FTX exchange is going to be bankrupted. What happens to FTX Token? - page 3.

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Quote from: Calm N Patience on November 11, 2022, 10:41:02 PM

...Do any Crypto masters know what will happen to FTX Token?..

Given the fact that the FTX exchange has declared itself bankrupt, their FTT exchange token becomes unnecessary, since their main purpose is to present bonuses to their owners inside the exchange. Nevertheless, there are some traders who still believe in this token and buy FTT at a low price, hoping to get a profit.

alik111

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Now Ftx token is in a critical situation.its dumping and dumping. Ftt token will dump more as the holders and investors will sell them very soon. My suggestion is to be alert about this token.

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Quote from: Majestic-milf on November 12, 2022, 06:22:27 AM

Quote from: Calm N Patience on November 11, 2022, 11:15:16 PM

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear about that bro. But I think FTX would still be in operation, but on a low key level. The thing is Sam has filed for a chapter 11 bankruptcy protection, and although he has stepped down as CEO, he has been succeeded by John Ray lll.

I think this action taken by him is a means for FTX Group to assess the situation and also maximize recoveries for stakeholders and investors alike.

ceo redirection but the information that I have at the moment there is a hack against FTX , it is very difficult to digest whether I should believe it or not
or is it just politics, there are still a lot of user funds stored in ftx accounts and cannot be withdrawn, very sorry for those who keep large amounts in FTX

hugeblack

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Often that token will die calmly or will have a value in trading that values will be determined by trading levels on unknown or unknown platforms.
Those platforms will try to attract customers in order to buy or try to sell, and then they will not be able to withdraw their money or at least they will ask them for their personal data, or deposit money.

If you have any currencies and it is listed on a good platform, sell it now or keep it if you think the platform will get a "kiss of life" in a way or another.

Majestic-milf

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Quote from: Calm N Patience on November 11, 2022, 11:15:16 PM

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear about that bro. But I think FTX would still be in operation, but on a low key level. The thing is Sam has filed for a chapter 11 bankruptcy protection, and although he has stepped down as CEO, he has been succeeded by John Ray lll.

I think this action taken by him is a means for FTX Group to assess the situation and also maximize recoveries for stakeholders and investors alike.

mindrust

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Quote from: Calm N Patience on November 11, 2022, 10:41:02 PM

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

It will go down to toilet. Poo. Shit.

Back to its original worth, zero.

It didn't deserve to have any value in the first place. Is it a company share? Is it being used as a medium of exchange? Was it a store of value? (apparently not lol) So what good was it for anyway?

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Quote from: Calm N Patience on November 11, 2022, 11:15:16 PM

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Condolences when you are a victim of FTX again and it is not a small amount. FTT is the native token of FTX, once FTX goes bankrupt and ceases to exist, it means that no one will develop and use this FTT anymore, it will soon disappear on CMC.

Currently, FTX has only filed for Chapter 11 bankruptcy, which means there are 3 months left to negotiate with investors and partners to find a solution. If an agreement is reached or funded, the possibility of them coming back to life is still there, but the possibility is very low. There have been some cases of companies resurrecting after filing for bankruptcy but it has only happened with media companies, crypto companies have not had any cases yet.

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Quote from: Calm N Patience on November 11, 2022, 11:15:16 PM

Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Sorry to hear that. They've been hacked just this day and the filing of bankruptcy really makes sense at all because the remaining funds that's assigned that's likely to pay for their customers, it's no longer there.
I've heard that some has been retrieved but I don't think that this is going to be enough to pay the millions of users that have trusted their funds onto them and sadly, you're one of those. It's a big lesson that everyone will learn from this incident.

Calm N Patience

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The exchange is melted down just now. Shit

gunhell16

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Quote from: Calm N Patience on November 11, 2022, 10:41:02 PM

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

FTX is still hot to talk about right now, in fact, as hot as coffee. If I look at this event, the movement of the price value that is happening on its chart is almost the same as what happened to LUNA on Binance on the exchange, probably a few days from now it will be below 0.01$ an FTT.

At first, I didn't think so, but when Binance posted on Twitter that they were going to dump FTT on their platform, I immediately thought that this is what they did to Luna when it was hot.

Calm N Patience

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Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

tabas

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Quote from: Calm N Patience on November 11, 2022, 10:41:02 PM

Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted?

It's most likely going to get dumped by most investors and traders before it goes to have nothing in value. That's why if it's still tradable, they'll dump and sell it so at least they get a little portion of what they've bought from it. FTX has already is bankrupt already and its CEO resigned already and there's no hope for them anymore. I think that even CZ saw this happening and that's why he tried to help but it's not just enough even if he steps in with his helping hands.

Quote from: Calm N Patience on November 11, 2022, 10:41:02 PM

Sad day for the crypto space.

Sad day for those people who invested heavily on this company and its token. Even if I'm not an investor of them, it's sad because it has impacted the whole market and wiped out billions from it.

Calm N Patience

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Hi All,

FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.

Topic: FTX exchange is going to be bankrupted. What happens to FTX Token? - page 3. (Read 397 times)