Hi All,
FTX is filing for bankruptcy. Do any Crypto masters know what will happen to FTX Token? Will it get delisted? Sad day for the crypto space.
Since the website had been hacked then that is a big problem for the team and the FTX assets. Hearing about the hack and how the crypto market was affected by this huge loses makes me ponder on who is next to have this similar problem.
Many investors would ha e lost their hard earned money for those who had coins on the platform with their life savings. This is why keeping fund in wallet is better than keeping it on exchanges.
There are still some risks to keeping all the funds in your wallet. It can be lost or stolen. Putting it in a couple of different locations is safer. keep some in your wallet and some in exchanges.