Quote from: TimeTeller on April 17, 2023, 02:45:11 PM

Quote from: BenCodie on April 17, 2023, 02:25:37 PM

Quote from: Fundamentals Of on April 14, 2023, 03:49:30 AM

What's happening with FTX ever since it declared bankruptcy is all muddled up. Everything looks shady to me. Not only do the authorities seem lenient on Sam Bankman-Fried, there is also an apparent attempt to salvage whatever is left with the exchange. It seems there is an effort to revive it and not so that its users will be made whole again but so that those powerful personalities will recover the large amounts they have lost when the bankruptcy happened.

What do you expect? SBF and the shadows behind him had lined the pockets of a number of very wealthy and powerful people before FTX collapse. Not to mention that his parents are knowledgeable and extremely wealthy. It's shady and it's in your face. The people who are keeping him out of prison probably already have their funds back. The $7.3 billion is probably just the left over after all of the inner circle has been taken care of. That's all speculation...but it's probably true. I really hope not to see FTX operating other than letting people take their money out in Q2.

If you are a previous user of this exchange, I don't think it is best to patronize this exchange after such collapse.
Maybe, get the funds what they owed from you and use other reputable trading platforms.
We won't know the truth about their billion dollars of assets, where it will truly be distributed. But that's their business.
What we need to be cautious is using third party trading platforms and how to secure our assets from similar ftx or luna catastrophe.
They may be trying to recover their losses by resuming their services, but their reputation has already been tainted, would take years again to restore the trust from users.

Quote from: TimeTeller on April 17, 2023, 02:45:11 PM

If you are a previous user of this exchange, I don't think it is best to patronize this exchange after such collapse.

I am more than within my right to criticize the monumental fraud that is FTX, whether I am a user or not.

Quote from: TimeTeller on April 17, 2023, 02:45:11 PM

Maybe, get the funds what they owed from you and use other reputable trading platforms.

Yes, anyone who used FTX and who is able to get some of their funds out should be doing exactly that.

Quote from: TimeTeller on April 17, 2023, 02:45:11 PM

We won't know the truth about their billion dollars of assets, where it will truly be distributed. But that's their business.

The truth is already out there. FTX was sponsored and purchased endorsements in the fields of sport, celebrities, even politics. This is not speculation, this is factual. They lined the pockets of the rich and powerful and that is how SBF is still free and how FTX is still being considered to be re-booted. Not to mention their manipulation of the market. Again, this is not conspiracy, this happened...and no one should forget it.

Quote from: TimeTeller on April 17, 2023, 02:45:11 PM

What we need to be cautious is using third party trading platforms and how to secure our assets from similar ftx or luna catastrophe.

I can partially agree with you on this. There are plenty of decentralized services out there, they should be prioritized over third party/centralized services, if they absolutely need to be used to begin with.

Quote from: TimeTeller on April 17, 2023, 02:45:11 PM

They may be trying to recover their losses by resuming their services, but their reputation has already been tainted, would take years again to restore the trust from users.

I hope everyone gets their funds out and never touches them again. There are much better alternatives out there, there is no need to use this fraud of a platform.

I also hope the shadows behind SBF and Do Kwon get what is coming to them for artificially manipulating the cryptocurrency market since June 2022.