Post
Topic
Board Speculation
Re: What are the chances of FTX raising funds...
by
GreatArkansas
on 17/11/2022, 01:29:58 UTC
(.....)
Now I realise that Bitfinex did something similar when they got hacked back in 2015. They raised I think $1B very quickly. And their valuation is much lower back then than FTX today. However they got hacked... SBF committed fraud.
Exactly! This is what other people also suggesting, FTX can do what Bitfinex did before. FTX Exchange is a huge exchange, I believe it is the second biggest exchange after Binance and as you can see, their trading volume is huge too, so what if they continue to operate and continue to earn money by trading fees and other exchange-related operations?

On the other side, FTX did something terrible, suspected that they used customer's fund, so the issue here is different from Bitfinex before which I believe it's very difficult to regain trust of people again.