So they first fuck their users and then they expect people to go back using their services as if nothing happened? That category of swallowing these non senses is blocked in the crypto community.
It would be under new management. It is even under new management since many weeks or months ago which was some few weeks after the exchange collapsed. If they are back, remaining exchanges are just like them. You should just trade and withdraw your coins, that is what exchanges should be used for. 
Topic: FTX recovered $7.3B in Assets and is considering restarting! - page 9. (Read 1150 times)
So they first fuck their users and then they expect people to go back using their services as if nothing happened? That category of swallowing these non senses is blocked in the crypto community.😉
At least they didn't abandon their users. They restored their investor's hope to believe in them once more. It's left for those who choose to continue to use their service or not. You should be thankful that many of their users are going to be refunded their money back.
Could you share also press where it says this? I'm trying to find something but I don't see nothing 
Link to where you can find the informationhttps://www.reuters.com/technology/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12/
Does anyone know if Justin kept his promise and credited TRX tokens on his exchange swapped for TRX stuck on FTX?
Because after the news the price of TRX spiked to like $0.25 and the price on other exchanges was $0.05. Meaning if you had $100 stuck you had to overpay by 400%, so you pretty much had to take a 80% haircut. And there was maybe hundreds of millions of dollars of these TRX/HT/BT trades that took place.
So if the exchange restarts, the $100 which lost 80% of its value would only be worth $20. That is assuming TRX trades at 5 cents when it restarts, Justin has other issues going on right now which can cause the token to tank even more. Feel bad for those that took a 80% haircut instead of just waiting and getting perhaps a 20% haircut.
Most likely those that swapped to TRX lowered the exchanges liabilites however and made it easier to get solvent again. If $1B was shaved off the balance sheet because of these 80% haircuts then there is less assets needed to remain solvent. So I am wondering if those trades will be reversed or are those people at a loss?
Because after the news the price of TRX spiked to like $0.25 and the price on other exchanges was $0.05. Meaning if you had $100 stuck you had to overpay by 400%, so you pretty much had to take a 80% haircut. And there was maybe hundreds of millions of dollars of these TRX/HT/BT trades that took place.
So if the exchange restarts, the $100 which lost 80% of its value would only be worth $20. That is assuming TRX trades at 5 cents when it restarts, Justin has other issues going on right now which can cause the token to tank even more. Feel bad for those that took a 80% haircut instead of just waiting and getting perhaps a 20% haircut.
Most likely those that swapped to TRX lowered the exchanges liabilites however and made it easier to get solvent again. If $1B was shaved off the balance sheet because of these 80% haircuts then there is less assets needed to remain solvent. So I am wondering if those trades will be reversed or are those people at a loss?
So they first fuck their users and then they expect people to go back using their services as if nothing happened? That category of swallowing these non senses is blocked in the crypto community.😉
Thanks God, my only hope is to see that users will be refunded with this money.
And also, if they will choose to restart with their activity, who will manage it? I don't think that SBF could come back after what is happened.
Could you share also press where it says this? I'm trying to find something but I don't see nothing
And also, if they will choose to restart with their activity, who will manage it? I don't think that SBF could come back after what is happened.
Could you share also press where it says this? I'm trying to find something but I don't see nothing
Good news today from the FTX lawyers. They said that over $7.3B has been recovered and they are considering actually rebooting the exchange somewhere in the Q2.
FTT is rallying over 40% on this news, almost topping $2.
The only issue with this is that if assets such as SOL drop back down to <$10 then obviously they won't have $7.3B anymore. Since their largest holding is SOL with owning over 10% of the supply. Either way its a good win since many will get some of their assets back at least. Hopefully this wont be another MtGox which took over a decade.
FTT is rallying over 40% on this news, almost topping $2.
The only issue with this is that if assets such as SOL drop back down to <$10 then obviously they won't have $7.3B anymore. Since their largest holding is SOL with owning over 10% of the supply. Either way its a good win since many will get some of their assets back at least. Hopefully this wont be another MtGox which took over a decade.
Jump to: