Topic: What are the chances of FTX raising funds... - page 2. (Read 717 times)
I think they can. It would take adventurous investors that are ready to waste millions of dollars. Never underestimate how people can create disasters. This type of situations happened many times in history.
SBF is a sick person and he is just trying to making story to get people sympathy. Why would someone invest in a exchange that is manipulated in technology and bankrupted. FTX is gone with investors money and that is the truth we have to accept. One thing the authority can do is seize SBF's all the wealth and company share and compensate affected investors.
Compensate?Thats easy to say but who would really be the one will really be obliging theirselves on compensating those users or investors had been affected? other than FTX itself.
Now speaking about raising funds? They are really having that thick face of theirs considering such step after all the things that had been done.
They had broken out that trust from the community specially into its investors or users which it is really that hard to trust them up again.
Now on speaking about on whats on mind on most people is that SBF should really be imprison for all of the things that he had done.
For users then its better not to expect something like recovery because its impossible.
SBF is a sick person and he is just trying to making story to get people sympathy. Why would someone invest in a exchange that is manipulated in technology and bankrupted. FTX is gone with investors money and that is the truth we have to accept. One thing the authority can do is seize SBF's all the wealth and company share and compensate affected investors.
According to the latest news, FTX has given up fighting against opinions and facts, so it chose to file for bankruptcy in court, of course this is the best step even though it makes many investors and consumers lose money, an important lesson for exchanges owners not to manipulate data.
How will they get over it? they have deceived customers by illegally using client funds and causing serious deficit of the exchange's budget. Their hack happened right after the exchange stopped withdrawing funds for investors and I believe the mastermind is none other than SBF. FTX has a budget deficit of up to 8 billion dollars, I think no one is brave enough to give money to SBF again, binance is the only hope but they flatly refused. If FTX can pass, I believe that no one will dare to use it anymore, trust cannot be bought, once trust is lost, there is no way to restore it.
The good factor for FTX is the fact that they could literally stop being an exchange and still profit from all the companies they bought. However, 8 billion dollars to be paid to customers cannot be found anywhere, and their companies do not worth that much neither.This means, they will need that money, pay customers back, and hope that the companies they have make enough income to pay the debt back. That’s not going to be an easy ask to any bank or any investor, plus the amount is huge enough that only a few places in the world could ever afford it, so you would have to pull it apart, like find 16 investors with 500 million for example type of deal, that’s even harder.
Your solution is not so bad but like I said, who would be brave enough to keep giving such a large amount of money to SBF again, with what he did and if you were you would you be willing to spend a lot of money on such an irresponsible, unethical person? I bet you won't and no one will dare to do that stupid thing again. The consequences of the FTX crash are certainly huge but let it happen and we'll get through it all without saving those who don't deserve it.
How will they get over it? they have deceived customers by illegally using client funds and causing serious deficit of the exchange's budget. Their hack happened right after the exchange stopped withdrawing funds for investors and I believe the mastermind is none other than SBF. FTX has a budget deficit of up to 8 billion dollars, I think no one is brave enough to give money to SBF again, binance is the only hope but they flatly refused. If FTX can pass, I believe that no one will dare to use it anymore, trust cannot be bought, once trust is lost, there is no way to restore it.
The good factor for FTX is the fact that they could literally stop being an exchange and still profit from all the companies they bought. However, 8 billion dollars to be paid to customers cannot be found anywhere, and their companies do not worth that much neither.This means, they will need that money, pay customers back, and hope that the companies they have make enough income to pay the debt back. That’s not going to be an easy ask to any bank or any investor, plus the amount is huge enough that only a few places in the world could ever afford it, so you would have to pull it apart, like find 16 investors with 500 million for example type of deal, that’s even harder.
Looks like SBF is at it again and basically trying to lure investors into investing into FTX. He is looking to raise +$6B or so. I think he is trying to sell some FTX bonds which are paying 10% per year for 3 years and then converted into common stock.
Now I realise that Bitfinex did something similar when they got hacked back in 2015. They raised I think $1B very quickly. And their valuation is much lower back then than FTX today. However they got hacked... SBF committed fraud.
They seem to generate $10-20B in volume daily and $1B in revenue per year. Seems like a profitable company however.... will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
I give this 10% chance of succeeding....
Now I realise that Bitfinex did something similar when they got hacked back in 2015. They raised I think $1B very quickly. And their valuation is much lower back then than FTX today. However they got hacked... SBF committed fraud.
They seem to generate $10-20B in volume daily and $1B in revenue per year. Seems like a profitable company however.... will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
I give this 10% chance of succeeding....
I would give 0% chance of succeeding. Also even if FTX will try to raise the funds, I am still not confident that they will be able to recover the people's money. FTX hack and drama is a nightmare for people who stored a lot of funds in that exchange. Also, those who invested in ftt tokens are in a severe loss.
Let's suppose FTX comes back, will you be confident to deposit and start trading there ? Even with the new CEO of FTX, i will never ever go back to FTX. I am done with it and accepted that my loss can never be recovered.
The price of FTX continues to decline and is likely to be below $ 0 in December, FTX must immediately look for large investors who can restore investor confidence, Luna is trying to rise even though it is still very difficult to recover, but top exchanges with millions of users should be easier to find investors so that market can rising again.
FTX still needs more time to tempt new investors to want to enter FTX, because old investors must still be traumatized to enter FTX and invest there again. But before FTX can get new investors for themselves, it's better if FTX wants to improve themselves to be better than before because this is very related to their trust from investors.Because changing the mindset of investors who have a bad opinion of FTX at this time is not an easy job for FTX, moreover they have to take a new option by looking for more new investors who don't know about the problems that have happened to FTX and that is something that is very difficult for FTX to obtain because their problem has been widely spread in large and well-known media.
It could still recieve support from its users especially those who were in that exchange for years. But unfortunately it won't be the same, obviously. What happened is still fresh and things might go the opposite such that just wasting time and money without people actually being one with them. A sincere apology would be first acknowledged if they are really regretting what happened. But if sincerity won't be seen, they should not waste effort of raising funds 'coz that won't work for sure.
lol this will die like what LUNA is tempting now.
I hate seeing such kind of expectation in this way because scam project must not be recovered .
Such scheme is present to many projects. To mention a few I know; cryptoblades, defipet (well yeah, I've witnessed it more on p2e era) wherein on the downfall of the game they will be tempting players for hope that the project will again rise . But things just continue like a cycle.
The price of FTX continues to decline and is likely to be below $ 0 in December, FTX must immediately look for large investors who can restore investor confidence, Luna is trying to rise even though it is still very difficult to recover, but top exchanges with millions of users should be easier to find investors so that market can rising again.
means one thing , that these 2 projects will never get to top again and after what happened? do we really expect this to return like there is nothing happened about scam?lol this will die like what LUNA is tempting now.
I hate seeing such kind of expectation in this way because scam project must not be recovered .
will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
But I'm sure FTX will be able to get through these difficult times. It's a great exchange, they will find investors who will pump the FTX price. They're hacked. Not committing fraud against investors, so that trust in the team is still well established even though people are already hesitant to use the exchange. Exchange hacking is nothing new. This has also been experienced by other exchanges, of course the exchange owner will find a solution in this case as was done by the previous exchanges.How will they get over it? they have deceived customers by illegally using client funds and causing serious deficit of the exchange's budget. Their hack happened right after the exchange stopped withdrawing funds for investors and I believe the mastermind is none other than SBF. FTX has a budget deficit of up to 8 billion dollars, I think no one is brave enough to give money to SBF again, binance is the only hope but they flatly refused. If FTX can pass, I believe that no one will dare to use it anymore, trust cannot be bought, once trust is lost, there is no way to restore it.
FTX does not have the assets or the money to do this, and it is unfair to expect for someone else to pay for such a thing when they are not responsible for this debacle, so at best those which lost money with FTX could recover a small percentage of their capital and then FTX will disappear.
I don't think anyone or the company will be fundraising to cover the loss because FTX should be responsible for recovering customer losses from the reserve fund and not submitting free fund request proposals to others, the reputation of the FTX exchange has been damaged and no one will want to partner with them and no fundraising approved unless it's just bullshit news, so don't expect FTX to recover and avoid FTT coin investment, don't expect coin to increase significantly like recovery of Luna coin price after dump. 
The price of FTX continues to decline and is likely to be below $ 0 in December, FTX must immediately look for large investors who can restore investor confidence, Luna is trying to rise even though it is still very difficult to recover, but top exchanges with millions of users should be easier to find investors so that market can rising again.
means one thing , that these 2 projects will never get to top again and after what happened? do we really expect this to return like there is nothing happened about scam?lol this will die like what LUNA is tempting now.
I hate seeing such kind of expectation in this way because scam project must not be recovered .
The price of FTX continues to decline and is likely to be below $ 0 in December, FTX must immediately look for large investors who can restore investor confidence, Luna is trying to rise even though it is still very difficult to recover, but top exchanges with millions of users should be easier to find investors so that market can rising again.
Although on paper he has resigned as CEO of FTX, I believe he is still running things. As far as I know, the resignation is in his favor because if FTX does not raise capital to restore business, FTX will officially go bankrupt at that time as the CEO of FTX, he will not be able to start a new company or participate in any other projects. This is why he resigned shortly after FTX filed for bankruptcy, but if they can really successfully raise capital to get back in business, he will definitely return as CEO.
I really hope he fails to raise the money, we do not need people like him in the market since the only things he knows how to do is to deceive people, defraud them and to give a bad reputation to this market.And while it is tragic the loss of money that all of those people which were deceived by him have suffered, we do not need even more people to lose their money as well, because even if he succeeded and saved FTX from disappearing, this will only raise the number of victims that will suffer at his hands in the future once this happens again.
I don't know if your thinking is correct or not, currently according to user statistics on FTX up to 1 million users and their debt is said to be 8 billion. That means a lot of people are losing money on it, which is a tragedy. If he can raise funds or find sponsors, I don't think shareholders will let him run the company again with what he did. So I hope someone will come forward to support or buy back FTX so investors have a chance to get their money back.
FTX does not have the assets or the money to do this, and it is unfair to expect for someone else to pay for such a thing when they are not responsible for this debacle, so at best those which lost money with FTX could recover a small percentage of their capital and then FTX will disappear.
Although on paper he has resigned as CEO of FTX, I believe he is still running things. As far as I know, the resignation is in his favor because if FTX does not raise capital to restore business, FTX will officially go bankrupt at that time as the CEO of FTX, he will not be able to start a new company or participate in any other projects. This is why he resigned shortly after FTX filed for bankruptcy, but if they can really successfully raise capital to get back in business, he will definitely return as CEO.
I really hope he fails to raise the money, we do not need people like him in the market since the only things he knows how to do is to deceive people, defraud them and to give a bad reputation to this market.And while it is tragic the loss of money that all of those people which were deceived by him have suffered, we do not need even more people to lose their money as well, because even if he succeeded and saved FTX from disappearing, this will only raise the number of victims that will suffer at his hands in the future once this happens again.
I don't know if your thinking is correct or not, currently according to user statistics on FTX up to 1 million users and their debt is said to be 8 billion. That means a lot of people are losing money on it, which is a tragedy. If he can raise funds or find sponsors, I don't think shareholders will let him run the company again with what he did. So I hope someone will come forward to support or buy back FTX so investors have a chance to get their money back.
Although many are pessimistic that FTX can rise, but I think if FTX can prove all the plans that are on their social media it will create very high trust from investors, we will see if by the end of the year FTX will convince users or not
how this can rise after what happened ? FTX is going nowhere but to die and also this fund raising will bring nothing to anyone so why need to invest in this when the chance of dumping more is there .I never believe this one and lucky that never that I trust some friends that tries me believing that this will be on top sooner because look at it now.
I give this 10% chance of succeeding....
I believe that there are still few that would bite on this. Like, they're thinking that this is crypto and it can be dumped fast but the same as the opposite of it, recovery.
Those that have the funds and can afford to lose it for the second time around would take the gamble. But as for me, I'd never touch any of these shits from FTX/Alameda.
Investors are not that stupid mate , Not unless those who we can call risk taker but I doubt that there are even single of them that will take this .Those that have the funds and can afford to lose it for the second time around would take the gamble. But as for me, I'd never touch any of these shits from FTX/Alameda.
FTX has officially registered bankruptcy and war with Binance, hopefully it ends, of course manipulation will be difficult to cover for a long time, in the past I also held and actively trading in FTX even when I was still named Liquid, but since the market drop I left FTX let alone the more expensive transaction costs .
this will not end that short time mate , FTX will not win against binance .
FTX has officially registered bankruptcy and war with Binance, hopefully it ends, of course manipulation will be difficult to cover for a long time, in the past I also held and actively trading in FTX even when I was still named Liquid, but since the market drop I left FTX let alone the more expensive transaction costs .
will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
But I'm sure FTX will be able to get through these difficult times. It's a great exchange, they will find investors who will pump the FTX price. They're hacked. Not committing fraud against investors, so that trust in the team is still well established even though people are already hesitant to use the exchange. Exchange hacking is nothing new. This has also been experienced by other exchanges, of course the exchange owner will find a solution in this case as was done by the previous exchanges. 
Looks like SBF is at it again and basically trying to lure investors into investing into FTX. He is looking to raise +$6B or so. I think he is trying to sell some FTX bonds which are paying 10% per year for 3 years and then converted into common stock.
Now I realise that Bitfinex did something similar when they got hacked back in 2015. They raised I think $1B very quickly. And their valuation is much lower back then than FTX today. However they got hacked... SBF committed fraud.
They seem to generate $10-20B in volume daily and $1B in revenue per year. Seems like a profitable company however.... will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
I give this 10% chance of succeeding....
Now I realise that Bitfinex did something similar when they got hacked back in 2015. They raised I think $1B very quickly. And their valuation is much lower back then than FTX today. However they got hacked... SBF committed fraud.
They seem to generate $10-20B in volume daily and $1B in revenue per year. Seems like a profitable company however.... will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
I give this 10% chance of succeeding....
I give it 0%. It's basically an official Ponzi scheme and it involves using payment collected from new investors (FTX bonds) to pay off the earlier investors.
I agree that FTX has failed and there will be no chance of returning. However, it should be noted that FTX is not a ponzi scheme, as there is no proof or indication that FTX operates as a ponzi scheme. It was a centralized exchange and their downfall was due to their misuse of funds causing instability in their business or maybe this is a battle between rivals, unfortunately FTX lost. But I'm sure it's not a ponzi scheme.
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