Post
Topic
Board Altcoin Discussion
Re: FTX collapse: Good or bad for crypto in the long run?
by
Yogee
on 24/11/2022, 14:31:25 UTC
Good overall for those who have no problem with regulations and would still trade or keep funds on CEX after what happened. The same people asking for proof of liquidity instead of moving their funds from exchange to their custodial wallets.

In my opinion, what the ftx exchange experienced was also experienced by binance when it was hacked some time ago.  But everything has been handled properly.  Hopefully what is experienced by FTX will be resolved soon and security technology will be improved for the convenience of its users
Apples and Oranges.

I don't think you are familiar with what happened to FTX prior to making that post. The cause of collapse wasn't because of a hack or poor security but the mishandling or mismanagement of customer's funds. At least that's what's being told but there could be more that's not yet revealed to the public.