Topic: After FTX collapse, some call for a return to decentralized roots - page 4. (Read 2016 times)

The fact that people could still do this is beyond understandable. Anyone who got scammed and then got scammed about being scammed should reconsider their life choices to begin with. I am not here to victim shame anyone, they lost their money and then they lost money about a thing regarding they lost money. But that doesn't change the fact that we are talking about something incredibly obvious and nobody should have fallen for that.

I understand the FTX situation, you may not see that coming and that's fully understandable, but if people send you fake mails and you go for that and lose money again, then I am sorry but you are going to end up getting scammed more in the future as well, that's just how it is for sure.

As questions swirl about how much cryptocurrencies will be worth in the wake of the spectacular collapse of the crypto exchange FTX and other major platforms, a key question has emerged: Who will keep your crypto safe?

In response, some in the crypto community are calling for a return to its decentralized roots.

Among the rallying cries of this latent movement: “Not your keys, not your coins.”

In other words: Trust only yourself.

But doing so requires individuals to maintain their own cryptocurrency wallets through a more complicated — if safer — process that involves generating complex passwords and sometimes buying physical hardware to keep track of crypto, as opposed to entrusting it to an exchange.

"A company like FTX was supposed to hold your assets, but they ended up lending them out," Tracy Wang, deputy managing editor at the crypto news site CoinDesk, told NBC News.

That concept is what undergirds the traditional monetary system and seems to go against the fundamental philosophy of cryptocurrency.

"This is like taking power back and being in charge of your own money," Wang said of decentralization.

So does that mean that Utopia P2P had chosen the right way from the very beginning, being based on its own decentralized blockchain and having own Crypton privacy coin? As for the 5 years of existence it didn't face any data leakage or scamming scandal. Or what else would you offer to pay attention to?

It is expected that scammers try to spoil the FTX bankruptcy processes. They take advantage of legitimate information for their own scam purpose. Certainly a deceitful attempt to mislead any cryptocurrency users, and it is not specifically tied to FTX users, since I believe they got the email from any leaked database. So many cryptocurrency users who have ever been got their email leaked are likely to receive the mail.

As I have been said, they partnered up with PwC and Kroll, which means any sender from those emails is very likely a legitimate mail. For example, I received an email from a sender with the domain of @restructuring.pwc.co.uk and @kroll.com.

Is Sam creating FTX 2.0? Now when he is free he can do whatever he wishes I guess, but it would be pretty crazy if people decide to follow him and use any kind of service where Sam is involved in any way.

I'm more interested in what's up with the FTX 2.0 launch at this point. Will it remain news for price manipulation or will we still see the launch of the exchange?

The FTX collapse make many people lost their assets in the cryptocurrency exchange in one way or the other, which most future trader's was liquidated on the position as the market bleed heavily.

Base on that, keep your crypto exchange is not really safe because anything can happen at anytime, if FTX can collapse, which other crypto platform can do that one day, and for holding a coin is good to spread your asset for a better position.

A couple months ago a very large number of people received a mailing. In the end, FTX representatives had to deny their involvement in this mailing because hundreds of thousands of people received it. And still some people are still receiving these emails.

Can you share more information? Like where you got the letter and the sender information(account, email, or anything)? It would be good if you disclose the information.

A legitimate piece of information that came from official sources is that they incorporate PwC and Kroll to help their bankruptcies processes. So if anyone got an email mentioning FTX's cases from both of these companies, it is very likely it is not a scamp attempt. Personally, I have received 3 emails from them, consisting of 2 from Kroll, and 1 from PwC.

If anyone wondering where is the sources are, you can simply search around or take a look at https://twitter.com/FTX_Official/status/1593317347703590915 and https://decrypt.co/114671/big-4-accounting-firm-pwc-approved-as-joint-provisional-ftx-liquidators.

Yes, it can really have a positive look. But it is especially strange when poorcoins have such success. What can the right advertising and the right hype do.)

It seems to me that it is a simple way how it usually works. All the coin inventors try to pump it using hype news. It's one of the ways how to collect peoples' attention to the coins and nothing else. But sometimes it also works positive.

Guys be careful! Now there are scammers who send you a letter on behalf of FTX. You send them your information and they can use it. So check the information!

There was already such news a few months ago and then the price of FTT token increased a lot. But in the end it all turned out to be just talk and no action happened. This time it might be the same, they gave us the news and made a small FTT pump but in the end we might not see any action.