Quote from: CuriousGeorge on November 10, 2022, 11:34:59 PM

Quote from: omone1 on November 10, 2022, 02:04:08 PM

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.

Quote from: JustEducated on November 10, 2022, 05:16:29 PM

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.

yez in CZ's mind! that's what you get for not going all in BNB! but he tweeted he felt sorry for SBF who is now a peasant to them.

CZ is avoiding the regulators coming in to investigate FTX. he'd rather watch the exchange drown than getting tangled with all the scrutiny.
Justin Sun i think wants to chip into save the exchange. but this is just him being Justin again.