Code:
"Update: closing trade on pair FTC\BTC was a mistake. We will not close FTC\BTC."
https://btc-e.com/news/185
What a shitty move, BTC-E. Way to scam your customers. They announced that FTC would be delisted and then as soon as it dipped to less than half it's value they said "Oops! Our mistake!"
I lost a lot of money because of this scam.
How can anyone trust this exchange now? 
You mean like how Litecoin isn't going to GOX? Exchanges have many other ways to make money then just trading fees. They are clever. Maybe not nice, but clever. It goes to show just how speculative FTC is. If you sold, even low, you are better to be out of it in the long run.
Ouch, some people last 75% in a few minutes. One graph I saw had a negative number showing on the Y axis it went down so far!