However, according to Arkham's investigation, not long before its bankruptcy filing, Alameda Research withdrew more than $200 million worth of crypto assets from the FTX US exchange, while most of them, namely 69.8%, were sent to wallets associated with FTX International, affiliated with Sam Bankman-Freed.
https://twitter.com/ArkhamIntel/status/1596196768797974528
Topic: FTX Review: The Best New Crypto Derivatives Platform (Read 1183 times)
FTX has had its ups and downs and it will be more like what it is now. I don't think the price will be good for long. if you see the price is decreasing day by day, it's wise to stop temporarily trading FTT or wait a few months and see what happens to the FTX value itself but if you can control it it's okay I think.
Ups and downs are normal here in crypto but with the issue FTX are facing lately, I don't think they can be able to go up anymore and they are likely going to be the next luna as what others are saying but as usual, there will be greedy people who will love to take a risk and insist to invest. For those who have FTT, it would be better if they can sell it now, now that it still has a value and it is still listed on some exchanges. Don't wait till it drop more and will be delisted. You have been warned! There are still other coins out there who are owned by a crypto exchanger. Bnb for example. We can switch on them if we prefer those type of coins for investment or for trading purposes.
Yes, they are very safe for you if you want to get hammered by them. This post should be locked by now before any careless citizen tries to use FTX again. After Mr.Gox this is the most significant scandal the crypto space has. This will drive away many potential companies and individuals from bitcoin. Though this incident has nothing to do with bitcoin many people still call it a crypto scam now.
There are many contradictory messages excluding each other, so according to Reuters, it turns out that SBF secretly transferred $10 billion of client funds from FTX to the trading company Bankman-Fried Alameda Research, but SBF denies this.
https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/
https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/
- With what is happening now with the FTX issue, I think it will take a long time before FTX recovers from the market. It has only been happening for a few days since its value fell on all the exchanges where FTT is listed.
Now, when it comes to the pending withdrawal issues of their users in the FTX exchange, they are still waiting for the latest updates made by the management team of FTX despite the resignation of their CEO that I read on the Twitter platform.
Now, when it comes to the pending withdrawal issues of their users in the FTX exchange, they are still waiting for the latest updates made by the management team of FTX despite the resignation of their CEO that I read on the Twitter platform.
The initial reports of FTX hacking, which were reported by the administrator of the FTX telegram channel, have been refuted. Now, the chief legal adviser of FTX in the USA, Ryan Miller, explained that both FTX and FTX.US has transferred all remaining customer funds to cold storage.
https://twitter.com/_Ryne_Miller/status/1591326796305530880
https://www.theblock.co/post/186289/ftx-claims-it-has-been-hacked-of-all-of-its-funds-website-and-mobile-app-compromised?utm_source=twitter&utm_medium=social&t=gaPmYtIxFSf4Qd5kz1fAsg&s=09
Some chaotic and uncoordinated actions occur at a time when it is simply necessary to calm down users, they warm up even more.
https://twitter.com/_Ryne_Miller/status/1591326796305530880
https://www.theblock.co/post/186289/ftx-claims-it-has-been-hacked-of-all-of-its-funds-website-and-mobile-app-compromised?utm_source=twitter&utm_medium=social&t=gaPmYtIxFSf4Qd5kz1fAsg&s=09
Some chaotic and uncoordinated actions occur at a time when it is simply necessary to calm down users, they warm up even more.
"Obviously, there are other companies besides Binance that wish to purchase"
Obviously, trusting any word the clown makes public on twitter is a big dare.
"Funds are safu" - deleted posts .
Obviously, trusting any word the clown makes public on twitter is a big dare.
"Funds are safu" - deleted posts .
Binance still refuses to take over FTX, and according to the company's statement, it can be concluded that Binance came to this decision due to the impossibility of solving the problems that arose with the FTX platform, also emphasizing that the company used customer funds carelessly and at its discretion.
Obviously, there are other companies besides Binance that wish to purchase the FTX exchange at a reduced price. Sam Bankman-Fried reports about this on his Twitter page https://twitter.com/SBF_FTX/status/1590709182684360705 - "There are a number of players who we are in talks with, LOIs, term sheets, etc." So we need to stock up on popcorn and wait for this mess to end.
Binance still refuses to take over FTX, and according to the company's statement, it can be concluded that Binance came to this decision due to the impossibility of solving the problems that arose with the FTX platform, also emphasizing that the company used customer funds carelessly and at its discretion.
Source: https://twitter.com/binance/status/1590449161069268992
Source: https://twitter.com/binance/status/1590449161069268992
CEO Samuel Banckman-Fried announced an update to the FTX platform, which will take place on November 21 when the exchange switches to v2.0. A new order matching mechanism will be introduced, which should ensure an increase in the speed of their execution, which will reduce delays. The upcoming update is also aimed at improving the API and other functions.
https://twitter.com/SBF_FTX/status/1579383260089823233
https://twitter.com/SBF_FTX/status/1579383260089823233
But I could not use FTX properly. When I use ftx it works very slow, which annoys me a lot. One day I went to trade on ftx but there I could not trade as fast as Binance. I haven't used ftx since then.
Is this just my problem? Or have any of you had this problem?
Is this just my problem? Or have any of you had this problem?
FTX is actively exploring the crypto space, so it is reported that FTX won the auction for the sale of the bankrupt lender Voyager Digital, offering about $1.4billion for the deal.
Sam SBF and FTX have different approach than CZ and Binance in this bear market.CZ and Binance would like to let bad projects to die because they consider it as a way to clean the market.
Sam SBF and FTX would like to rescue those projects by some methods and they consider it as chances for them to build up reputation and expand the ecosystem of FTX. If they do it in bull market, they must spend more capital but with this bear market and lot of collapsed projects, they can achieve same result but at with lower cost.
FTX is actively exploring the crypto space, so it is reported that FTX won the auction for the sale of the bankrupt lender Voyager Digital, offering about $1.4billion for the deal.
Source: https://www.coindesk.com/business/2022/09/27/ftx-wins-bid-to-buy-voyager-digitals-assets
Source: https://www.coindesk.com/business/2022/09/27/ftx-wins-bid-to-buy-voyager-digitals-assets
FTX is The best exchange? yes FTX is the best, but there is something even better, namely Binance,
but don't worry FTX is Tier 1 , so you can say FTX is the same as Binance,
only they have to put more effort in order to reach the top 1 best exchange in their eyes crypto money,
if you want to invest in their token FTT of course it's very good for the long term
but don't worry FTX is Tier 1 , so you can say FTX is the same as Binance,
only they have to put more effort in order to reach the top 1 best exchange in their eyes crypto money,
if you want to invest in their token FTT of course it's very good for the long term
FTX is a rising exchange and their founder has conflict with Changpeng Zao, the founder of Binance. Two exchanges are competing very seriously against each other.
I don't like the interface of FTX but maybe I don't use it too often and are not familiar with its interface. About front-run issue, it happens on many exchanges especially small or medium exchanges. On smaller and medium exchanges, you will see front run issues very clearly. I am not sure about that on FTX but it is a very serious fud attack on FTX.
They are a known and successful exchange but this will continue to improve now that their names are being talked about these days. I remember they have done a partnership with fifa, they help users of mt. gox and others which I forget for now. The word conflict is different with competing but ftx and binance are on the same line so it's normal to see a competition between them.I don't like the interface of FTX but maybe I don't use it too often and are not familiar with its interface. About front-run issue, it happens on many exchanges especially small or medium exchanges. On smaller and medium exchanges, you will see front run issues very clearly. I am not sure about that on FTX but it is a very serious fud attack on FTX.
If it's true that ftx do have a conflict with binance, what could that be? Do you want us to make our own research? Ok fine. Ftx may have other disadvantages but for sure they have an advantage which you can not possibly find in binance and on other crypto exchanges.
The income of the FTX exchange for 2021 will grow more than tenfold to $1 billion (in 2020 it amounted to $90 million), CNBC reports, due to the beginning of blocking users whose accounts the exchange begins to block due to exchange froze the user's account due to the use of zkmoney, it seems that the profit will grow even more.
FTX is a rising exchange and their founder has conflict with Changpeng Zao, the founder of Binance. Two exchanges are competing very seriously against each other.I don't like the interface of FTX but maybe I don't use it too often and are not familiar with its interface. About front-run issue, it happens on many exchanges especially small or medium exchanges. On smaller and medium exchanges, you will see front run issues very clearly. I am not sure about that on FTX but it is a very serious fud attack on FTX.
The income of the FTX exchange for 2021 will grow more than tenfold to $1 billion (in 2020 it amounted to $90 million), CNBC reports, due to the beginning of blocking users whose accounts the exchange begins to block due to exchange froze the user's account due to the use of zkmoney, it seems that the profit will grow even more.
FTX exchange growth is very significant. We know that this is right now on the top 2 on spot exchange and top 7 on derivatives.
As I know, this exchange also offers lower fees and transactions or withdrawals. Commonly it is also used at least when we are going to send only a few coins amount as gas fees.
However, this has been in the top two so the reputation really grows very well and increasing.
But for the derivative, I still never used it yet.
As I know, this exchange also offers lower fees and transactions or withdrawals. Commonly it is also used at least when we are going to send only a few coins amount as gas fees.
However, this has been in the top two so the reputation really grows very well and increasing.
But for the derivative, I still never used it yet.
I bought some "3x short Bitcoin tokens" 7/25/2021 on FTX when the Bitcoin rate was BTC1/$34175 for 329USDT. 1 btc have been around $40000 for a long time now, and currently it's even down to ≈1BTC/22000 but my 3x short Bitcoin position is still currently only worth around 111USDT. I understand it's about time and value of an underlying asset. I also learned about "volatility decay" then there is a fee on this leverage. Furthermore, I don't think btc will fall much under $20000. But how long will it take for my short position to recover in this bear market, will it ever?
I mostly use FTX exchange . theirs withdraw fee is very low. They have mich advertise their projects. Liquidity is also good and almost all big coins available for trade.
First Etherium withdraw was totally free. Now they charge some fee but low than other exchange like Binance ,Kucoin. Their Card system is also very good.
First Etherium withdraw was totally free. Now they charge some fee but low than other exchange like Binance ,Kucoin. Their Card system is also very good.
Jump to: