Post
Topic
Board Economics
Re: FTX Drama and Global Empact
by
Marvell1
on 08/12/2022, 15:03:18 UTC
It won't end soon. It's still a long way to go until this issue will be forgotten or even ended. People are telling because that SBF has been a donator or financer to the democrats, this case is taking too long and there's no action taken against him.
And he's even able to have to talk in front of crowds just after this issue has popped. We've seen conmen that have been running against the authority with the issue they've been involved in while him, is still free.
Actually FTX drama have ended last several weeks with sad ending for users still have fund in their FTX account, but get happy ending for the owner because they can run away much investor money. I don't see any user use their lawyer against with SBF after with how much money loss in this exchange. Have to learn more from exchange market is not securing place for saving or holding assets short or long term actually our assets in the owner hands, if they run our money will gone and FTX its not the first scam exchange market but also have many exchange become scam and the owner still free and enjoying their life without surrendered.

It's not over because they just filed for bankruptcy and haven't actually declared bankruptcy. As far as I know, filing bankruptcy under Chapter 11, FTX will have 3-4 months to complete the procedure as well as have the opportunity to call for support from sponsors and resolve disputes with partners.

In addition to countries with crypto regulations, in countries that do not have crypto laws, investors will be responsible for their investment without the protection of the law, so that no one can sue FTX.