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 would they retain their trust? They have made every single bad move in the book. They have deceived customers and they have deceived everyone in the crypto space. They are not promising things that they cannot deliver and I think Binance was their best opportunity to get out of this situation. That did not happen because Binance did not think it was beneficial so how would any other investors with prolly a smaller investment fund be convinced that they could save a exchange that prolly has a reputation similar to mt gox? 
Topic: What are the chances of FTX raising funds... - page 3. (Read 702 times)
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.
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
Do you even know the full scope for the total loss FTX has? There’s a lot of project connected on it and probably the money being distributed on this project came from the funds of FTX users stuck now on the exchange since there’s no real asset backing on there balance. Whoever shit who will invest on FTX will carry the billion dollar debt of FTX with extra difficulty since they can’t be trusted anymore as CEX. There’s no future on this brand in my humble opinion.
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
In my opinion, everything that happens from the news to their statements is just an act of buying time and distracting people. Once it has crashed there is no way to recover it. In the history of cryptocurrency, there has not been a project that has been able to recover and pay investors after the crash. It's all just a trick.
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
FTX released a statement today which sounded the opposite of what the liquidator said a few days back. They are saying that many of the companies that FTX ownes are not debtors. Such as ledgerx. So they think they can get some of their companies sold or restructure and perhaps resume operations which I find hard to believe.
A few days back the liquidator said he worked on Enron’s case and FTX is much worse and now he is saying he can restructure efficiently. No idea who to believe anymore.
A few days back the liquidator said he worked on Enron’s case and FTX is much worse and now he is saying he can restructure efficiently. No idea who to believe anymore.
I don’t think people are stupid enough to trust FTX again, even though the celebrities caught with now worthless stakes in the company are acting like they would lend to Sam again, it’s clear they’re saying it only with the hope of being able to recover something. Likely these same people will be suing Sam once this mess is over and they will suddenly have a change of heart. Don’t touch FTT, don’t touch FTX, and if you’re lucky enough to have gotten your funds off of exchanges before all this happened, celebrate and get ready for the next shoe to drop.
Call them stupid but there would really be people who would be still trusting up this company despite of the disaster that they are experiencing now.Just like some people been saying above that the deal wasnt really that a bad offer after all on which there might be still someone who do get interest and would take a shot if ever this company would really be gaining trust up again but basing off on past or historyon exchanges who had been hacked or faced up some issues back in the past where they didnt able to recover which means if they do really mind off and think off
well in speaking with the risk then its impossible for them to consider on putting up some funds.
Stupid like Kevin Oleary who was asked if he'd still going to invest with SBF after all the mess. Kevin is definitely not into crypto based on what he said. The community will not ever trust again a company that caused people to lose funds.
But maybe he could get funds still. The media is now representing him as the victim to which its CZ caused the FTX to collapse. And CZ is represented by the media to be deeply connected to CCP. We are really going to see a twist soon.
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I also see the FTX case which is slightly different from the cases that have happened to other exchanges in the past and yes Binance is still very good and is still very much trusted by many investors and traders as the best exchange that has existed and is still good until now. FTX is really facing a very different and big disaster at this time so I personally also don't know how FTX is able to solve its big problem at this time.
There are indications of fraud that FTX is trying to perpetrate through its tokens, the Alameda Research company actually filled the token value with a rather dubious amount and it is possible the asset was artificially strengthened, the doubts caused Binance to dump all of the token's value. This triggers others to panic and don't want to get into trouble, thereby simultaneously dumping the tokens on the market.On closer inspection, this would be very difficult to recover from, and FTX is facing real bankruptcy, rumors circulated that FTX founder Sam Bankman Fried was beginning to be monitored by local police, for possible indications of his escape.
After the ftx exchange incident, it makes us must always be vigilant, even the recommendation not to save money in exchanges is increasingly voiced by influencers, it is better to make exchanges for fast transactions that is when we deposit and then want to exchange and after completing then immediately pull it to the cold wallet have full control.
Another day has passed and the mess with FTX keeps getting weirder and weirder. Basically it was uncovered that sbf had like $1b that he loaned himself from FTX with user funds. Opened some shell company or whatever it’s called under some Paperbird Inc account.
Now there is word that the hacker of FTX was actually the Bahamian government which did it to protect the assets. Makes no sense since he sold assets on the market with huge slippage. Getting messier as the days go by.
If they are truly the hacker then there must be a sanction for this act? yeah they are only protecting their assets still this is hacking and not allowable by the laws?Now there is word that the hacker of FTX was actually the Bahamian government which did it to protect the assets. Makes no sense since he sold assets on the market with huge slippage. Getting messier as the days go by.
Many say that Next Exchanges like FTX will happen again, of course this is a big shock that makes us have to be vigilant, even I have withdrawn all assets in Exchanges such as Binance, HitBTC and others.
if exchange will be hacked that easy then we have been hacked from long time, but also there is no way that we will allow our money inside exchange overnight , take it out after trading . 
Yesterday FTX could rise more than 18% but now the price of dropping again is around 12%, I am not holding FTX and I sell when the price is around $ 6 or about 10 days ago, and in my opinion FTX makes investors very panic because they are afraid that there will be many exchanges which freeze assets or becomes a scam.
Companies which invest can write off losses against profits (tax deductibles etc.) and not suffer in the same way private investors would with their own money. Its risky but if they can see any upside such as gaining a customer base or some kind of crossover venture perhaps to reinvent the exchange I guess anything is possible. Nicehash lost everything right and somehow came back from that as I remember though I was surprised they did it
I don’t think people are stupid enough to trust FTX again, even though the celebrities caught with now worthless stakes in the company are acting like they would lend to Sam again, it’s clear they’re saying it only with the hope of being able to recover something. Likely these same people will be suing Sam once this mess is over and they will suddenly have a change of heart. Don’t touch FTT, don’t touch FTX, and if you’re lucky enough to have gotten your funds off of exchanges before all this happened, celebrate and get ready for the next shoe to drop.
Call them stupid but there would really be people who would be still trusting up this company despite of the disaster that they are experiencing now.Just like some people been saying above that the deal wasnt really that a bad offer after all on which there might be still someone who do get interest and would take a shot if ever this company would really be gaining trust up again but basing off on past or historyon exchanges who had been hacked or faced up some issues back in the past where they didnt able to recover which means if they do really mind off and think off
well in speaking with the risk then its impossible for them to consider on putting up some funds.
I don’t think people are stupid enough to trust FTX again, even though the celebrities caught with now worthless stakes in the company are acting like they would lend to Sam again, it’s clear they’re saying it only with the hope of being able to recover something. Likely these same people will be suing Sam once this mess is over and they will suddenly have a change of heart. Don’t touch FTT, don’t touch FTX, and if you’re lucky enough to have gotten your funds off of exchanges before all this happened, celebrate and get ready for the next shoe to drop.
Basically, not all of the news are true, some of them are made up so that people could get attention. If I wrote a story about how SBF just used all of the money on buying some island and had a deal with Panama and now he will live like ruler of that island with his friends and do whatever he want there and nobody will care as long as he pays money to Panama government, that would get some readers, it's easy, it’s a fake story I just made up, but it will get readers.
That’s why people do it, they want to get attention, either to turn that attention into money, or they want to make sure that they get attention just because they need it personally since they cannot get it anywhere else.
That’s why people do it, they want to get attention, either to turn that attention into money, or they want to make sure that they get attention just because they need it personally since they cannot get it anywhere else.
Binance is a large exchange, they will not be involved in reputational affairs that will destroy the company they have built and it seems that unlike the Binance hacking case in the past with the case that happened to FTX, this is not affiliated with the case of Binance withdrawing from FTX. While FTX is really at stake and it is very difficult to restore its reputation.
I also see the FTX case which is slightly different from the cases that have happened to other exchanges in the past and yes Binance is still very good and is still very much trusted by many investors and traders as the best exchange that has existed and is still good until now. FTX is really facing a very different and big disaster at this time so I personally also don't know how FTX is able to solve its big problem at this time.Quote
Talking about the law, there is a context to the two demands, the first is civil and the second is criminal. No one is able to explain which domain the FTX case falls into. What I understand is that if the FTX case falls into the civil category, then the payment of compensation will make them free from all charges, but it is different if FTX is faced with criminal charges.
I also can't give more comments about what kind of punishment will be very suitable for the FTX case, because I'm also not an expert in the field of law (both civil and criminal) so I still need some more research on this matter to be able to. concluding that the punishment is very suitable for a case like that experienced by FTX. 
Another day has passed and the mess with FTX keeps getting weirder and weirder. Basically it was uncovered that sbf had like $1b that he loaned himself from FTX with user funds. Opened some shell company or whatever it’s called under some Paperbird Inc account.
Now there is word that the hacker of FTX was actually the Bahamian government which did it to protect the assets. Makes no sense since he sold assets on the market with huge slippage. Getting messier as the days go by.
Now there is word that the hacker of FTX was actually the Bahamian government which did it to protect the assets. Makes no sense since he sold assets on the market with huge slippage. Getting messier as the days go by.
I really don't know what is the final correct information, there is too much news but no concrete proof. The news you say you have also read but don't think it's true, FTX has a business registration in Bahamian, so when something goes wrong they have the right to intervene and freeze all FTX assets in their country, there's no reason for them to attack FTX themselves. If the Bahamian government is the attacker of the FTX there is no reason for them to arrest the SBF for investigation, with that action they also become criminals.
Another day has passed and the mess with FTX keeps getting weirder and weirder. Basically it was uncovered that sbf had like $1b that he loaned himself from FTX with user funds. Opened some shell company or whatever it’s called under some Paperbird Inc account.
Now there is word that the hacker of FTX was actually the Bahamian government which did it to protect the assets. Makes no sense since he sold assets on the market with huge slippage. Getting messier as the days go by.
Now there is word that the hacker of FTX was actually the Bahamian government which did it to protect the assets. Makes no sense since he sold assets on the market with huge slippage. Getting messier as the days go by.
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Binance will not be bad because of this case, because in the past Binance has also been hacked but is able to restore its trust in everyone by taking full responsibility for things that are not wanted by its users. But for FTX I still doubt whether the exchange will be able to restore its trust in everyone in the future.
Binance is a large exchange, they will not be involved in reputational affairs that will destroy the company they have built and it seems that unlike the Binance hacking case in the past with the case that happened to FTX, this is not affiliated with the case of Binance withdrawing from FTX. While FTX is really at stake and it is very difficult to restore its reputation.Quote
Actually it's not complicated, but some people may not know how the law works there in cases like this. So that further investigation is still needed so that we can understand how the legal process is there for cases that occur on exchanges such as FTX which have gone viral in almost all media.
Talking about the law, there is a context to the two demands, the first is civil and the second is criminal. No one is able to explain which domain the FTX case falls into. What I understand is that if the FTX case falls into the civil category, then the payment of compensation will make them free from all charges, but it is different if FTX is faced with criminal charges. 
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 think people are well aware of the fraud SBF committed, only those who are close to him or his family will possibly invest to FTX. I would give this fundraising 5% at most to succeed. Besides, I believe many investors will follow CZ 's example of not committing to taking over the FTX since there are already irregularities and investigations from the authority. There is also this hacking incident that further demerit FTX capability in security. So people may think that it is possible that the fund raised will be hacked too.
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