FTT comeback

[bittick]

if ftx as an exchange platform falls under new management then i'd always try to use their platform but if it's the same management like before then I guess i'd hardly trust this platform even once more.
the thing is, their ftt token heavily tanked, even this news doesn't change that fact, i'd definitely not gonna fall for the twice moment.

[1714866233]

1714866233

[FanEagle]

This is a fake pump if you ask me. Because nothing fundamental changed and yet there is a news about it which means that the pump is a fake one. If the fundamentals haven't changed about the token itself, then it means that the news means nothing at all, did it provide any liquidity, did it made FTX come back, did it cause anyone to get richer? Nothing really happened, it is exactly what it is a month ago and the only thing changed is that there is a news.

I am sorry but news can't make a long term change, this could be just a temporary thing, not just could be but I think it is but I wanted to give benefit of the doubt. So all in all I believe that it should not be really a big deal, and we should keep staying away from it.

Yea, I agree; FTT and by logic FTX had nothing that is saved or doing better, they are still considering and thinking and discussing and just rumoring simply. This means that nothing big should have happened, and the price increase is all due to rumors and speculation nothing more, they basically manipulated the price this way and I can understand that people wanted to see something much bigger and better due to this news and that is why the price went up.

However, it shouldn't and nothing changed I agree, this is why there is a bit of a fall from that, 2.4 to 1.9, but it is still in green for most of the week and I feel like people will keep buying as long as they think that this news will change something that didn't.

[jacafbiz]

if ftx as an exchange platform falls under new management then i'd always try to use their platform but if it's the same management like before then I guess i'd hardly trust this platform even once more.
the thing is, their ftt token heavily tanked, even this news doesn't change that fact, i'd definitely not gonna fall for the twice moment.

A lot of people see the FTT token as a good hold because of the positive news around the exchange opening, what most people forget to consider is that most people will rush to withdraw their money from the exchange immediately after the exchange is opened, there will be liquidity crisis and also who will be the Market maker, remember Alameda is gone. I just have this feeling that they are just looking for ways to drive the prices of the assets on the book of FTX up especially those that are illiquid, so as to get enough money out of these assets. $FTT token is a great hold this quarter IMO but not long term

[Wiwo]

The answer to some of those questions are is the FTX United state under license if yes, that will lead to another question of if FTX United was under any insurance and if the answer to that question is yes, then the users of the exchange who have balance in the accounts before the crisis will get reimbursement from the insurance company.

Just like I read somewhere we're FTX Insurance company will soon begin to repay users from Japan or so,  I can't remember the thread again but I read it somewhere here in the forum.

[mdzahed134]

If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.

[ElmedoRator]

Personally, I really have lost faith in FTX, I think the fact that FTX users lose money depends on the specific cause of that loss. If the problem is caused by a technical error or a breach of contract, FTX will have to refund the lost funds to the user. However, if the problem is caused by the user's fault in securing his or her account, FTX will not be responsible for the lost funds.
Regarding the FTT token, it is the native token of FTX and will continue to be used. If FTX uses a different token, that will be communicated to users in advance and there must be a plan for easy conversion and ensuring that users' interests are not affected. However, there is currently no information on whether FTX will use another token as an alternative to FTT.

[Silberman]

Personally, I really have lost faith in FTX, I think the fact that FTX users lose money depends on the specific cause of that loss. If the problem is caused by a technical error or a breach of contract, FTX will have to refund the lost funds to the user. However, if the problem is caused by the user's fault in securing his or her account, FTX will not be responsible for the lost funds.
Regarding the FTT token, it is the native token of FTX and will continue to be used. If FTX uses a different token, that will be communicated to users in advance and there must be a plan for easy conversion and ensuring that users' interests are not affected. However, there is currently no information on whether FTX will use another token as an alternative to FTT.

As wild as it may sound I think the FTX exchange could try to comeback and some of its previous users could try to support it as they will want to recover the money they are owed, and this can only happen if the FTX exchange becomes successful, but for the rest of the people that were unaffected by their crash and that understood everything that happened they will simply have no interest on helping FTX achieving their goals, and eventually the FTX exchange will fail again.

[nimogsm]

I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.

[Psynthax]

I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.

you will definitely gonna be suprised at how many people actually willing to use ftx again even after the crash, there has been many that supports this come back and even said that ftx better than binance, maybe they are true in this regard, but i'd say their reputation already got scarred as you said, but it seems even the crash didn't make many people hesitant of using this platform again.

[shinratensei_]

If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.

this restart of course coming with some requirements otherwise the government will never allow such thing to happen.
I think it's gonna be bought and being managed under new company and then all the victims got their well deserved reimbursement like many have said.
but then again many complication will still arrive, since this collapse of the platform was known to be having chaining effect where some of the project that this exchange has invested in the past also got bankrupt and there are many of them.
hopefully many will got reimbursement at full and this exchange could always build up their reputation again but i'm sure people with big investment and capital in general gonna be reluctant putting their money in this exchange, too much risk while there are some other good exchanges like binance and kucoin.

[raidarksword]

People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!

[adaseb]

People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!

How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.

It will run for a while and if it is successful then it will be sold to another company who can take over and those funds will be used to make people whole again.

[bitkanu]

How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.

agreed with this, in every relaunching of a nearly bankrupt company there's always something behind the curtain like deal with new company just to pay off the debt that the previous management incurred, some people might think it's gonna be same old management but actually it's gonna be different.

[WalkerIVIV]

I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.

they've got good brands, many already recognized this one, building up their reputation is no problem if there's someone new managing the company.
i think the due debt will eventually gets settled, i don't think this restarting is as bad as you might have pictured instead, they'll avoid recklessly investing like before.

[Silberman]

I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.

they've got good brands, many already recognized this one, building up their reputation is no problem if there's someone new managing the company.
i think the due debt will eventually gets settled, i don't think this restarting is as bad as you might have pictured instead, they'll avoid recklessly investing like before.

I suppose it depends on how you look at this, it is true that the brand of a company represents a great part of their value, as this is what makes the public to pick their services or their products, but the brand can also work against a business, and I think this is going to be the case here, the collapse of the FTX exchange is something that people are not going to forget, so even if they tried to comeback the only thing people will think about when the FTX name is mentioned is that collapse and how the same could happen to them.

[jacafbiz]

People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!

How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.

It will run for a while and if it is successful then it will be sold to another company who can take over and those funds will be used to make people whole again.

I have not seen any exchange in the Crypto space that got transferred from one management to another that get better after, Poloniex, Houbi to name the ones that come to mind, another thing is that these new guys don't understand the peculiarity of running a Crypto exchange so I don't see how this is good for users. Though this depends on who you ask for me the best thing is to get the best deal for users, instead of relaunching the exchange. As for $FTT, no matter the way we looked at it from now on I believe it is a good time to buy $FTT tokens, especially this quarter restarting the exchange good news, users getting access to their funds good news.

[Ludmilla_rose1995]

it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.

[bitkanu]

it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.

even if they did develops other platform it will be hard for them, their history of scams and collapsing will always be remembered, many will be hesitant in investing in any project related with them, surely that's well deserving considering they've done worst to their victims.

[Teraboy]

it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.

You underestimated the fact that ftt still alive until today means there are hard die fans with this company that ready to even go down together.
this company im sure if restarted will easily gain traction there are many that saying they miss this company despite the fact that they've been wronged, it seems ridiculous but it is what it is.

[JeffBrad12]

If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.

it said that ftx itself has recovered some of their funds reaching billions surely those funds are gonna belong to those that have experienced massive loss due to these incident and what i mean by loss is the loss that is because holding the ftt token and even got their funds frozen in the exchange, eventually they will got reimbursement but honestly there's still no real decision regarding that so its all actually just speculation.
but i'm sure that eventually those that deserved will get reimbursement, even like that it's true many have lost their trust in this exchange surely they will be hesitant, even those that got reimbursement i doubt will keep their money in there, they'd instead do withdraw instantly and move over to better exchange.