https://twitter.com/BitcoinMagazine/status/1590367289848700928
Going once, going twice...
Topic: FTX Scam : Unable to withdraw - page 3. (Read 702 times)
We're all waiting for updates also but seeing that CZ had said he is to bail out FTX, they may resume withdrawals after the Binance acquisition. But weare not so sure also about this.
When you read FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter, you will find that FTX does not have assets and hence they deleted the tweet that funds at FTX are safe.
then the founder is really at fault in this. so many withdrawals happened in such a short time. this can make large companies also experience financial problems.Withholding the withdrawal I think is the only option for them. but this will only cause more panic. FTX looks like it really can be turned off this time around.
Storing assets on an exchange is never safe from risk. many aspects can harm us.
And the TOS is scammy and they are telling that they don't cover cryptocurrency. There is less chance of your funds being recovered if you hold crypto,
Quote
FDIC insurance only covers fiat balances held in these banks up to the
per-depositor coverage limit then in place, and does not extend to any cryptocurrency, stablecoin, or other non
fiat balances. A
https://ftx.us/TermsOfService.pdf
per-depositor coverage limit then in place, and does not extend to any cryptocurrency, stablecoin, or other non
fiat balances. A
https://ftx.us/TermsOfService.pdf
When you read FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter, you will find that FTX does not have assets and hence they deleted the tweet that funds at FTX are safe.
then the founder is really at fault in this. so many withdrawals happened in such a short time. this can make large companies also experience financial problems.Withholding the withdrawal I think is the only option for them. but this will only cause more panic. FTX looks like it really can be turned off this time around.
Storing assets on an exchange is never safe from risk. many aspects can harm us.
I read somewhere that more than 6 billion USD was withdrawn from FTX in the last few days so I'm not surprised that they eventually had to stop all withdrawals for now.
While I do think that people will be able to withdraw their money from FTX soon, anyone who was ignoring all what was happening around FTX and still holding their money there was behaving extremely irresponsible. They hopefully learned a lesson not to store crypto on any exchange as no exchange is too big not to fail.
While I do think that people will be able to withdraw their money from FTX soon, anyone who was ignoring all what was happening around FTX and still holding their money there was behaving extremely irresponsible. They hopefully learned a lesson not to store crypto on any exchange as no exchange is too big not to fail.
I am not sure whether FTX will allow withdrawal anytime soon. They need to have funds in order to fulfill people's withdrawal requests. When everyone is withdrawing at the same, it won't be possible for them to cater to all these requests. If Binance buys FTX, then we may have some hope that people's money will come back otherwise the money is just gone forever.
When you read FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter, you will find that FTX does not have assets and hence they deleted the tweet that funds at FTX are safe.
I read somewhere that more than 6 billion USD was withdrawn from FTX in the last few days so I'm not surprised that they eventually had to stop all withdrawals for now.
While I do think that people will be able to withdraw their money from FTX soon, anyone who was ignoring all what was happening around FTX and still holding their money there was behaving extremely irresponsible. They hopefully learned a lesson not to store crypto on any exchange as no exchange is too big not to fail.
While I do think that people will be able to withdraw their money from FTX soon, anyone who was ignoring all what was happening around FTX and still holding their money there was behaving extremely irresponsible. They hopefully learned a lesson not to store crypto on any exchange as no exchange is too big not to fail.
Recently we have seen some really bad scenes when two crypto exchanges Binance and FTX have some issues and one want to dominate the other.
I will not go into details as we already hearing updates on bitcointalk and Twitter but the most frustrating and bad thing is that FTX has disabled the withdrawals and they are not processing them.
If FTX does not have any funds with them and FTT token is dumping to zero, can we expect another major crypto exchange scam? Why do we have to suffer always?
If you hear any good news about withdrawals on social media or on their official Twitter account, please do share it here.
I will not go into details as we already hearing updates on bitcointalk and Twitter but the most frustrating and bad thing is that FTX has disabled the withdrawals and they are not processing them.
If FTX does not have any funds with them and FTT token is dumping to zero, can we expect another major crypto exchange scam? Why do we have to suffer always?
If you hear any good news about withdrawals on social media or on their official Twitter account, please do share it here.
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