Post
Topic
Board Altcoin Discussion
Re: FTX exchange is going to be bankrupted. What happens to FTX Token?
by
Minecache
on 12/11/2022, 10:12:32 UTC
Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.

Condolences when you are a victim of FTX again and it is not a small amount. FTT is the native token of FTX, once FTX goes bankrupt and ceases to exist, it means that no one will develop and use this FTT anymore, it will soon disappear on CMC.

Currently, FTX has only filed for Chapter 11 bankruptcy, which means there are 3 months left to negotiate with investors and partners to find a solution. If an agreement is reached or funded, the possibility of them coming back to life is still there, but the possibility is very low. There have been some cases of companies resurrecting after filing for bankruptcy but it has only happened with media companies, crypto companies have not had any cases yet.