Quote from: wiss19 on November 23, 2022, 04:39:34 PM

Quote from: iamverybusyperson on November 21, 2022, 12:05:37 PM

What do you think about the FTX crypto exchange collapse?
The ex-management of FTX was accused of concealing the illegal use of client funds.

Just like the others, I think of it as one of the major (negative) event in the history of crypto and it affected the price pretty badly. Using the customer's funds without their permission is a shady act but if not only because of this, the exchange won't suffer hard.

What can we do? It is already over but the people who got damaged are only seeking justice. Sbf and those who help him must pay big for this but before it, we have the Russia and Ukraine war of course but this doesn't directly impacted cryptos.

There are even positive events that happen like Ukraine and Russia have adopted crypto. That should have improved the price if not because of the other negative news including the collapse of FTX.

Yes, obviously we have seen the effect of the FTX collapse, it's worth billions when a lot of big time investors being duped by SBF as well. So it's hard to recover from time specially that we still have the war looming in the background, inflation every where and now the FTX issues

So I guess everyone is really shaking our heads in the last couple of weeks, from a good rise above $20k to now $16k because of again what SBF has done. And the bad thing is that it's not bitcoin fault, it was an exchange with their token that brought this effect to us.