Post
Topic
Board Altcoin Discussion
Re: FTX exchange is going to be bankrupted. What happens to FTX Token?
by
tabas
on 13/11/2022, 14:53:17 UTC
Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.
Sorry to hear that. They've been hacked just this day and the filing of bankruptcy really makes sense at all because the remaining funds that's assigned that's likely to pay for their customers, it's no longer there.
I've heard that some has been retrieved but I don't think that this is going to be enough to pay the millions of users that have trusted their funds onto them and sadly, you're one of those. It's a big lesson that everyone will learn from this incident.

Obviously, it's an inside job. They misused customers' funds and now they stole the last remnant of the customer's money.
That makes sense and now, Sam is on the loose and I guess he's trying to escape with his jet as per the news[1] that I've seen. But also, it's said that he's still in Bahamas and we don't know when he's going to be out of the radar. It's possible that he'll just disappear, with the ruckus that he's made, very likely to happen.
[1] Flight Radar Report Shows FTX Co-Founder's Private Jet Flew to Argentina, SBF Says He's Still in the Bahamas