Topic: FTX Leaderboards: Someone lost $120m... (Read 274 times)

Don't be surprised. There are many losses in the 8-9 figures on FTX. These aren't individuals but they are institutions. There was some Teacher's Pension in Canada that had money stuck there and there were many many institutional firms who had lots of money on the exchange.

Also don't forget all the market makers like Jump which were basically arbitraging all the different pairs back and forth on the exchange. There are many that trusted FTX since they left so much funds on that exchange. The SBF guy fooled so many people.

In regards to the amount of FTT token that was supposedly held in that one account, it would be difficult to imagine a situation in which there was not some kind of insider-connection in regards to that kind of a holding, and in several senses, we do not have nearly enough information to appreciate a lot of the various connections of various fake entities that were created by FTX and also that sometimes real people or institutions might have had created accounts under pseudonyms or fake names.

It seems that so far, the current bankruptcy CEO (or might he be labelled as some kind of a trustee - John J. Ray) has been resistant to one of the practices of an independent auditor (investigator), which I believe that the Celsius situation did end up having one of those - and it seems that if various kinds of actual truths are wanted, then there is likely a need for an independent auditor rather than what might end up happening in regards to various cover-ups of some of the folks who might have had been involved in various aspects of the business - which likely could incur further charges and/or allegations towards high profile folks (politicians, companies, influencers).

I still am not exactly clear about how credible the source of this accounting information and whether the customer numbers were already existing customer code or if they were numbers that were generated in connection with the bankruptcy proceedings, and I could imagine a couple of kinds of scenarios, and one of them would be that some customers might already know their customer codes and another scenario would be that some customers would be given access to their customer codes prior to others being able to receive their customer codes.

I guess that person might be close to SBF and trusted him so much to have that huge money of his in that exchange, or really a new comer or someone is managing that fund for himself. True, I don't think there will be changes in the future, we have seen a lot of exchanges that rag pull or collapse with person's entire savings in that exchange. And so this is just another example of it, but no one really learn their lessons isn't it.

"Not your keys, not your coins", this is very true in this case.

And hopefully, justice can be served here, the ongoing trial should be watch by everyone specially those individuals who have millions wipe out.

To their defense, FTX was once one of the most "trusted" and revered centralized exchanges in the market. It only makes sense for some detractors to keep some or even all of their assets not only as a sign of trust on the exchange but most importantly because they once believed in the ability of the exchange, although I personally wouldn't do it or advise to doing it, as the disadvantages severely outweighs the benefits.

At the end of the day, FTX is the real issue here, not the investors or whoever the fuck. They need to be put into jail and the customers be given justice as well as the shares from the money they lost in this belligerent exchange. It's his fault yes, but is it entirely his fault? Is he to blame for the collapse of the exchange and therefore the collapse of his networth as well? I don't think so.

I can't talk about this 120 million, but there were billions lost total, and that means there were a lot of people with their entire money in there. Odds are when we are talking about billions, there are at least a few people who put all their life's work into that thing, and Luna caused those people to live for nothing. They lived, they worked, they spent years, and they made some money and eventually they lost it all because Luna crashed.

That type of responsibility should mean something to people but unfortunately it doesn't really mean anything to some people, hence why I think it is not really doing that great for the future of Luna project or LUNC or whatever.

I remember the saying "don't put all your assets in one basket" and it's true. This guy putting that much money in one centralized exchange is a very risky decision, I don't know if it's an individual or a company, but this is absolutely crazy, 120 million dollars just disappeared. Even though the data from this website needs to be verified again, because I'm not too sure about the data they present, but if that's true, I hope the person who lost 120 million dollars doesn't go crazy.

Everyone has a different investment method, and I think people with such large amounts of money are not stupid enough to not know where they are investing and what they are doing. I just think they are simply greedy and willing to take risks for greater rewards. They are already millionaires, but their goal is to become billionaires, they, like many of us, want to get rich quickly, so they are willing to take the risk to invest in altcoins instead of bitcoin. That is a huge amount, but looking at the assets that exchanges are holding, it is a minimal number which means there are a lot of sharks still using CEX.

I don't think about how they can collected data about costumer or member losing more than $120 million in FTX exchange after collapse, actually the owner of FTX not give  transparent how much member assets holding in their exchange account. This data true and no doubt with FTX exchange is the second bigger global exchange under Binance position, but after FTX collapse and withdrawing amount limited on FTX seems the member can't withdraw all their assets in once time.

However we are disappointed with FTX crash and not responsibility like the exchange market want to close their service, give chance for the member withdrawing their fund without become scam exchange.

Regarding the website you mentioned, it is important to approach any information found on the internet with a healthy dose of skepticism. While the website claims to use public data released by Kroll, it is difficult to verify the accuracy and legitimacy of the information provided. It is also worth noting that sharing personal financial information without consent is a violation of privacy.

Man's literally selfish, what are the main reason for saying non-custodial wallet's aren't safe ? All they want and care is for them. The rise at which big banks are crashing should teach lot of people lessons. Binance CEO has a big influence, those who are ignorant and lazy would have left them funds inside.


I don't think it has got shit to do with working hard and stuff, having same mentality of banks doing everything, ignorant and lazy, they feel like exchnages have got to do it for em. It'll gladden Satoshi Nakamoto to see that the main reason why he created Bitcoin was for it to be in self custody by whoever owns it.

Handing one's Bitcoin without having full control over it is a big mistake. Exchanges can be used to buy those little sats whenever need arrives.

High likely, that person is heavily invested on FTX as he strongly believed on SBF's capability.
If you don't trust the platform, you won't transfer such tons of money to any platform.
Not many people have that huge amount of money, but the FTX fallout was a very very expensive lesson for that person.
I believe, people need to learn their lessons before they will secure their funds from possible losses.

What I am referring to as the "customer code" is simply the number assigned to the customer in relation to our case, which we can use to view the balances. They have stated that they will provide this information by the end of the month
But I do agree that the next steps will take an infinite amount of time...


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Thanks for the clarification. I understood a completely different meaning it seems.
I do not think that the process of identifying the balances through the code will be available soon, no matter how specific dates they announce, especially since the case is still in the process of being researched and nothing has been clarified so far regarding the amount of money confiscated and whether compensation will be given to those affected. If you do not have a large balance on the platform, I advise you to forget about it.

We don't even need to know the person's identity, but the investment method is very bad because altcoins are not guaranteed to be trusted for the long term, there are too many list top projects that have failed and have harmed investors, so we stay focused on the basis of crypto investment, that there is no investment besides Bitcoin, altcoins are the highest risk of investment.

There are people who have so much money that they could be losing a lot but that is probably some cold wallet or something. I guess that it wasn't just some random person investing 120 million into Luna and losing it, not that many people in the entire world that has 120+ million dollars, it's like a few thousand people at best, and we all know who they are, this is just too much of a big amount, and when it goes missing you would know about it or hear about it and can't hide it.

This means that it must be something like a binance wallet with everyone's Luna in type of thing, not binance maybe but I think it was a wallet of a place and not some single person.

Keeping 120M on an exchange, good grief.

"Kroll" is the agency FTX is using the to liquidate and reimburse creditors and apparently they have some experience with these sort of matters. Perhaps this person might get their money back, or at least part of it, but my understanding is these matters can take ages to settle. And who knows how many assets that are on their books actually exist for the purposes of liquidation. How much were FTX execs able to get away with and is now unrecoverable?

120 million $ I think a very large amount for someone, if he diversifies his portfolio maybe it's only a small part of his total assets, we never know who that person is, it could be someone who is rich in the real world or the like, because here people people don't really know about the ownership of assets that many belong to other people.

I only see this thread as a means to add salt to the injury of those that were affected by FTX fiasco.

And just as most of you guys already said, those top account must be for the company because it's not sensible to leave that huge amount of crypto in an exchange without even having to assess how risky it was to do something like that.

If anyone can access this data, the crisis is greater, given that this platform provides user data for free on the Internet.
I searched the site and found this https://ftxnetworth.com/00152360.htm
Is it possible for a normal person to keep 3403454 FTT  which worth $75,142,537.79 I don't know, but either this is an account for the platform or used by the platform or linked to it in one way or another, or that this data is inaccurate because there is no logic that makes a user invest 75 million dollars in that currency.

If the site provides inaccurate data, legal charges may be brought against you.

what are the chances this is a executive account (which belonged to an organization or enterprise instead of a person), because that is one way I can see someone leaving such insane amount in a centralized exchange.

Also, The fact that account it was mostly holding stable coins and no bitcoin or other altcoins, it makes me think whoever was behind this treasure, they used them to money wiring or some ETH trading.

At least, they have the decency not to openly link the number of the account to the name or address of the holders, that could have been catastrophic, for obvious reasons.

Interesting enough to read. Perhaps the reason why someone can store large amounts of cryptocurrency on the exchange in question and still sleep peacefully at night is most likely down to the convenience factor.

Restricted exchanges often offer easy access to trades and fast transactions, which can be attractive to those who trade actively and want to take advantage of market movements. Also, some people may feel that the security measures in place on these exchanges are sufficient to protect their assets.

However, as you mentioned, currency failures and hacks have occurred in the past, indicating that it is likely not going to be easy.

First of all very nice idea to create a website which has perfect keyword right now and most probably highly searched around the globe right now. Whoever made it was genius.

Secondly, all those Top 10 were not even close to be genius by keeping all those stablecoins over an exchanger. I am not sure if they were staking it or they just kept them in stable coins to avoid the market crashes but in both the cases they did a dumb mistake.

Perfect example of how to be rich person with no brain at all. Those guys must have had stroke after seeing everything going down the way.

Information is power and when you are not informed then you are deformed. Many people don't understand what it is to keep your wallet outside of exchange or how to go on that, just like some of us initially didn't have such knowledge. But can I really leave such amount of money in an exchange even as a novice? I don't think so 


Something will change. The forum is playing a whole lot of role in the education and knowledge of people regarding bitcoin and cryptocurrency through reading here and users here teaching others.

I know some persons that knew nothing about decentralized wallet until they met me. Some persons feel that without exchanges there can be no Bitcoin buying, selling or hodling. I will not be surprise that the customer lack knowledge on safe keeping of assets.

Another aspect is the source of such funds. People tend to be careless about the safety of their funds because they didn't work hard to earn it. Everyone that got his money genuinely will seek for diverse means to secure it. Atleast we have learned from this unfortunate events that no third party can be trusted with your coin except you are willing or able to bear the loss.

I think you make this website or promoting this website for someone else by writing call-to-action phrases, Well I do not know whether it is fair to share these posts here like on this thread or not, but that's a great way to gain early traffic. I really like the idea. Note*No offense please I just share what I have in my mind if it makes you upset then sorry from my side.

Well as I was saying the website is quite new but your account is newer than the website. hehe. here i can see the website stats. As your website does not get any traffic yet, DA is also very low you should work on Off-Page SEO.

Overall, how Kroll can get your customer id/code from a centralized exchange(FTX). Because customer IDs are secret credentials and cannot be accessed by someone else like Kroll. Can you please shed light on this too, because it confuses me. Thanks.

It is not your coin if you are using exchanges to hold your coins, that is just it. After the FTX implosion, people started to move their coins out of exchanges. But what happened last, increase in exchange inflow again. People are always people, they can not change. Sometimes, it is beyond ignorance.

We also see leaders like Binance CEO that says noncustodial wallet is not safe when people were moving coins out of Binance some months ago. People like to believe known people like that even as they are lying.

I check the website and it’s really fascinating how this website record all the portfolio of whales despite there’s no public record about the accounts on CEX since they only have a hot wallet to all the deposit.

It’s hood if the website can provide the source of its data because there’s no way to verify the records. Having a note on what position they lose whether it’s long or short will be very helpful.

What I am referring to as the "customer code" is simply the number assigned to the customer in relation to our case, which we can use to view the balances. They have stated that they will provide this information by the end of the month
But I do agree that the next steps will take an infinite amount of time...

there are several explanations and we cannot be sure of what is the truth... it could be a user who was about to dump or make a massive purchase or a trader.... even if it's probably just a greed talk.
maybe this user had these funds there because they were staked so they collected decent profits without doing anything.

It's also mind-boggling to think that a person of questionable mental faculties is entrusted with the assets and deposits of users worth tens of billions of dollars, on the stock exchange he runs. How did no one think that he might consider embezzlement or mismanage those assets, and this is what actually happened.

I do not think that this will happen soon, because it requires a huge effort to establish the rules of dealing and the outputs of the consensus that will be defined as a framework.

Just saw this website on twitter: https://ftxnetworth.com and I must say, it's quite intriguing. The website provides statistics and leaderboards about losses in the cryptocurrency market, and what's even more interesting is that it uses public data released by Kroll.

One particular entry caught my eye: someone reportedly lost a staggering $120 million, which can be found at https://ftxnetworth.com/03840345.htm.

It's mind-boggling to think that someone could keep such a significant amount of cryptocurrency on a centralized exchange and sleep soundly at night. As we all know, exchange are not safe, and we have seen a lot of exchange failures in previous years. It seems that nothing is going to change.

I hope we get our Customer code soon, to check our balances.