FTX recovered $7.3B in Assets and is considering restarting!

mv1986

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Quote from: OgNasty on August 11, 2023, 05:25:48 PM

Looks like Sam Bankman Fried’s bail has been revoked meaning he’ll be doing a little jail time, at least until his court is over with. It is interesting to watch as the people behind him are seemingly beginning to prioritize the business over the man. Will his bribes eventually free him from his fraud or will he be the fall guy as FTX gets restarted?

That's true and I read that the bail has been revoked because Sam Bankman Fried tried to intimidate witnesses from his house detention. How stupid can this guy be to really try and intimidate witnesses, like if they wouldn't have the guts to report it to the prosecution department or their own lawyers?

It is said that he has repeatedly tried to get in touch with witnesses and was on the fence to be put into jail several times and now he crossed the line. SBF deserves a big sentence for his stupidity alone. This is unbelievable. I think many were shocked when they found out that he can leave jail and live in his parents' house on bail, but trying to expand his scheme from there even further, I can't grasp it.

Maybe I should see it differently and acknowledge that intimidating anyone could be his last chance to not go to jail for 20 years or more.

STT

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The creditors own the business not the former CEO of course, what worth does he have if only representing fraud in what should have been a valid operating business. I dont think FTX coming back or not is going to help his sentencing except by some argument of reducing the losses. Even if its now back profitable it would still be a crime in false accounting and other failures. I could imagine the scenario of his charges being reduced or dropped if creditors decided it was immensely beneficial to the business to do so, seems most likely they want to separate the two forever and somehow place FTX and its operations as victim to his deception.

Fatunad

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Quote from: OgNasty on August 11, 2023, 05:25:48 PM

Looks like Sam Bankman Fried’s bail has been revoked meaning he’ll be doing a little jail time, at least until his court is over with. It is interesting to watch as the people behind him are seemingly beginning to prioritize the business over the man. Will his bribes eventually free him from his fraud or will he be the fall guy as FTX gets restarted?

Will FTX be starting without SBF? If ever they would be relaunching but still they wont really be getting still that kind of recognition and consideration for users would be trusting up this company once again whether
SBF would be the main guy or would really be the fall guy. Did make some search and find these correlated on what you have said.

Judge Sends FTX’s Sam Bankman-Fried to Jail Ahead of Fraud Trial
Former FTX CEO Sam Bankman-Fried ordered to jail after judge revokes his bail

He it seems he would be sleeping with those jail rails for now which i could say that it is really just that deserve for him. Grin

OgNasty

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Looks like Sam Bankman Fried’s bail has been revoked meaning he’ll be doing a little jail time, at least until his court is over with. It is interesting to watch as the people behind him are seemingly beginning to prioritize the business over the man. Will his bribes eventually free him from his fraud or will he be the fall guy as FTX gets restarted?

stomachgrowls

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Quote from: Texac on June 21, 2023, 11:12:46 AM

Quote from: fzkto on June 21, 2023, 08:50:56 AM

Not only can FTX continue to exist successfully. I read today that Sam Bankman will soon continue to live in peace because all charges against him have been dropped. I don't know if this is true or not, but I wouldn't be surprised if it actually happened. If so, it's a huge reason to think about the lawlessness going on among big officials in the US.

I missed this news, can you give us the link to the news? but I wouldn't be surprised if we meet SBF on the street one day, and he doesn't have to go to jail for any crime. there have been many doubts that the collapse of FTX is just a pre-arranged arrangement of some force, and they are trying to make everything sink into oblivion. and it seems they are succeeding with their plan, everything about SBF is slowly fading into oblivion, and you can also see that these days no one talks about it anymore.

As expected on which issues would really just simply come and go on which this issue would be in main talks like forever. On the time that its been settled whether its been amicable or had been finalized then it would really

be forgotten but for the talks about restarting? People might forget on the recent or current updates but not on the general issue about on how FTX did fall into demise. They might be able to recover funds but its not

that something that could be easily forgotten on what they have done or on what they had able done in the past which is something unforgivable. They might restart but wont really be that ideal considering that
the community wont really be supporting anymore considering that if ever it did break the trust of the community then it wouldnt be shocking that it would really be remaining or instill in peoples mind
forever.

Texac

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Quote from: fzkto on June 21, 2023, 08:50:56 AM

Not only can FTX continue to exist successfully. I read today that Sam Bankman will soon continue to live in peace because all charges against him have been dropped. I don't know if this is true or not, but I wouldn't be surprised if it actually happened. If so, it's a huge reason to think about the lawlessness going on among big officials in the US.

I missed this news, can you give us the link to the news? but I wouldn't be surprised if we meet SBF on the street one day, and he doesn't have to go to jail for any crime. there have been many doubts that the collapse of FTX is just a pre-arranged arrangement of some force, and they are trying to make everything sink into oblivion. and it seems they are succeeding with their plan, everything about SBF is slowly fading into oblivion, and you can also see that these days no one talks about it anymore.

fzkto

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Not only can FTX continue to exist successfully. I read today that Sam Bankman will soon continue to live in peace because all charges against him have been dropped. I don't know if this is true or not, but I wouldn't be surprised if it actually happened. If so, it's a huge reason to think about the lawlessness going on among big officials in the US.

OgNasty

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While I find it hard to believe that SBF is going to walk away from this a rich and free man while stealing billions, I do think this is a perfect example of corruption in politics and finance. It’s hard to imagine any other scenario than SBF being a government plant to help undermine the crypto industry while clearing a path for companies like Blackrock to enter the space. With Bitcoin now on the verge of being completely compromised from it’s development to it’s supply, you have to start to wonder if financial freedom for regular people was ever a possibility.

dunfida

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Quote from: OgNasty on June 14, 2023, 12:44:53 PM

Quote from: kesmex on June 10, 2023, 01:45:24 PM

Quote from: rhomelmabini on June 03, 2023, 08:42:11 AM

Quote from: Nrcewker on May 31, 2023, 11:52:42 AM

Quote from: Paul Pogba on May 31, 2023, 08:24:32 AM

Of course this is good news and can make the market rise again, when there is a case like the FTX exchange it will create panic and fear so that it will create pressure on the market, naturally if the price continues to fall and it is difficult to rise again. but the news that FTX is starting to improve, of course, has made investors not panic anymore.

Yes this might help to increase the price of the Bitcoins again. Rather than relaunching the exchange, if the FTX team refunds the money to the customers, then definitely it will lead to another price rise in the market. Moreover no matter how strong comeback they make, once as they have lost people’s trust, it is really hard to gain it back. So I don’t think any trader will again trade there to risk his finances again and again.

I think so too, they should not rush I guess on relaunching but think on their investors/customers on what are their plan with their money, they should consult them first. I think a relaunch will not make the market move on the upside we've hear this before and it's just really people learn to be more wise and doesn't trust that easily anymore.

FTX looks like it's ready to restart FTX 2.0 in Q3 or Q4 and I think that's good news for us crypto community, FTT holders and of course the cryptocurrency market,
because the effect will make the market lively again, we know that some exchanges are also bankrupt , so FTX will be the favorite again.

Are the regulators really going to allow this to happen? Given that they're currently attacking Binance and Coinbase, it seems odd that the bad actor in the space (FTX) is their darling that they can't wait to get operating again. This after costing investors billions of dollars and leaving many people who thought they were rich struggling to make basic life payments to maintain a home. I don't even know how the SEC can pretend to be looking out for investors. At this point they're basically openly attacking the crypto industry and trying to get their scams put in place to control the markets. Shameful.

Well, its not really that shocking anymore on which we do live on a world on which to those who are on top positions or something that influential would really be doing up something that would really benefit them out.

Although their schemes are really that quite obvious but there's nothing we can do. They could attack all the want and sued out and filing up some cases or whatsoever just like mad man and would really be inserting
into those services and platforms on which they are the ones whose supporting. Of course they would really be able to benefit out in the end of the line and this is why its not really that shocking that decisions
been made turns out to be odd considering about its history. Making up some restart or trying out to get the trust again on the community wont really be that simple but if those institutions or sectors
would be tending out to close with those viable options or choices then for sure we would really be ending up on supporting on something that shit.

OgNasty

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Quote from: kesmex on June 10, 2023, 01:45:24 PM

Quote from: rhomelmabini on June 03, 2023, 08:42:11 AM

Quote from: Nrcewker on May 31, 2023, 11:52:42 AM

Quote from: Paul Pogba on May 31, 2023, 08:24:32 AM

Of course this is good news and can make the market rise again, when there is a case like the FTX exchange it will create panic and fear so that it will create pressure on the market, naturally if the price continues to fall and it is difficult to rise again. but the news that FTX is starting to improve, of course, has made investors not panic anymore.

Yes this might help to increase the price of the Bitcoins again. Rather than relaunching the exchange, if the FTX team refunds the money to the customers, then definitely it will lead to another price rise in the market. Moreover no matter how strong comeback they make, once as they have lost people’s trust, it is really hard to gain it back. So I don’t think any trader will again trade there to risk his finances again and again.

I think so too, they should not rush I guess on relaunching but think on their investors/customers on what are their plan with their money, they should consult them first. I think a relaunch will not make the market move on the upside we've hear this before and it's just really people learn to be more wise and doesn't trust that easily anymore.

FTX looks like it's ready to restart FTX 2.0 in Q3 or Q4 and I think that's good news for us crypto community, FTT holders and of course the cryptocurrency market,
because the effect will make the market lively again, we know that some exchanges are also bankrupt , so FTX will be the favorite again.

Are the regulators really going to allow this to happen? Given that they're currently attacking Binance and Coinbase, it seems odd that the bad actor in the space (FTX) is their darling that they can't wait to get operating again. This after costing investors billions of dollars and leaving many people who thought they were rich struggling to make basic life payments to maintain a home. I don't even know how the SEC can pretend to be looking out for investors. At this point they're basically openly attacking the crypto industry and trying to get their scams put in place to control the markets. Shameful.

kesmex

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Quote from: rhomelmabini on June 03, 2023, 08:42:11 AM

Quote from: Nrcewker on May 31, 2023, 11:52:42 AM

Quote from: Paul Pogba on May 31, 2023, 08:24:32 AM

Of course this is good news and can make the market rise again, when there is a case like the FTX exchange it will create panic and fear so that it will create pressure on the market, naturally if the price continues to fall and it is difficult to rise again. but the news that FTX is starting to improve, of course, has made investors not panic anymore.

Yes this might help to increase the price of the Bitcoins again. Rather than relaunching the exchange, if the FTX team refunds the money to the customers, then definitely it will lead to another price rise in the market. Moreover no matter how strong comeback they make, once as they have lost people’s trust, it is really hard to gain it back. So I don’t think any trader will again trade there to risk his finances again and again.

I think so too, they should not rush I guess on relaunching but think on their investors/customers on what are their plan with their money, they should consult them first. I think a relaunch will not make the market move on the upside we've hear this before and it's just really people learn to be more wise and doesn't trust that easily anymore.

FTX looks like it's ready to restart FTX 2.0 in Q3 or Q4 and I think that's good news for us crypto community, FTT holders and of course the cryptocurrency market,
because the effect will make the market lively again, we know that some exchanges are also bankrupt , so FTX will be the favorite again.

greek_hephaestus

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Quote from: STT on June 09, 2023, 06:51:15 PM

FTX back in operation (properly) is a good thing if it can manage to do so sensibly. Whats more surprising is they dont change their name, the brand name apparently is worth something still in recognition and that is probably unique to crypto. Anywhere else in business, the accounts and standing business left in FTX would be absorbed into another company. JPMorgan just recently took over another bank and presumably they will cease the use of that former banks name etc.
I think its a positive because its what would normally happen with any business, you dont throw it away anymore then you have to. Thats a positive going forward because it encourages investment to reduce the losses from prior attempts to invest in this space. The fact they were not BTC based but other blockchains and so people disapprove of that, thats a separate line of criticism. Many wont separate crypto generally from BTC its all the same sector to them, I think in terms of innovation to address the public thats generally how I would view things too.

It is a very good news because confident of our investers are increase and This is why it's really that pointless for them to restart out because people wouldn't really be trusting them once again and For people who have hope of recovering something from this scam maybe it makes sense, but for the overall crypto community it would be terrible and It is really just that this situation or scenario turns out to be that a common case that we could have on this space where hacks and possible fake bankruptcy or inside jobs or whatsoever could really be potentially be able to affect out.

STT

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FTX back in operation (properly) is a good thing if it can manage to do so sensibly. Whats more surprising is they dont change their name, the brand name apparently is worth something still in recognition and that is probably unique to crypto. Anywhere else in business, the accounts and standing business left in FTX would be absorbed into another company. JPMorgan just recently took over another bank and presumably they will cease the use of that former banks name etc.
I think its a positive because its what would normally happen with any business, you dont throw it away anymore then you have to. Thats a positive going forward because it encourages investment to reduce the losses from prior attempts to invest in this space. The fact they were not BTC based but other blockchains and so people disapprove of that, thats a separate line of criticism. Many wont separate crypto generally from BTC its all the same sector to them, I think in terms of innovation to address the public thats generally how I would view things too.

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Quote from: globalpain on June 09, 2023, 09:52:14 AM

Quote from: light_warrior on June 09, 2023, 08:29:24 AM

---

I'm wondering, who among those who have traded there will go there again? Or maybe they'll lure in some kind of gifts or something like that? What are they counting on, some newcomers to the trade or stubborn hamsters? Grin

Will FTX 2.0 restart in Q3 or Q4 2023? even though some time ago I read the news about FTX 2.0,
it was mentioned that they will restart their exchange in Q3 2024 not 2023, that's why I'm really surprised by this news,
If indeed the news will really happen then let's not forget FTT, SRM, and SOL, I'm sure Pump will happen.

2023 or 2024? It doesnt matter!

People wouldn't really be that dumb enough for them to make use of this exchange which does have that worst history and now they are trying out to make some comeback?
I did actually laugh on that stubborn hamster above which it is actually true that there would be those people who would really still using this platform whether those
newbie or really old time users. Dont know on whats their thinking about such comeback and still making or having that trust towards them.
SOL pumping? Its no brainer knowing that FTX been holding that huge chunks.

globalpain

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Quote from: light_warrior on June 09, 2023, 08:29:24 AM

I'm wondering, who among those who have traded there will go there again? Or maybe they'll lure in some kind of gifts or something like that? What are they counting on, some newcomers to the trade or stubborn hamsters? Grin

Will FTX 2.0 restart in Q3 or Q4 2023? even though some time ago I read the news about FTX 2.0,
it was mentioned that they will restart their exchange in Q3 2024 not 2023, that's why I'm really surprised by this news,
If indeed the news will really happen then let's not forget FTT, SRM, and SOL, I'm sure Pump will happen.

light_warrior

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I'm wondering, who among those who have traded there will go there again? Or maybe they'll lure in some kind of gifts or something like that? What are they counting on, some newcomers to the trade or stubborn hamsters? Grin

rhomelmabini

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Quote from: Nrcewker on May 31, 2023, 11:52:42 AM

Quote from: Paul Pogba on May 31, 2023, 08:24:32 AM

Of course this is good news and can make the market rise again, when there is a case like the FTX exchange it will create panic and fear so that it will create pressure on the market, naturally if the price continues to fall and it is difficult to rise again. but the news that FTX is starting to improve, of course, has made investors not panic anymore.

Yes this might help to increase the price of the Bitcoins again. Rather than relaunching the exchange, if the FTX team refunds the money to the customers, then definitely it will lead to another price rise in the market. Moreover no matter how strong comeback they make, once as they have lost people’s trust, it is really hard to gain it back. So I don’t think any trader will again trade there to risk his finances again and again.

I think so too, they should not rush I guess on relaunching but think on their investors/customers on what are their plan with their money, they should consult them first. I think a relaunch will not make the market move on the upside we've hear this before and it's just really people learn to be more wise and doesn't trust that easily anymore.

Sanitough

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Quote from: Edwardard on May 27, 2023, 01:36:51 AM

Quote from: lunnatic on May 26, 2023, 10:52:15 PM

it's a good thing if FTX is right to restart their Exchange,

It might be a good thing for you, but try to think logically, will the old ppl trust them again after such a big mess?

Quote from: lunnatic on May 26, 2023, 10:52:15 PM

yes this is still a long time ago and while FTT prices are still very cheap, I'm wondering if this is the right time to buy FTT?.

I won't recommend this at all. Once a scam is always a scam. Maybe someone who sleeps with money everyday on the bed might throw some bucks on this again.

Exactly. Once it’s reputation has been destroyed, it’s hard to trust it again and sees like nothing has happened. FTX might create better plans and might be wiser on its comeback, but I don’t think the people will eventually bite their offer again. Once it has been scammed, I guess it has all the chances that it might repeat again maybe not now, but in its least unexpected days.

Hamphser

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Quote from: OgNasty on May 31, 2023, 11:15:33 AM

Quote from: Edwardard on May 27, 2023, 01:36:51 AM

Quote from: lunnatic on May 26, 2023, 10:52:15 PM

it's a good thing if FTX is right to restart their Exchange,

It might be a good thing for you, but try to think logically, will the old ppl trust them again after such a big mess?

Quote from: lunnatic on May 26, 2023, 10:52:15 PM

yes this is still a long time ago and while FTT prices are still very cheap, I'm wondering if this is the right time to buy FTT?.

I won't recommend this at all. Once a scam is always a scam. Maybe someone who sleeps with money everyday on the bed might throw some bucks on this again.

The idea that this could be a good thing is insane. For people who have hope of recovering something from this scam maybe it makes sense, but for the overall crypto community it would be terrible. FTX taking user deposits that were meant to go into Bitcoin and direct them to shitcoins is the literal reason that Bitcoin didn't see a blowoff top around $200K in 2021. The market is still recovering and in my opinion wouldn't have fallen below $30K at all this cycle if it wasn't for the damage FTX caused. By no means can the market support them coming back and screwing Bitcoin again in 2025. We need a recovery to the original price pattern, which would send BTC north of $400K this cycle without more shenanigans by nefarious entities like FTX.

Did FTX situation make huge impact on Bitcoins price? As i remembered we are still playing around $21k on that point and this news explode out and make those price corrections or dips on 15-16k around that area
which i could say that it isnt really that something that significant. It is really just that this situation or scenario turns out to be that a common case that we could have on this space where hacks and possible fake bankruptcy or inside jobs or whatsoever could really be potentially be able to affect out. Nothing new and this is why its always been that recommended that people shouldnt really be storing up their
assets or coins on exchangers.

As for FTX to have that restart then just like the rest been saying that it would really be such a total failure. It cant really be getting the trust back on where they had been before.

Nrcewker

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Quote from: Paul Pogba on May 31, 2023, 08:24:32 AM

Of course this is good news and can make the market rise again, when there is a case like the FTX exchange it will create panic and fear so that it will create pressure on the market, naturally if the price continues to fall and it is difficult to rise again. but the news that FTX is starting to improve, of course, has made investors not panic anymore.

Yes this might help to increase the price of the Bitcoins again. Rather than relaunching the exchange, if the FTX team refunds the money to the customers, then definitely it will lead to another price rise in the market. Moreover no matter how strong comeback they make, once as they have lost people’s trust, it is really hard to gain it back. So I don’t think any trader will again trade there to risk his finances again and again.

Topic: FTX recovered $7.3B in Assets and is considering restarting! (Read 1156 times)