FTT comeback

[beerlover]

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.

The amount of money lost, and lives ruined because they wanted to rule their company horribly is beyond measure. We are talking about billions of dollars, and millions of people who lost everything they had, because they wanted to manage their company horribly. I agree that there is no way they would ever be trusted again and they are basically gone.

The best thing to do about this is that they should just pay what they owe and get out, they should not even be around anymore. Most of the big names got away without a jail time, it was just the CEO if I am not wrong, and those people could find another job and work there if they can, that would be fine for them, pay it back and then find another job is their best course of action right now, at least the least resistant one for them.

[southerngentuk]

As far as I know, it hasn't been announced yet whether FTX will continue to use FTT as its native token or launch a new token. However, given that FTT has already established a significant following and liquidity, it seems likely that FTX would want to continue using it.

As for whether it's worth investing in FTT now, honestly don't take the risk to invest in FTX. While the news of FTX's comeback is certainly positive, but the negative effects from the project in the past is a stain that cannot be erased. That makes it difficult for FTX to thrive as the empire they once built.

[Silberman]

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.

The amount of money lost, and lives ruined because they wanted to rule their company horribly is beyond measure. We are talking about billions of dollars, and millions of people who lost everything they had, because they wanted to manage their company horribly. I agree that there is no way they would ever be trusted again and they are basically gone.

The best thing to do about this is that they should just pay what they owe and get out, they should not even be around anymore. Most of the big names got away without a jail time, it was just the CEO if I am not wrong, and those people could find another job and work there if they can, that would be fine for them, pay it back and then find another job is their best course of action right now, at least the least resistant one for them.

And this has always been the problem with cases like this, the law is used in such a way that only financial losses are assumed to be accrued during the abrupt crash of a company, but they never take into account the lives that were ruined or the people that killed themselves over this, which to me is ridiculous, as those events are consequences of their actions and as such someone which steals so much money should never be free again.

[AnonBitCoiner]

As far as I know, it hasn't been announced yet whether FTX will continue to use FTT as its native token or launch a new token. However, given that FTT has already established a significant following and liquidity, it seems likely that FTX would want to continue using it.

Yes i read whole News of Ftx reboot news in Decrypt and there is no clear phrase wheather Ftx start with new token or FTT but there is high chances of FTT token to be their native token because after bankruptcy FTT price not drop to zero. FTT was considered main source of FTX and there was a big usecase that's why many big investors invested in this coin to get fee discount and staking. [/quote]

As for whether it's worth investing in FTT now, honestly don't take the risk to invest in FTX. While the news of FTX's comeback is certainly positive, but the negative effects from the project in the past is a stain that cannot be erased. That makes it difficult for FTX to thrive as the empire they once built.

Token price is still above 1.5$ after its last bottom of 0.82. I took entry after this news when ftt price was 1.1$ and made short term profit. This kind kf entry is very risky and do and die mechanism. There are lots of good coins which has potential to rise so i think investing in coins which project already shut down is not good.

[@sriyan]

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$ .

The main thing about crypto is Trust. If you break the trust, then you are done. I don't think people invest in this again. FTX users did not receive the lost fund yet.

[Silberman]

The main thing about crypto is Trust. If you break the trust, then you are done. I don't think people invest in this again. FTX users did not receive the lost fund yet.

Quite honestly this is true about everything, once a person or an institution has shown that they are not to be trusted then it does not matter what they say or what they do, you are never going to believe in them again, as it is very likely that they had made the same kind of promises before only to break their word when it really mattered, and it is obvious that with such a huge crash and the incredibly high amount of money that was lost by those that kept their coins in that exchange that no one should ever trust them again.

[jacafbiz]

I have seen divided opinion on FTX possible relaunch, some people are for it and some are against it and I tend to support those that are against it, it is better for this space to let the sleeping dog lies, FTX is a damaged good and I don't see people moving their tokens to the exchange to trade there but to rush to withdraw their tokens, another thing that people are not considering is the value being thrown around, most of these tokens are illiquid tokens and if they tried to liquidate them the price will dump and I don't see them getting half of the value of these assets in the market. Just sell these assets and give people their money, the earlier the better because if these keep hanging over the space I don't see how these assets in their portfolio are going to appreciate

[tvplus006]

I don't want to return to an exchange that has compromised the trust of its users for the sake of obtaining profit fraudulently. Returning to the exchange, you become a tester of a completely new product, but with a dubious reputation.

[TastyChillySauce00]

This gonna be crazy if FTX will be come back with the new owners.

https://unchainedcrypto.com/ftx-token-gains-15-after-news-of-potential-crypto-exchange-restart/

I just read that news and it's likely the interest for FTT token was coming back again yet this is still rumor and anyone who buy it will be dealing with a very big risk for their money.

Since theer have been many speculations related to the FTX and i think that it will not be so bad if FTX will make its comeback to the crypto. As long as it will not be doing another shady things again.

[TheSpiral]

I just read that news and it's likely the interest for FTT token was coming back again yet this is still rumor and anyone who buy it will be dealing with a very big risk for their money.

I wonder that people will again trust this exchange after bankrupting. Many users loses big money here and they not paid to these old users then how they dare to start operation once again just by adding new CEO. It's very hard to get trust of hearts broken investors.

Their token is not completely down despite of complete stop of exchange. people still holding token and token price increased after this news but i don't think that it will again rise like before.

[o48o]

I wonder that people will again trust this exchange after bankrupting. Many users loses big money here and they not paid to these old users then how they dare to start operation once again just by adding new CEO. It's very hard to get trust of hearts broken investors.

Their token is not completely down despite of complete stop of exchange. people still holding token and token price increased after this news but i don't think that it will again rise like before.

Obviously not. Their whole name is a synonym of everything that failed in last bubble. Even nocoiners know the name FTX. They might not know what really happened but since everyone is blaming FTX the whole brand is tainted to the point of no recovery. I think that people reviving this smell the money as FTX has infra in place to make money so people believing in this might get themselves some big play money and important titles easier then by starting a new exchange, which they would do if they were serious.

[WalkerIVIV]

I don't want to return to an exchange that has compromised the trust of its users for the sake of obtaining profit fraudulently. Returning to the exchange, you become a tester of a completely new product, but with a dubious reputation.

that's very true, their name will never free of their stain of the past.
we aren't lacking exchange service anyway, so many are more trusted than this platform, i see zero reason why someone should be using this platform service despite the fact that it has really bad reputation.

[Teraboy]

will majority will just let things slide if they ever gonna make comeback, too many become casualties, i'm sure there will be resistance if they didn't have proper reimbursement towards their victims, that should be their first concern, other things comes after that, since reimbursing the victim they could save their face.

[lkjhg]

it is reported that FTX will restart again to FTX 2.0 and is currently running well,
I saw on Twitter FTX 2.0 will start in the 2nd quarter of 2024, of course if this goes well then this will be good news for FTT,
and most likely the current price this would be the lowest price in FTT history.

[bitkanu]

it is reported that FTX will restart again to FTX 2.0 and is currently running well,
I saw on Twitter FTX 2.0 will start in the 2nd quarter of 2024, of course if this goes well then this will be good news for FTT,
and most likely the current price this would be the lowest price in FTT history.

that's still quite a long way to go, maybe things will change along the way but I wonder how they gonna reimburse their former customers in which they lost money in the past, i wonder if they are having the commitment of recovering back their well deserving money or just go on opening up their platform again and just ignore all those victims.

[lobo13hf]

I don't want to return to an exchange that has compromised the trust of its users for the sake of obtaining profit fraudulently. Returning to the exchange, you become a tester of a completely new product, but with a dubious reputation.

i think many people out there thinks so too, maybe their comeback won't be successful after all, i still wonder what's wrong with their business decision of making comeback with a name that's already know to be having bad reputation, maybe they thought many people are fool and just wanna blindly use their service again.

[judaspriest]

I don't want to return to an exchange that has compromised the trust of its users for the sake of obtaining profit fraudulently. Returning to the exchange, you become a tester of a completely new product, but with a dubious reputation.

i think many people out there thinks so too, maybe their comeback won't be successful after all, i still wonder what's wrong with their business decision of making comeback with a name that's already know to be having bad reputation, maybe they thought many people are fool and just wanna blindly use their service again.

but in the world of crypto currency anything can happen, because FTX will also change its name to FTX 2.0 and this is also the first comeback in the crypto world,
lots of altcoins have gone bankrupt and can't come back, but FTX's efforts can really pay off good results, I myself still believe that FTT and FTX will be victorious again.

[tvplus006]

but in the world of crypto currency anything can happen, because FTX will also change its name to FTX 2.0 and this is also the first comeback in the crypto world,
lots of altcoins have gone bankrupt and can't come back, but FTX's efforts can really pay off good results, I myself still believe that FTT and FTX will be victorious again.

I assume that such new clients of the updated FTX 2.0 exchange will be newcomers who came to the cryptocurrency market and are not familiar with the collapse of FTX. And those who have previously encountered the fraud of this exchange have long been acclimatized on other exchanges, and obviously do not suffer from nostalgia.

[CapGelatik]

but in the world of crypto currency anything can happen, because FTX will also change its name to FTX 2.0 and this is also the first comeback in the crypto world,
lots of altcoins have gone bankrupt and can't come back, but FTX's efforts can really pay off good results, I myself still believe that FTT and FTX will be victorious again.

I assume that such new clients of the updated FTX 2.0 exchange will be newcomers who came to the cryptocurrency market and are not familiar with the collapse of FTX. And those who have previously encountered the fraud of this exchange have long been acclimatized on other exchanges, and obviously do not suffer from nostalgia.

I think there are no new clients on every exchange, in fact 90% of traders have accounts on every exchange,
yes, indeed, not all of them have funds, maybe, but all traders already know that FTX is an exchange to watch out for, but I don't know,
hopefully FTX 2.0 can answer the doubts of the community and of course users.

[Iyeman]

I assume that such new clients of the updated FTX 2.0 exchange will be newcomers who came to the cryptocurrency market and are not familiar with the collapse of FTX. And those who have previously encountered the fraud of this exchange have long been acclimatized on other exchanges, and obviously do not suffer from nostalgia.

I can't agree with this. You can't assume if there will be no old users of FTX to use the new FTX. Even if the probability is very small but there will be old user that will be using the new FTX if it will be revived again.
FTX has so many loyal users in the past. It makes sense if some of them will be back again to use new FTX if it will be revived again.