FTX recovered $7.3B in Assets and is considering restarting! - page 2.

OgNasty

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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.

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.

Paul Pogba

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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.

CapGelatik

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Quote from: Joshapat on May 29, 2023, 05:41:49 AM

Good news so that investor confidence will increase again, now the price of FTT is around $ 1 and in my opinion it will be the beginning of the rise of FTT, moreover the owner of FTX stated that he would solve all problems this year so we have to be optimistic that FTT will recover soon.

yes this is really good news for FTT and the SOLANA ecosystem, but the question will be whether users will trust FTX again?
I think FTT will not pump again to the price before FTX went bankrupt, but for trading yes this is a good opportunity before FTT flies high.

Joshapat

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Good news so that investor confidence will increase again, now the price of FTT is around $ 1 and in my opinion it will be the beginning of the rise of FTT, moreover the owner of FTX stated that he would solve all problems this year so we have to be optimistic that FTT will recover soon.

Fatunad

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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.

Everything does deserve a second chance on which it would really be that depending whether those old users would really still make use of them or not but most likely which all of them would really be finding new place for them to set in on which they don't really have that kind of mess which it did happen.

We know that once trust had been broken theres no way on taking it back. This is why it's really that pointless for them to restart out because people wouldn't really be trusting them once again.Weve experienced the worst and theres no point for them to make use of.

Edwardard

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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.

Republikcoin.com

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

it's a good thing if FTX is right to restart their Exchange, and I read the news that they will start that plan in Q2 2024 not 2023,
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?.

Why do you have to wonder about the token? I think it would be better for you to keep the money if you don't want to buy Bitcoin which is already the best asset in the crypto space than to keep wondering about the cheapness of FTT tokens. After all, the price of Bitcoin at the moment is also not too expensive so you also still have the opportunity to buy it instead of collecting FTT tokens which you yourself said the exchange will be back active or operating in Q2 2024.

FTT is a token with a rating of over 200 based on coinmarketcap even though the price it's pretty cheap, but I don't think it's an opportunity to own for profit, because when the exchange itself comes back like you said, the FTT price won't necessarily improve or increase sharply in the market even though FTT is still listed on many other big exchanges Now.

lunnatic

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COMBONetwork

it's a good thing if FTX is right to restart their Exchange, and I read the news that they will start that plan in Q2 2024 not 2023,
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?.

STT

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Every company is obliged mostly to their shareholders not to a CEO or anyone else or even a founder. So it makes sense, they are almost required in a set path of actions to take to right the ship and put it back to working order (many are surprised thats at all possible); SBF must have known or been advised this was coming for him. Personally he should go bankrupt and hand over everything he misdirected illegally certainly but even his legal pay is now likely forfeit considering the damage to the legal entity which is the FTX company.
People he owes will be the government etc. at this point he should be glad if he doesn't end up going the same place as Ms. Elizabeth Holmes for a long time. Fraud ranks alongside bank robbery for the risk/reward payoff, just minus the violence perhaps but still as serious so far as I know.

AmoreJaz

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Quote from: royalfestus on May 19, 2023, 05:30:25 AM

What can be inferred from the recent news article titled 'FTX leadership files a lawsuit against Sam Bankman-Fried regarding a $220M agreement made before bankruptcy'? The article unveils a surprising turn of events, and it appears that I have reservations about trusting individuals from the United States. https://cointelegraph.com/news/ftx-leadership-sues-sam-bankman-fried-over-deal-made-prior-to-bankruptcy?utm_source=Telegram&utm_medium=social

the truth is hard to trust a lot in the crypto space. most of them have their own agenda. definitely, to enrich themselves. very rare that you can find persons who are dedicated to their service.
and if they will indeed restart their business, do you really think people will continue to use their platform? there are other reputable trading platforms that you can use, so why go back to this platform?

Quidat

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Quote from: MoonOfLife on May 18, 2023, 06:26:43 PM

Quote from: ginsan on May 18, 2023, 04:34:04 PM

... Sam Bankman-Fried he deceived many people just for the sake of his life he deserves to be jailed and charged with multiple articles.

When engaging in cryptocurrency, we need to understand that risks are always lurking around us, and there is no law to protect us. Because we want freedom, decentralization, and cheating each other is the price we need to trade off. Why blame him when we ourselves are greedy? We are greedy when we want a lot of money, but when other people take our money, we want them to go to jail. The marketplace is a battlefield where you will either take someone else's money or someone else will take yours. When he pushes the value of FTT to tens of dollars, making you profitable, why don't you call him a scammer? You need to accept the risk of joining centralized exchanges, and participating in shitcoins.

Even a centralized platform wouldn't really giving out assurance that you would really be able to get your funds back if ever there's some hacking incident happen.This is the big cons when you do
put up your coins on a centralized platform on which you do simply not owning the keys of those wallets on where those funds been stored upon. This is why it is really that suggested that whenever
you do have big funds then you should really be mindful on pulling it out and never ever leave them on exchangers.

You should really know about the risks involved plus on the situation or condition on where FTX does have the plans of restarting then it cant really be just that possible that they would
really be getting on the same support and trust before that hack happens. Once reputation is broken then it cant really be taken it back.

royalfestus

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What can be inferred from the recent news article titled 'FTX leadership files a lawsuit against Sam Bankman-Fried regarding a $220M agreement made before bankruptcy'? The article unveils a surprising turn of events, and it appears that I have reservations about trusting individuals from the United States. https://cointelegraph.com/news/ftx-leadership-sues-sam-bankman-fried-over-deal-made-prior-to-bankruptcy?utm_source=Telegram&utm_medium=social

MoonOfLife

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Quote from: ginsan on May 18, 2023, 04:34:04 PM

... Sam Bankman-Fried he deceived many people just for the sake of his life he deserves to be jailed and charged with multiple articles.

When engaging in cryptocurrency, we need to understand that risks are always lurking around us, and there is no law to protect us. Because we want freedom, decentralization, and cheating each other is the price we need to trade off. Why blame him when we ourselves are greedy? We are greedy when we want a lot of money, but when other people take our money, we want them to go to jail. The marketplace is a battlefield where you will either take someone else's money or someone else will take yours. When he pushes the value of FTT to tens of dollars, making you profitable, why don't you call him a scammer? You need to accept the risk of joining centralized exchanges, and participating in shitcoins.

Captain Corporate

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You may think that people would have hard time trusting them again, but look at how much FTX price increased when people heard this news, I think it was either named FTX or FTT whatever their own token was. Basically people still consider this as a good thing and I am not really worried about it at all, I find it as legit as it gets and consider that as a good thing we should be dealing with. I know that it is not going to be something that hurts too much of the current situation, but I believe that we should be realizing people are foolish like that and could still believe them or rebelieve them whatever you want to name that. Its not going to be as big as it used to be, but I guess its not going to be zero neither, there will be a smaller amount of people there all the same.

Mahanton

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Quote from: ginsan on May 18, 2023, 04:34:04 PM

Quote from: flyingcarpet on May 08, 2023, 05:42:09 PM

Good news for investors who have lost their money. They should not leave anyone suffering. So what will they do to regain the lost trust? I'm really wondering this. So, will people be able to trust the stock market again, which they trusted as before? They need to solve the problems and take the next steps accordingly. I hope everything goes well and everyone can make up for their loss.

It's a good move from ftx exchange to return money to those who were victimized. But I guess it's going to take a long time or it's just sweet talk. For now I don't follow the developments that are happening here but if FTX manages to return all the investors money of course they will be appreciated as high as possible by crypto players but if they want to start over it will definitely be difficult to attract many investors to trade on their platform.

As if this is news that has been waiting for quite a while but the lack of updates on their Twitter page I think this problem will take quite a long time to complete perfectly. Sam Bankman-Fried he deceived many people just for the sake of his life he deserves to be jailed and charged with multiple articles.

If they would be giving back those funds from their users then we can really commend into that, but trusting them once again? For sure people would really be having those doubts because just like on what others
been saying above that it would really be hard to give back the trust of those users after all the things that happened. Some might really be reconsidering out or giving the chance but most of them would be finding
another place on which they could really be store up their assets or make trading or whatever they do want to do on having those platforms with no issues. Its over for them because no matter how
many times they would be making some rebranding,but still people couldnt really just put up the trust that they wanting. It cant really be just possible even if they would be putting
a new management. Trust isnt something that would really be easy on taking it back fully.

ginsan

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Quote from: flyingcarpet on May 08, 2023, 05:42:09 PM

Good news for investors who have lost their money. They should not leave anyone suffering. So what will they do to regain the lost trust? I'm really wondering this. So, will people be able to trust the stock market again, which they trusted as before? They need to solve the problems and take the next steps accordingly. I hope everything goes well and everyone can make up for their loss.

It's a good move from ftx exchange to return money to those who were victimized. But I guess it's going to take a long time or it's just sweet talk. For now I don't follow the developments that are happening here but if FTX manages to return all the investors money of course they will be appreciated as high as possible by crypto players but if they want to start over it will definitely be difficult to attract many investors to trade on their platform.

As if this is news that has been waiting for quite a while but the lack of updates on their Twitter page I think this problem will take quite a long time to complete perfectly. Sam Bankman-Fried he deceived many people just for the sake of his life he deserves to be jailed and charged with multiple articles.

goaldigger

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Quote from: OgNasty on May 18, 2023, 03:58:13 PM

FTX is now suing Sam Bankman-Fried. I guess their plan is to try and recover some funds from the guy who was clearly stealing from everyone. Not sure how successful they will be as he’s already had access to the internet has and surely stashed his I’ll gotten funds, but maybe he’s lying and has a few hundred million dollars sitting around in traditional assets they can steal.

This could be the end for Sam and I hope FTX will start distributing the money they have already recovered.
This could be their last resort to sue Sam and to be back in the market and do business again, its just sad that Sam did all the fraud for his own sake, users need their money back. Let’s see how they will do this, and I think that’s already enough money to paid all the users.

OgNasty

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FTX is now suing Sam Bankman-Fried. I guess their plan is to try and recover some funds from the guy who was clearly stealing from everyone. Not sure how successful they will be as he’s already had access to the internet has and surely stashed his I’ll gotten funds, but maybe he’s lying and has a few hundred million dollars sitting around in traditional assets they can steal.

flyingcarpet

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Good news for investors who have lost their money. They should not leave anyone suffering. So what will they do to regain the lost trust? I'm really wondering this. So, will people be able to trust the stock market again, which they trusted as before? They need to solve the problems and take the next steps accordingly. I hope everything goes well and everyone can make up for their loss.

milewilda

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Quote from: posi on May 05, 2023, 07:19:41 AM

Quote from: JeffBrad12 on May 03, 2023, 06:49:09 PM

Quote from: posi on May 03, 2023, 03:50:04 AM

Quote from: GreatArkansas on May 01, 2023, 06:25:09 PM

Quote from: posi on April 30, 2023, 10:30:51 PM

(....)

You must just be happy and appreciate it because a lot of people lost their hard-earned money on this exchange and you need also to consider that the incident that happened on FTX Exchange last year caused a huge dump on the entire cryptocurrency market and the reputation of cryptocurrency market affected due to this.
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.

If all the victims get their money back, that is a good thing, I fully support that. But with what happened to Mt.gox, which makes me more pessimistic, I don't think they will want to give us our money back.

As for the FTX crash affecting market reputation, I think having invested in crypto, we should get used to that. If you notice that, every time a bear season occurs, there is always some crash or bankruptcy that sends the market into a state of panic. It looks like it was pre-arranged, without FTX, there would have been a similarly massive crash that sent the market into a panic. We can't expect a market that can get us rich quickly while keeping us safe. This is the essence of investing in cryptocurrencies, I think everyone knows that.

sometimes I think so too why is it every bearish there's always company went bankrupt it's just really ridiculous, do they really have that bad money management or what, it just doesn't make sense and I agree, it seems reimbursement and refund from ftx will be rather difficult and troublesome, maybe they only willing to give refund only partly and that could be really problematic.
honestly most of the victims must be realistic that maybe things not gonna go as they expected. even the news of this company comeback isn't really clear, it's all just circulating rumour with no real legal action whatsoever, always prepare for the worst scenario.

We should prepare for the worst-case scenario when we first enter the market, not just start thinking about it now. I know that no one wants to lose money when investing, but we want to have fast money, if we wish to have high returns, we must accept high risks. Don't forget the golden saying in crypto investing "invest only what you can lose" I bet many people are familiar with that saying, but not too many people will do that. Because our greed is so great, it is not until we lose everything that we feel regret and resentment about our fate.

Of course we do really want to have that fast profit or money and not all would really be having that very long patience to wait up for years before you could see that and this is why people would be
looking on something which could bring out more profits in a short time. SPeaking about investing again on FTT then it isnt something that we can be so sure that investors or people would really be trusting out their money into something that has some big issues in the past. Despite on resolving and trying out to fix this issue, trust isnt something that could be easily be taken back or would be repaired.
This is why its never that ideal on trusting on a company or project which does have this kind of issue which it do totally taken all the trust and confidence of people to make
out some investment once again.

Rebranding? Same management or even different. It wouldnt really be that different which impressions would really be lasting up forever and this is where community would be minding off always and would really be avoiding as much as possible.We cant blame them though even myself would really be having that kind of impression which would last a lifetime as long this name would really flashbacked or shown out.

Topic: FTX recovered $7.3B in Assets and is considering restarting! - page 2. (Read 1150 times)