Many traders will lose soon a lot the ftx 2.0 is ready

[royalfestus]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

You're making people afraid to use exchanges, but it's no longer bothering me. It's not surprising to me that an exchange like ftx would exist. To be honest, you should take care of your money and be accountable for it, especially if you put it in exchanges. All exchanges, including the most reputable, Binance, are vulnerable to becoming an ftx 2.0 since it is an centralized exchange that may be shut down at any time. It is preferable to store your funds in your personal wallet, where you can keep your key. Put only a portion of your funds you intend to trade in exchange.

Over the years, Binance has maintained a good track record and good management. It is one of the exchanges that spends so much on security that they have enough funds to deal with any sudden incident. I don't think they can be like FTX. A lot of backup is provided by Binance since it manages so many exchanges and projects. However, I think funds should be moved out of exchanges after we noticed that the bull market might be over.

[mich]

Well now FTX is getting some bad responses for news about paying back its customers. Instead of paying them back at current crypto prices it will pay them back at much lower prices for the coins they owe to their customers. 

Bitcoin price of $16,871, Ethereum price at $1,258, and Solana SOL at $16. Stablecoins usdt, tusd, and busd will be a few cents less then the $1 peg.

https://cryptoslate.com/ftx-faces-backlash-after-proposed-estimation-of-customers-bitcoin-at-16k/

[Mr. Magkaisa]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

    -   I think what you are saying is just your perceptions and assumptions because you have no competent evidence to show that what you are saying is true. But still, even if something like Ftx happens again, many people have learned a lesson from this Ftx incident.

In short, most communities have really learned in the field of cryptocurrency business in these times. But if you specify what platform you're talking about, maybe the community can give smooth advice in the post you made, in my opinion.

[shinratensei_]

Well now FTX is getting some bad responses for news about paying back its customers. Instead of paying them back at current crypto prices it will pay them back at much lower prices for the coins they owe to their customers. 

Bitcoin price of $16,871, Ethereum price at $1,258, and Solana SOL at $16. Stablecoins usdt, tusd, and busd will be a few cents less then the $1 peg.

its such an asshole move coming from ftx, its always such deceptive move that they take for the sake of paying less, its not the customers fault that they can't use their money because its stuck in ftx wallet, ftx should be reimbursing with the current rate because reimbursing at price when it was still significantly lower is stupid thing, imagine if the price is dumping instead, would they still pay at the old rate or would they just give out the money in crypto.
this is why i would never ever gonna trust this shit exchange again they are just on another level when it comes to screwing up their customers even go such lengths to refuse to pay at the newest rate just because its beneficial for them, they could be reimbursing their all customers at the old rate maybe some people will be happy just because at least they got their money back but some people will definitely revolt, they deserve the money in crypto that they lost come back to be in form of crypto as well or if not at least at the newer rate.

[Awaklara]

Well now FTX is getting some bad responses for news about paying back its customers. Instead of paying them back at current crypto prices it will pay them back at much lower prices for the coins they owe to their customers. 

Bitcoin price of $16,871, Ethereum price at $1,258, and Solana SOL at $16. Stablecoins usdt, tusd, and busd will be a few cents less then the $1 peg.

its such an asshole move coming from ftx, its always such deceptive move that they take for the sake of paying less, its not the customers fault that they can't use their money because its stuck in ftx wallet, ftx should be reimbursing with the current rate because reimbursing at price when it was still significantly lower is stupid thing, imagine if the price is dumping instead, would they still pay at the old rate or would they just give out the money in crypto.
this is why i would never ever gonna trust this shit exchange again they are just on another level when it comes to screwing up their customers even go such lengths to refuse to pay at the newest rate just because its beneficial for them, they could be reimbursing their all customers at the old rate maybe some people will be happy just because at least they got their money back but some people will definitely revolt, they deserve the money in crypto that they lost come back to be in form of crypto as well or if not at least at the newer rate.

it's a scam that FTX should not be committing in their efforts to recover their customers' assets. they should be aware that the assets held on their exchange are not just stablecoins. it is possible that whenever they make the return period there will be no change in value.
FTX's obligation is to return the assets to the customer in the same amount. there should be no more compromise. or they will be condemned for their policies.
Couldn't something like this also be a crime?

[cakravothy]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

What exchanger will experience the same thing as the official ftx exchanger coin and what is the name of the coin so that all crypto curreency users are more careful.
I think if there is another incident it will shake the market crash down very sharply.
the same thing with the last FTX incident almost all coins fell sharply. coins related to ftx fell even more sharply as did ftx and solana.

[adaseb]

Haven’t heard about Ftx 2.0 in many months. I think the trustees suggested it rebooting and that’s about it. I think it’s possible at the moment with all the funds they secured from the SOL and BTC gains but the issue is that it won’t be straight forward.

I don’t think they can simply just turn it back on and let everyone trade like before. There is just going to be too many challenges and due to this , I don’t see it actually making a reboot. Most likely people will get their funds back and it’ll be closed forever.

[the rise]

I'm not updated enough with FTX. last I heard they were hit by a hacker attack. will this happen again on some other exchange? Yes, I store a lot of assets in a personal wallet, not on an exchange. it's only 10%, but it's quite worrying if it attacks binance. because people's trust in Binance is very high, can Binance overcome this attack if a hacker attack like what happened with FTX attacks them?

[Cryptmuster]

I'm not updated enough with FTX. last I heard they were hit by a hacker attack. will this happen again on some other exchange? Yes, I store a lot of assets in a personal wallet, not on an exchange. it's only 10%, but it's quite worrying if it attacks binance. because people's trust in Binance is very high, can Binance overcome this attack if a hacker attack like what happened with FTX attacks them?

You should study what happened with FTX, I am very surprised that there are people who still don't know their whole story. As for other exchanges, including Binance, I will only say that there is no safe exchange that you should trust with your money. If you are a trader and you need to keep some money on the exchange, then divide it into several parts and work with different exchanges, this will help share the risks. And if you are a long-term trader, then of course it is better to store coins in a cold wallet.

[Huppercase]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

You are obviously pushing an agenda and that's bullshit coming from your post. Upcoming FTX that is yet to be launch is scam but you think Binance is safe? Aren't they births of the same feather that SEC is running to catch everyday so they can milk them until they are satisfy. CZ is in the United state, waiting to be charge to court in less than 2 month but you thinks it's the safe.

One thing I know about FTX or the next thing that will come, if they eventually launch that exchange, trust me people will use it and it might get a lot of volume than we might anticipated, probably if they come back and say "yea, we a few back and we are working on paying back everyone there money and everyone that has money under us will be credited in less than this year but we are back and stronger and we to let you know that we have been review by law enforcement and given the permission to work and in return we are giving free trading discount to use our exchange" and then boom, you will see gullible traders troop in like modern chickens. We don't learn lessons and always push by emotions when we sight money.

[sana54210]

Haven’t heard about Ftx 2.0 in many months. I think the trustees suggested it rebooting and that’s about it. I think it’s possible at the moment with all the funds they secured from the SOL and BTC gains but the issue is that it won’t be straight forward.

I don’t think they can simply just turn it back on and let everyone trade like before. There is just going to be too many challenges and due to this , I don’t see it actually making a reboot. Most likely people will get their funds back and it’ll be closed forever.

I think it would just be a failed attempt at reviving it, I mean many people think that even though the inside of it was bankrupted, the name still stands and while it was dragged through the dirt because it bankrupted with peoples money, it could be restarted and would be better than figuring out a new name to do it all. So that is why I believe that the best we could do right now would be something that would be a lot better for the long term.

I believe we should stay away from it as much as we could possibly stay away from and that would be a lot better for us all. I get that it will not be simple and I  get that we are going to end up with our benefit in the end. Just stay away, and ignore any development made there.

[tjtonmoy]

It's not BINANCE it's not coinbase it's not kraken its not poloniex it's not it's not bybit.
Off course i don't say this in public wich one will be.
Well the same people are connected and it will happening next year when btc price will fall so the average person who invest can't get anymore cheap coins and he or she will be out of money aswell.
The old binance CEO knows but he can't talk.

I dont mention any name If you can think and are smart and you really understood you will know.

This is a free place and you can name anyone who you have any doubt about. If you are unable to provide any actual evidence of what you are talking about, this post does not hold any kind of meaning. Given the fact that it is a centralized exchange, anything could happen to it the same way anything could happen to other centralized platforms.

Why is people will use centralized platform and take advantage of it and when the work is done they should exit. Well that's how I do it. Deposit your asset, do whatever shit you want to do and then just withdraw all of them when the work is done. But that's not the fact. Be sure to provide enough information next time or you could get tagged for spam posting.

[doomloop]

I'm not updated enough with FTX. last I heard they were hit by a hacker attack. will this happen again on some other exchange? Yes, I store a lot of assets in a personal wallet, not on an exchange. it's only 10%, but it's quite worrying if it attacks binance. because people's trust in Binance is very high, can Binance overcome this attack if a hacker attack like what happened with FTX attacks them?

There were no attacks on FTX that caused the collapse they had suffered, but they went bankrupt and it was because SBF (Sam Bankman-Fried) was corrupt and he was using the money of their customers for business purposes or whatnot, I'm not completely sure but I know that it wasn't an attack that made the exchange collapse but they lost the money of their customers and they filed bankruptcy or were caught for illegally using the funds for personal or business reasons without the consent of the users.

A lot of people lost money in the FTX collapse, and I'm pretty sure that even if they relaunch their platform, there won't be a lot of people who would entrust them with their funds, I also believe that a cryptocurrency trader or holder should never keep their funds in an exchange but they should keep them in a non-custodial wallet.

[mich]

Well now FTX is getting some bad responses for news about paying back its customers. Instead of paying them back at current crypto prices it will pay them back at much lower prices for the coins they owe to their customers. 

Bitcoin price of $16,871, Ethereum price at $1,258, and Solana SOL at $16. Stablecoins usdt, tusd, and busd will be a few cents less then the $1 peg.

its such an asshole move coming from ftx, its always such deceptive move that they take for the sake of paying less, its not the customers fault that they can't use their money because its stuck in ftx wallet, ftx should be reimbursing with the current rate because reimbursing at price when it was still significantly lower is stupid thing, imagine if the price is dumping instead, would they still pay at the old rate or would they just give out the money in crypto.
this is why i would never ever gonna trust this shit exchange again they are just on another level when it comes to screwing up their customers even go such lengths to refuse to pay at the newest rate just because its beneficial for them, they could be reimbursing their all customers at the old rate maybe some people will be happy just because at least they got their money back but some people will definitely revolt, they deserve the money in crypto that they lost come back to be in form of crypto as well or if not at least at the newer rate.

it's a scam that FTX should not be committing in their efforts to recover their customers' assets. they should be aware that the assets held on their exchange are not just stablecoins. it is possible that whenever they make the return period there will be no change in value.
FTX's obligation is to return the assets to the customer in the same amount. there should be no more compromise. or they will be condemned for their policies.
Couldn't something like this also be a crime?

Yes I do agree with you. It is a crime but I do not think they will be punished for it. We can just hope no one does any more trades with the exchange after they do get their coins back from them.

[Maus0728]

Don't tease us as to who's the next scam exchange, tell us so we have to know. You're only making it weird for everyone and yourself that you're doing this mystery evil corporation thingies, if you really wanted people to save themselves from all of this crazy happenings then shouldn't you be telling it to us already?

A lot of people lost money in the FTX collapse, and I'm pretty sure that even if they relaunch their platform, there won't be a lot of people who would entrust them with their funds, I also believe that a cryptocurrency trader or holder should never keep their funds in an exchange but they should keep them in a non-custodial wallet.

I don't think that relaunch is even a good idea for them because they're definitely going to be criticized and a lot of people are going to be skeptical of how they do things when it comes to being an exchange. No one's going to trust a thief the second time because no matter how much we say they've changed, there's still that feeling that they're going to do it again which is the most logical thing to do in the case of relaunch of FTX, don't use it anymore or it's now your fault when they inevitably scammed people again.

[lombok]

It's possible that a tragedy like FTX could happen, but what the OP said was just undirected FUD, rather than reporting things that are unclear and detailed like that, it's better to give advice such as don't store funds and assets on exchanges because it's dangerous.

[jaberwock]

I'm not updated enough with FTX. last I heard they were hit by a hacker attack. will this happen again on some other exchange? Yes, I store a lot of assets in a personal wallet, not on an exchange. it's only 10%, but it's quite worrying if it attacks binance. because people's trust in Binance is very high, can Binance overcome this attack if a hacker attack like what happened with FTX attacks them?

I thought they already collapsed? So, why will they still be hacked? Lol. But if you mean during their active days, the hack attack might also be personal. Even if not, yes that a hack can also happen to other exchanges or simply called websites. This is one of the dangers in the online world. What is that 10% you mean? Is it your assets? That looks small. I thought you have a lot of assets?

But small or not, it's always a good idea to use a personal wallet than entrusting it from someone else. Binance is bigger than FTX, so their security also could be much stronger. But even if hacks won't penetrate them, there are still other issues that Binance can face, which still makes the public worry.

[Volimack]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

Maybe you think that many traders will lose but if you use the right wallet without FTX there is no risk of losing. The best cryptocurrency wallets focus on the current momentum of the cryptocurrency market Having a good crypto wallet app and hardware is very important to store your digital currency safely. Binance and Bittrex are good wallets that keep investors' cryptocurrencies safe.

[kojektea]

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

[poodle63]

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

well I guess if they do reimbursement fairly they will regain trust from many people but the problem with ftx is that even at the stage of the rumoured reimbursement they are just gonna reimburse people unfairly at the rate when crypto was still cheap before bullrun you can definitely see their unfair intention from the very beginning any sane people would definitely refrain from using their platform again because they are just all about money if thats the case as OP says ftx 2.0 might occur again i personally would never use ftx again i've got enough of their bad news.
but considering ftt still alive to this day even there are some people willing to pour some big money into it i can bet that ftx will still have userbase in the future.