Quote from: LogitechMouse on Today at 02:03:38 PM

Many people lose money in LUNA and now many people lost money again in FTX (particularly investing into FTT token).

If you throw your money away at centralized shitcoins then this is to be expected. We've seen the exact same thing countless times before.

Quote from: LogitechMouse on Today at 02:03:38 PM

I personally don't use that exchange and I'm only using Binance

Don't fool yourself in to thinking Binance is any safer. Your coins are at risk.

Quote from: DapanasFruit on Today at 02:16:00 PM

Now, no matter how we take things here lightly, this is a very sad week for the whole cryptocurrency as this unfolding situation is a big blow to its core.

This is a big blow to centralized exchanges and centralized scam coins. It is not a big blow to bitcoin. If anything, the more people who avoid centralized exchanges in the future because of events like these, then the better for bitcoin long term.

Quote from: LogitechMouse on Today at 02:03:38 PM

Of course, am not worried of its survival because it will but this can surely set us many years backward.

It will set some individuals back many years if they have lost a large amount of their money to such a scam. It will not set bitcoin back at all. Go and read the bitcoin GitHub or the bitcoin mailing list. Development continues just as it always has, with not a single mention of these events. Bitcoin doesn't care for centralized exchange trash.