Mon Nov 21, 2022 3:33 pm
FTX official Twitter released an update yesterday that some number of users who withdrew funds from FTX International on the 11th face having these funds taken back. It is not certain what group or number of users are affected. The funds are being returned to FTX, to be accessible and adjudicated upon by bankruptcy courts. As it is the entire FTX group including FTX US that filed for bankruptcy, it is unclear why FTX has not stated that this also affects FTX US withdrawals.
Thu Nov 24, 2022 11:00 am
That is a financially good move maybe for FTX but for the future of exchanges and the trust in crypto exchanges, it is a bad move. I understand that Bankruptcy makes a company lose their mind and one has to take many unwelcoming steps to save the ship but it may be well admitted now that this crush has made people believe that even those who make the promise of a better system just form a facade.
Mon Nov 28, 2022 7:40 am
FTX made real money on their so-called cryptocurrency FTT. It is practically worthless and in a macro view o the entire scenario it now seems that FTX didn't set the standards and rules in place that would have made the TT valuable instead they used the good word around crypto to their benefit essentially cheating people out of their money filling their pockets.
Today at 3:18 pm
The use of the cryptocurrency FTT by FTX raises concerns about the company's motivations and practices. The fact that FTT is essentially worthless and was used by FTX to enrich itself at the expense of its users is alarming and undermines trust in the company and the industry. It is important for all players in the crypto exchange industry to prioritize transparency and fairness in order to build trust and maintain the integrity of the industry.
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