Many traders will lose soon a lot the ftx 2.0 is ready

abel1337

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Quote from: electronicash on February 05, 2024, 12:40:18 PM

lol whichever exchange this is, it will only happen after the bull run, we are safe until you won't withdraw your coins from that exchange whichever that exchange is.

ftx2.0 = unknown. crypto.com?
if the same modus, it's this exchange that comes to my mind, almost the same promotion, and have bought arena also. nothing else besides this one. if there is something they save for the last attempt i guess its crypto.com.

It's hard to trust every exchange nowadays, the safe play is to don't store our funds on these exchanges and only use them when it is needed. Storing our funds on our non-custodial wallet is an important thing. Decentralize platforms are now increasing more than ever, I believe that there will be a time where decentralize exchange will be our first choice rather than centralized exchange.

Personally, I'm trying to avoid mid tier crypto exchange as much as possible and just try to stick with the top tier exchanges and platforms to lessen the chances of being scammed or being hacked.

electronicash

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lol whichever exchange this is, it will only happen after the bull run, we are safe until you won't withdraw your coins from that exchange whichever that exchange is.

ftx2.0 = unknown. crypto.com?
if the same modus, it's this exchange that comes to my mind, almost the same promotion, and have bought arena also. nothing else besides this one. if there is something they save for the last attempt i guess its crypto.com.

Huppercase

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Quote from: JariKriting on January 04, 2024, 10:19:42 PM

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

Safety of centralized exchanges is relative and personal, you don't expect me to tell you that Binance is safe because I have traded one or two coins on the exchange. You may have more money than me and when you test it and they find you suspicious, they can freeze your accounts and funds for some reasons and that's why I wouldn't advice anyone to maintain a single exchange if you must trade.

It's difficult for traders not to use centralized exchanges to keep coins because you don't have choice than to keep it their, not because you like it because you might have an open order, coins that are listed only on a single exchange and trade there. So the best thing I will advice you as a trader is to make sure to use to or 3 exchanges and share coins that you trade on them for peace of min; there is no way for the exchanges to disappear at the same time and should be share base on the trust of the general public and reviews.

mich

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Well now FTX does want to sell its stake to a AI company called Anthropic. It will be worth $1.8 Billion.
https://cryptoslate.com/companies/anthropic/
https://cryptoslate.com/ftx-files-motion-to-offload-1-4-billion-stake-in-ai-startup-anthropic/

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Quote from: kentrolla on January 05, 2024, 02:21:42 PM

Binance may be safe for time being but things can change anytime and I am sure neither people would have thought about what happened with FTX, moreover Binance has already started flagging the privacy coins which can be delisted anytime and similarly we have seen a lot of pressure upon Binance as it's going through thought time especially after CZ controversy. I don't believe in an CEX nowadays.

Right. Crypto traders may have experienced something after the FTX crash, which is why everyone is now trying to be cautious. We saw that Binance is under a lot of pressure and also saw what happened to CZ. Binance is safe now but it's hard to predict how long it will be safe, because Binance can come under more pressure, so something unexpected can happen to Binance at any time. So crypto traders should be careful using Cex to keep their funds safe even if a bad event like FTX repeats.

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Quote from: kojektea on January 03, 2024, 08:25:35 AM

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

Binance may be safe for time being but things can change anytime and I am sure neither people would have thought about what happened with FTX, moreover Binance has already started flagging the privacy coins which can be delisted anytime and similarly we have seen a lot of pressure upon Binance as it's going through thought time especially after CZ controversy. I don't believe in an CEX nowadays.

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Quote from: Beparanf on January 05, 2024, 12:23:04 PM

Quote from: JariKriting on January 04, 2024, 10:19:42 PM

Quote from: Waldorf77 on November 28, 2023, 02:33:03 PM

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

If you read carefully what you just quoted, You will realize that specifically mention that Binance is safe exchange according to him and not the one he is pertaining to this warning thread.

Probably this exchange is not international since Canada and US already restricted foreign crypto exchange like Kucoin, Binance and many more popular crypto exchange. This thread was made last November and there’s no big news like this coming. It’s very odd too the timing of this bad new if really happened because Bitcoin is pumping hard which means exchange business is booming.

A centralized exchange is still a centralized exchange, there are things that are happening on the back end of the exchange just like what the FTX did back then, the bad things will show up when someone expose it. What happened on FTX can happen on current leading exchange just like binance. Binance is just amazing how they handle their recent issue but I'm sure there will be another issues coming to them sooner or later as there are people who will try to bring them down.

Another thing is the legality of exchange, depending on where you live, the view and experience on the exchange may differ.

At the end of the day, the safeness of an exchange depends on you and your experience, we never know when will be the time they will collapse. Use centralize exchange with care, also decentralize exchange.

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Quote from: JariKriting on January 04, 2024, 10:19:42 PM

Quote from: Waldorf77 on November 28, 2023, 02:33:03 PM

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

If you read carefully what you just quoted, You will realize that specifically mention that Binance is safe exchange according to him and not the one he is pertaining to this warning thread.

Probably this exchange is not international since Canada and US already restricted foreign crypto exchange like Kucoin, Binance and many more popular crypto exchange. This thread was made last November and there’s no big news like this coming. It’s very odd too the timing of this bad new if really happened because Bitcoin is pumping hard which means exchange business is booming.

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Quote from: kojektea on January 03, 2024, 08:25:35 AM

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

You are underestimating the power of stupidity in people. I bet that there will be a lot of people who will believe this and will end up making something that will hurt their finances without a doubt. When enough people get together and do something silly and all lose money, it becomes a huge amount, and when it becomes a huge amount, they end up impacting the market as well.

I know that this sounds silly, but it is reality and I believe that we should be careful about what we are doing. I know that FTX 2.0 may sound stupid for you to invest and you wouldn't, and I wouldn't, but I bet that there are enough people out there who would think taking this risk could lead to a lot of profit and will make a big loss eventually because of this.

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Quote from: Waldorf77 on November 28, 2023, 02:33:03 PM

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

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Quote from: kojektea on January 03, 2024, 08:25:35 AM

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

well I guess if they do reimbursement fairly they will regain trust from many people but the problem with ftx is that even at the stage of the rumoured reimbursement they are just gonna reimburse people unfairly at the rate when crypto was still cheap before bullrun you can definitely see their unfair intention from the very beginning any sane people would definitely refrain from using their platform again because they are just all about money if thats the case as OP says ftx 2.0 might occur again i personally would never use ftx again i've got enough of their bad news.
but considering ftt still alive to this day even there are some people willing to pour some big money into it i can bet that ftx will still have userbase in the future.

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as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

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Quote from: Waldorf77 on November 28, 2023, 02:33:03 PM

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

Maybe you think that many traders will lose but if you use the right wallet without FTX there is no risk of losing. The best cryptocurrency wallets focus on the current momentum of the cryptocurrency market Having a good crypto wallet app and hardware is very important to store your digital currency safely. Binance and Bittrex are good wallets that keep investors' cryptocurrencies safe.

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Quote from: the rise on December 31, 2023, 05:36:35 AM

I'm not updated enough with FTX. last I heard they were hit by a hacker attack. will this happen again on some other exchange? Yes, I store a lot of assets in a personal wallet, not on an exchange. it's only 10%, but it's quite worrying if it attacks binance. because people's trust in Binance is very high, can Binance overcome this attack if a hacker attack like what happened with FTX attacks them?

I thought they already collapsed? So, why will they still be hacked? Lol. But if you mean during their active days, the hack attack might also be personal. Even if not, yes that a hack can also happen to other exchanges or simply called websites. This is one of the dangers in the online world. What is that 10% you mean? Is it your assets? That looks small. I thought you have a lot of assets?

But small or not, it's always a good idea to use a personal wallet than entrusting it from someone else. Binance is bigger than FTX, so their security also could be much stronger. But even if hacks won't penetrate them, there are still other issues that Binance can face, which still makes the public worry.

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It's possible that a tragedy like FTX could happen, but what the OP said was just undirected FUD, rather than reporting things that are unclear and detailed like that, it's better to give advice such as don't store funds and assets on exchanges because it's dangerous.

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Don't tease us as to who's the next scam exchange, tell us so we have to know. You're only making it weird for everyone and yourself that you're doing this mystery evil corporation thingies, if you really wanted people to save themselves from all of this crazy happenings then shouldn't you be telling it to us already?

Quote from: doomloop on December 31, 2023, 03:46:21 PM

A lot of people lost money in the FTX collapse, and I'm pretty sure that even if they relaunch their platform, there won't be a lot of people who would entrust them with their funds, I also believe that a cryptocurrency trader or holder should never keep their funds in an exchange but they should keep them in a non-custodial wallet.

I don't think that relaunch is even a good idea for them because they're definitely going to be criticized and a lot of people are going to be skeptical of how they do things when it comes to being an exchange. No one's going to trust a thief the second time because no matter how much we say they've changed, there's still that feeling that they're going to do it again which is the most logical thing to do in the case of relaunch of FTX, don't use it anymore or it's now your fault when they inevitably scammed people again.

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Quote from: Awaklara on December 30, 2023, 07:32:02 PM

Quote from: shinratensei_ on December 30, 2023, 07:01:59 PM

Quote from: mich on December 30, 2023, 02:59:54 AM

Well now FTX is getting some bad responses for news about paying back its customers. Instead of paying them back at current crypto prices it will pay them back at much lower prices for the coins they owe to their customers.

Bitcoin price of $16,871, Ethereum price at $1,258, and Solana SOL at $16. Stablecoins usdt, tusd, and busd will be a few cents less then the $1 peg.

its such an asshole move coming from ftx, its always such deceptive move that they take for the sake of paying less, its not the customers fault that they can't use their money because its stuck in ftx wallet, ftx should be reimbursing with the current rate because reimbursing at price when it was still significantly lower is stupid thing, imagine if the price is dumping instead, would they still pay at the old rate or would they just give out the money in crypto.
this is why i would never ever gonna trust this shit exchange again they are just on another level when it comes to screwing up their customers even go such lengths to refuse to pay at the newest rate just because its beneficial for them, they could be reimbursing their all customers at the old rate maybe some people will be happy just because at least they got their money back but some people will definitely revolt, they deserve the money in crypto that they lost come back to be in form of crypto as well or if not at least at the newer rate.

it's a scam that FTX should not be committing in their efforts to recover their customers' assets. they should be aware that the assets held on their exchange are not just stablecoins. it is possible that whenever they make the return period there will be no change in value.
FTX's obligation is to return the assets to the customer in the same amount. there should be no more compromise. or they will be condemned for their policies.
Couldn't something like this also be a crime?

Yes I do agree with you. It is a crime but I do not think they will be punished for it. We can just hope no one does any more trades with the exchange after they do get their coins back from them.

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Quote from: the rise on December 31, 2023, 05:36:35 AM

I'm not updated enough with FTX. last I heard they were hit by a hacker attack. will this happen again on some other exchange? Yes, I store a lot of assets in a personal wallet, not on an exchange. it's only 10%, but it's quite worrying if it attacks binance. because people's trust in Binance is very high, can Binance overcome this attack if a hacker attack like what happened with FTX attacks them?

There were no attacks on FTX that caused the collapse they had suffered, but they went bankrupt and it was because SBF (Sam Bankman-Fried) was corrupt and he was using the money of their customers for business purposes or whatnot, I'm not completely sure but I know that it wasn't an attack that made the exchange collapse but they lost the money of their customers and they filed bankruptcy or were caught for illegally using the funds for personal or business reasons without the consent of the users.

A lot of people lost money in the FTX collapse, and I'm pretty sure that even if they relaunch their platform, there won't be a lot of people who would entrust them with their funds, I also believe that a cryptocurrency trader or holder should never keep their funds in an exchange but they should keep them in a non-custodial wallet.

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Quote from: Waldorf77 on November 28, 2023, 04:18:43 PM

It's not BINANCE it's not coinbase it's not kraken its not poloniex it's not it's not bybit.
Off course i don't say this in public wich one will be.
Well the same people are connected and it will happening next year when btc price will fall so the average person who invest can't get anymore cheap coins and he or she will be out of money aswell.
The old binance CEO knows but he can't talk.

I dont mention any name If you can think and are smart and you really understood you will know.

This is a free place and you can name anyone who you have any doubt about. If you are unable to provide any actual evidence of what you are talking about, this post does not hold any kind of meaning. Given the fact that it is a centralized exchange, anything could happen to it the same way anything could happen to other centralized platforms.

Why is people will use centralized platform and take advantage of it and when the work is done they should exit. Well that's how I do it. Deposit your asset, do whatever shit you want to do and then just withdraw all of them when the work is done. But that's not the fact. Be sure to provide enough information next time or you could get tagged for spam posting.

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Quote from: adaseb on December 31, 2023, 01:30:04 AM

Haven’t heard about Ftx 2.0 in many months. I think the trustees suggested it rebooting and that’s about it. I think it’s possible at the moment with all the funds they secured from the SOL and BTC gains but the issue is that it won’t be straight forward.

I don’t think they can simply just turn it back on and let everyone trade like before. There is just going to be too many challenges and due to this , I don’t see it actually making a reboot. Most likely people will get their funds back and it’ll be closed forever.

I think it would just be a failed attempt at reviving it, I mean many people think that even though the inside of it was bankrupted, the name still stands and while it was dragged through the dirt because it bankrupted with peoples money, it could be restarted and would be better than figuring out a new name to do it all. So that is why I believe that the best we could do right now would be something that would be a lot better for the long term.

I believe we should stay away from it as much as we could possibly stay away from and that would be a lot better for us all. I get that it will not be simple and I get that we are going to end up with our benefit in the end. Just stay away, and ignore any development made there.

Topic: Many traders will lose soon a lot the ftx 2.0 is ready (Read 462 times)