Post
Topic
Board Bitcoin Discussion
Re: From Losing Everything in FTX to Starting Over With Bitcoin
by
Fiatless
on 15/06/2025, 15:59:45 UTC
If you haven't known, FTX is too popular back then.  No one ever thought that exchange would collapse, it is possible that @OP is trading something or converting some cryptocurrency and his funds were  in there when the scandal happened.  Just like anyone would not suspect Mt. Gox would get bankrupt, but it did.  I also don't think it was a mistake trading or investing in FTX since all their documents (founders) seems credible they (founder and some staff) even donated funds to US political party.
The OP confirmed in one of his posts that he was using the FTX account for trading. It is common for crypto traders to keep funds in exchanges for quick and easy transactions.  Nobody knew that these exchanges would have issues because they were very popular and claimed to have a big financial base. But this is a lesson for all of us that centralised platforms are prone to attacks that could lead to bankruptcy.