It's a very reckless behavior from FTX team, mishandling customers fund, this has damaged their reputation. With this FTX failure, people will now be very much afraid of CEX. I personally hold significant of my fund on on my private wallets. DEX has made a lot simple.
No it's not. DEX has the same risk as CEX, once your dex got drained or hacked and it will have the same fate as FTX. There's no safe place in crypto. The problem is using people's money to invest in another project through its VC was the biggest mistake by SBF.
This gonna be a long term problem. Alameda needs to liquidate all of its assets even its company to give small liquidity for the users of FTX.
Alameda fucked us.
To me, this seems like some kind of manipulation.
And just when the market is recovering CZ and FTX issue came up.
No wonder we're always adviced not to save our funds in Central system.
What manipulation? all of truth being revealed. Look at the tweet that already made by fuckin alameda CEO. CZ was just trying to test the liquidity from FTX. it seems like that CZ aware about the truth in alameda and FTX. that's why he was deciding to dump all of its FTT to the market.
Nice cash for CZ but CZ was also fucked so many FTT holders / retail investors.