchange associated with scam got the trust back from users they've ripped.

[adaseb]

the exchange reputation is irreparable. they can make the users happy upon returning those funds to them but that's just it. people will not send any money to the exchange.

it is easier to establish a new exchange than relaunch an exchange that is linked to one of the biggest scam. never in the history that an exchange associated with scam got the trust back from users they've ripped.

You are forgetting that it won’t be run by SBF anymore. So it doesn’t mean that the exchange will perform another scam again. The brand has value and that’s why they want to reboot it.

How much volume did it have? Pretty close to $1B every day or so if I remember correctly and that generates tons and tons of fees revenue.

If they reboot under a different management they might make enough in fees to make everyone whole again.

[MFahad]

1: What will happen with Ftx users who lost fund. Either it will be refunded?

The team will be not the same and its not seem that they will refund to all users. Most of Europe users had already been refunded. The new team will not bear the burden of the bankruptcy.

2: FTT token will be Their native token or they will launch another token?

As far as I understand there is no need for new tokens because Ftt token contract is not been hacked or exploit and Old team have full access to token code. Ftx new team also didn't talked about new token so it seem that they ftt will be their token.

What do you think Its worth to invest now on FTT token after this news? can we see price back to value where ut crashes after Ftx Bankruptcy If answer is Yes how much time it will take? if i am not wrong the price was above 25$ .

It is very difficult for the price to go back to the previous state before bankruptcy but yes if they success in relaunch and prove thereself after relaunching then i think its price can push back to 10$ which is likely to be happen.

[OcTradism]

You are forgetting that it won’t be run by SBF anymore. So it doesn’t mean that the exchange will perform another scam again. The brand has value and that’s why they want to reboot it.

We can not know what they will do in future. Scam again or never scam again, we don't know about that now.

How much volume did it have? Pretty close to $1B every day or so if I remember correctly and that generates tons and tons of fees revenue.

If they reboot under a different management they might make enough in fees to make everyone whole again.

It is their past trading volume and after the collapse of FTT token, FTX bankruptcy and arrest of SBF, I am so doubtful that their past users will return to FTX to use that exchange.

They might not die but they will need lot of time to rebuild their customer base. There are many exchanges for people to choose and use, not only FTX which has bad reputation already.

Centralized exchange tokens. I don't know what people expect on FTT token. Why it should have higher price than $3 in future while their exchange future growth is unknown.

[Adbitco]

Indeed that is what we noticed and i don't know how they would managed to recover their reputation and trust from their users..

My honest take on this is simply once bitten, twice shy. I don't know how many investors that will want to trust their hard earned money again to them or new investors who will want to risk it. I won't try it. I tried cashing in on FTT during that fateful day of its collapse. Of course, I got burnt. The manner of its collapse is something that needs to be studied intently at any faculty specifically dedicated to fraud. FTT's purported comeback may mean an attempt to hit investors a second time. After all, a snake only shades its skin to become a bigger snake, and not to change into a less harmful animal.

What have happened has taken bad signals to the investors, before they could gain back their trust and Integrity it would take some years maybe who knows how long it may be. You already spoken it all and whoever that wishes to invest should do more research since we don't know their main objective of coming back after the fatal incident that happened. I am having this instincts that they would likely refunds their investors in other to gain more popularity and new investors to dive in the more after relaunching.

[Inspiron14]

I know FTT has experienced a high increase of 100% more because the news FTX exchange will relaunch again in Q2 or Q3,
but if you really still believe in FTT then invest, but if you don't believe anymore then just stay away,
or maybe just trading is better rather than a long-term hold that can only be at risk

[jacafbiz]

I think this is a bad idea, the questions are: who will trade on the exchange?, who will be the market maker? who will manage the exchange plus the operation? what happens to $FTT tokens and other illiquid tokens? Are they going to launch a new token?

From what I read from creditors, they do not want the exchange to come back because it is damaged good already and some of the big users have moved on and will require a lot of incentives to see them move back to the exchange to trade. Why not sell the exchange to another person and deploy the technology elsewhere or put it under new management