Quote from: dunfida on December 07, 2022, 05:38:53 PM

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.

of course using user money is an unethical act but what can we do when we use CEX, not your private key - not your coin. DEX is the best option but the transaction volume on DEX is not that big.

Quote from: South Park on December 07, 2022, 10:48:36 PM

So in essence centralized exchanges have become exactly like banks, which is the kind of centralized institution we were supposedly trying to avoid when joining this market, so while I am disgusted by what is happening, at the same time people need to finally learn that trusting in a centralized institution when it comes to our money is a bad idea, if people want to trade they can do it, but as soon as their session is over they need to get their coins out of the exchange as fast as possible so this does not happen to them.

That's right, after your business is done at CEX, it's wiser to immediately secure your funds to your personal wallet. I have also learned from that, so I will secure my funds directly to my personal wallet when my funds are above $50.

Quote from: Kadal Ijo on Today at 05:54:19 AM

I hope that the FTX drama will end soon, confiscated all the assets owned by FTX and conduct a very strict audit on transactions on FTX so that the assets of investors are found, I'm sure SBF has a large cryptocurrencies asset, although it's not enough to pay for investors but at least can restore even if only 50%.

Quote

BREAKING‼️ FTX founder under investigation for market manipulation that led to collapse of TerraUSD (UST) and Luna to the benefit FTX and Alameda Research.

➥ https://twitter.com/BTC_Archive/status/1600792338942820353