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Topic: what is your lost from FTX collapse (Read 1041 times)

jr. member
Activity: 322
Merit: 1
Bitcoin the future of finance
February 03, 2023, 04:54:59 PM
Fortunately i dont have funds on FTX , But i keep my active funds on Binance exchange for trading and withdraw purposes and with this incident we need to complete secure our funds ,
And keeping our funds in our wallets means now we are responsible for any hacking incident or any lose,
So use tips and tricks to use hardware wallet with proper security because in crypto you are the oner of your own funds no one can recovers these .
full member
Activity: 784
Merit: 108
February 02, 2023, 07:46:48 PM
Honestly, the FTX crash didn't affect my portfolio, nor did it cause any direct loss.  Because I don't trade on FTX nor hold them.  Most of the altcoins I held at the end of December 2021, when the market started to fall, it lost big.  In general, I think the FTX disaster was just a small accident for the market at that time and its impact on user psychology will be more.
hero member
Activity: 2786
Merit: 606
January 31, 2023, 03:13:40 PM
when trust is lost, there is no exchange that you can use to store your assets. the best is your personal wallet. But you also need an exchange to trade. I still trade on Binance and it's my place to make profits. it's risky but it's each individual's responsibility, I also don't fully believe it. Binance is still my choice of course. make periodic withdrawals when it's better than depositing it in an exchange wallet.
I also didn't lose my assets on FTX, because I didn't use the FTX Exchange at all. But I lost trust All crypto exchanges, the mode is the same. In time ponzi will collab.

Fud to binance has been thousands of times and all of them have not worked, because I also believe that binance can survive because from the inside the roots are already strong. However, yes I agree with you, it's better to keep assets in a cold wallet that makes us a little safer.
But, not all FTX users did lose their assets because they always make it a habit to withdraw right after using an exchange as they are also aware about the dangers of keeping funds inside it. I think those who got badly affected are the ones who invest on the native token of FTX which is FTT because it also suffered after the collapse of the exchange.

Even though we have no involvement in FTX whatsoever, we are still affected indirectly because the incident causes an impact to the crypto market but luckily that was over and the market have now recovered. There are still trusted exchanges out there but we shouldn't only give all of our trust on them.
full member
Activity: 616
Merit: 118
January 31, 2023, 01:20:24 PM
when trust is lost, there is no exchange that you can use to store your assets. the best is your personal wallet. But you also need an exchange to trade. I still trade on Binance and it's my place to make profits. it's risky but it's each individual's responsibility, I also don't fully believe it. Binance is still my choice of course. make periodic withdrawals when it's better than depositing it in an exchange wallet.
I also didn't lose my assets on FTX, because I didn't use the FTX Exchange at all. But I lost trust All crypto exchanges, the mode is the same. In time ponzi will collab.

Fud to binance has been thousands of times and all of them have not worked, because I also believe that binance can survive because from the inside the roots are already strong. However, yes I agree with you, it's better to keep assets in a cold wallet that makes us a little safer.
member
Activity: 924
Merit: 12
January 30, 2023, 08:14:15 PM
I never used FTX not because i didn't put my trust on it or because i expect such things to happen but i was simply lucky to not use or need ftx, im here since 2017 but i only used few number if exchanges, the only exchange that im using continuously now is Bybit
newbie
Activity: 35
Merit: 0
January 30, 2023, 04:10:31 AM
It didn't have any effect, but it brought me a wake-up call. Generally I don't care much about these. People are used to keeping their money in banks, and crypto is no exception. But traditional banks are guaranteed by the government. In encryption, I believe in Binance. Even then I didn't give all my money to the exchange. Not all exchanges are safe.
newbie
Activity: 130
Merit: 0
January 28, 2023, 10:36:58 AM
I have lost 350$ for FTX Collapse. I only buy as deep as I can. But in the end I lost $350
hero member
Activity: 2212
Merit: 504
December 07, 2022, 06:33:49 PM
investing in their ftt token might be the dumbest thing of this decade thinking it would become the next binance but turns out it's just a shit coin, I guess there's reason why binance still leads until now mainly because they are more transparent and always shows their reserve unlike the other exchange that's didn't intend to disclose their reserve, I guess it's just better investing in BNB instead considering the platform is showing good intention, unlike the others that you still don't know the state of their reserves.
copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
December 07, 2022, 06:29:32 PM
Lost around 90k$ feeling sad but all in with cryptos till the end!
90,000 USD is a lot of money. Wondering what made you think that it was safe to store coins that worth a huge sum of money? Is it that you knew things like this happens, but you thought or never imagined that it will happen to you? How did you feel before when you used to read about exchange hacks and people shouting not your keys not your coins? Didn't it make you think even a little about moving your coins? At least you aren't giving up on crypto, but you did learn a lesson from it.
hero member
Activity: 924
Merit: 518
fillippone - Winner contest Pizza 2022
December 07, 2022, 06:27:10 PM
Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
I saw in Twitter that so persons loses heavily from the FTX bankruptcy which created a lot of disaster for many families that has funds in the exchange. Although there was a sign and tweets from reputable investors and traders advising people to withdraw there funds from the exchange but many thought it was a joke and  for those that never heard of that, it make them have some much excruciating feelings. It is just funny to funny out that the CEO was never feeling any guilty for people losing so much funds without any backup.
legendary
Activity: 2268
Merit: 1074
Youtube Channel = Aak Zaki
December 07, 2022, 02:08:32 PM
I did not loose money, but I lost another thing which is very important which is trust. I lost trust in all exchanges and all CEO's that own exchanges, not even considering if they are reputable or not. Money that people lost can be gotten back not as easy as trust that has been lost or broken. It is lesson that I have learned, a lesson that will not be easily forgotten. Bigger lesson from the sadder situation of people who lost both money and trust.
when trust is lost, there is no exchange that you can use to store your assets. the best is your personal wallet. But you also need an exchange to trade. I still trade on Binance and it's my place to make profits. it's risky but it's each individual's responsibility, I also don't fully believe it. Binance is still my choice of course. make periodic withdrawals when it's better than depositing it in an exchange wallet.
newbie
Activity: 35
Merit: 0
December 07, 2022, 11:08:11 AM
Lost around 90k$ feeling sad but all in with cryptos till the end!
legendary
Activity: 1694
Merit: 4213
December 07, 2022, 10:44:53 AM
#99
https://www.ft.com/content/aaa4a42c-efcc-4c60-9dc6-ba6cccb599e6
Revealed: the Alameda venture capital portfolio
A look inside Sam and Caroline’s grab-bag of crypto, etc.

https://twitter.com/WuBlockchain/status/1600169501236264960
"FT discloses all investment portfolios of FTX/Alameda, The disparate bundle of nearly 500 illliquid investments is split across 10 holding companies. The total investment value is given on the spreadsheet as in excess of $5.4bn."
sr. member
Activity: 2016
Merit: 306
December 06, 2022, 11:07:04 PM
#98
Have been longer time not exist transaction in FTX exchange market and I don't have any fund loss there when FTX collapse, usually for trading I used with my local exchange because have pair with local currency and make it excited, but ever I used with FTX exchange for converting ETH as fees transaction when still active trade with dapp exchange like Uniswap or Quickswap with ERC20 network.

I don't sure with FTX back later for recovering how much user fund loss because not positive feedback from the owner about their responsibility, better forget for all user FTX and try other way to recovery with how much money loss in FTX account.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
December 06, 2022, 08:49:01 PM
#97
Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

Well, I lost nothing since I'm not a fan of that FTT token and not even using FTX exchange, it's true that we should keep our crypto in a hardware wallet or personal wallet which we have the keys to open it. Since that case happen PoR will boost our confidence again in the centralized exchange. 
hero member
Activity: 885
Merit: 510
December 06, 2022, 06:51:01 PM
#96
I'm also one of the fortunate people who didn't lose much, but two of my friends lost crypto there...

IMHO the worst losses happened to the margin traders. People who trade with positions and leverage, and have to leave their assets in exchanges. As if liquidations and shadows aren't bad enough, they have to lose their money to exchange hacks and bankruptcies like this. Cry
donator
Activity: 4718
Merit: 4218
Leading Crypto Sports Betting & Casino Platform
December 06, 2022, 03:11:44 PM
#95
Luckily, I didn't have so much as an FTX account.  I always thought it was a bit strange that Sam Bank-Fraud came out of nowhere and suddenly seemed to rule the crypto market.  I had never even heard of FTX when they started buying up assets and naming stadiums.  We were supposed to believe Sam was this amazing trader who profited in the billions and always cashed out at the top.  Nothing could be further from the truth.  The guy was stealing people's money and buying shitcoins with them.  He is literally the worst thing that's happened to Bitcoin in a long time.  Want to know why we didn't hit $100K+ in the last bubble, because Sam was taking everyone's money and buying shitcoins with them while telling them they owned BTC (they didn't).  He's the devil as far as Bitcoiners are concerned.
jr. member
Activity: 840
Merit: 4
December 06, 2022, 02:42:30 PM
#94
Sorry bro, I don't leave tangible funds on centralized exchanges, not FTX anyway. I have a horror of leaving my funds there after Mt Gox. Most of my trades are via dexes anyway. But there is hope now. I heard FTX Japan is opening up withdrawals soon
sr. member
Activity: 1400
Merit: 340
December 06, 2022, 10:38:13 AM
#93
Due to huge crypto exchange FTX bankruptcy . what is your lost amount?
I did not loose money, but I lost another thing which is very important which is trust. I lost trust in all exchanges and all CEO's that own exchanges, not even considering if they are reputable or not. Money that people lost can be gotten back not as easy as trust that has been lost or broken. It is lesson that I have learned, a lesson that will not be easily forgotten. Bigger lesson from the sadder situation of people who lost both money and trust.
full member
Activity: 2464
Merit: 209
Eloncoin.org - Mars, here we come!
December 06, 2022, 07:01:31 AM
#92
Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
Never that i have been lured towards this one and from the beginning I never trust the Idea of FTX and my guts saves me while many of my friends not.
they invest more than they can afford for complete trust and they even mock  me recently because of the good return but lucky that i did not pay attention lol.
To be honest, I think I lost $4,000 - $5,000 on FTX Exchange.
The dumbest thing I did was when there was already a rumor about FTX, I still deposited $4,000+ to this exchange because I want to convert the crypto I sent to another chain like I used FTX Exchange as a bridge. And after that, my withdrawal started can't process.
sad to hear that mate, that is big amount for small investors like me.
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