Quote from: Ludmilla_rose1995 on Today at 02:52:34 PM

Quote from: Tony116 on December 04, 2022, 04:05:38 PM

Quote from: Ludmilla_rose1995 on December 03, 2022, 10:21:14 AM

SBF has been abandoned for too long, reportedly he is still on vacation in the Bahamas, while hundreds of thousands of FTX users are still waiting for confirmation about their frozen funds in FTX.

Do you leave your money on FTX? Currently, there is some information that FTX is planning to pay investors from the Bahamas, the United States, and Japan. Since FTX has a license to do business in these countries, if he doesn't want to get into the law, SBF will have to refund everyone and for investors not from the above countries, their chances of getting their money back are almost zero.

That's the risk we take when we enter the market, I hope everyone will learn their lesson this time, don't leave our money on the exchanges and only invest the money we can lose.

I'm lucky that I never used FTX though, I only focused on using Binance and Kucoin. however, many of my friends on Facebook have experienced big losses because until now their money is still stuck there. the FTX collapse proves that we cannot entrust our assets to CEX, they use the filled liquidity to invest in other businesses and hope that the circulation of money that occurs can pay everyone but when there is an issue, they immediately collapse in less than 24 hours.

Even with Binance and Kucoin which is something that you could trust like forever.It is really just that FTX arent really that much heard off on this forum but it is eventually next to Binance when it comes to volume.

I dont know if its just me but this is what i do observe.Come to mind off that its never been ethical on using up your platform users funds for the sake or in intent on using to other businesses.
You might be having the access but you dont actually have the rights on doing so, in which it means that on the time that you have done this as an owner and once
it do gets busted then you do know on what would be next.