FTX users mature: Had all the assets there, ups
FTX users mature: Had all the assets there, ups
ftx was fine until it was no longer the case, and the fear of his bankruptcy sent shock waves over crypto and hit the users hard.
The crypto exchange paused the payments after seeing the value of the money Um $ 6 billion in the last 72 hours.
The platform based in the USA - a separate company that is not part of the takeover offer - remains in operation and facilitates lifts. But the users of the flagship exchange from FTX with headquarters in Antigua and Barbuda are excluded from their money.
Several has turned to Twitter to disclose that their entire assets are bound on the competitive platform.
ftx was confronted with heat after the CEO of Binance, Changpeng Zhao, smelled a rat and said that his stock exchange would liquidate its stock of FTT token, which he originally demanded was not an attack on a direct rival.
The panic of investors quickly grew around a donal spiral in the terra style. At this point, the platform processed a daily volume of around $ 2.6 billion, but has processed $ 4.3 billion a day in the last 24 hours Messari Potential owners Binance, Coinbase and Uniswap.
On Tuesday, the stock exchange tried to calm the fears Twitter worked to dismantle a payout behind. "The queue decreases and again reaches a more sensible level," it said. Since then there has been no update.
ftx users feel more than just financial pain
Prominent crypto investor Cobie described the level of things as the worst "noise carpet" of all time. In the crypto world, a "rug" or "rug pull" refers to a crypto project that appears promising, but lets investors down by lifting with their money.
It could be exaggerated to consider the FTX situation as an exit fraud in the classic sense (it is more appropriate to say that it collapsed under a bank run). Nevertheless, it is clear that Cobie, like many others, did not expect FTX to let its users down.
"Every exchange that was so robust in the past felt somehow unsafe to use pre-rug", he . "I thought there was [ProBably] probability of FTX bankruptcy below 1 %."
on the assumption that the FTX money is gone, this is the greatest 1-day loss in the life of CAT. Perhaps the saddest part is that Cat may not sponsor any streamers, art software, open source projects, etc., as this costs Cat ~ 1 million a year
money has always been a number, and cat will still live in nice hotels, is ok
- Cl (@cl207) 9. November 2022
Bitcoin dealer and self-proclaimed Solana-Maximalist Alex Wice Noopener "Target =" _ blank "href =" https://twitter.com/pixelsenpai1/status/1590273687495680004 "> Another user claimed that he had lost more than half of his own.
ftx founder Sam Bankman-Fried is one of them The loudest in Solana and his ecosystem Rel = "Nofollow Noopener" Target = "_ blank" https://www.coindesk.com/markets/2021/28/serum-bekomes-latest-in-bankman-fried--tel-to-turn-heads/ "> Projects over the years were.
Founding partner of Bitatzu Capital Mohit Sorout indicated that 95 % of its money on the trading platform. Formerly crypto investor Lukas Belmar said he had lost $ 120,000.
others said that they were not only financially damaged, but also emotional Learn whose fruits are currently in the suspension.
had all the net assets on ftx, oops.
will organize an FTX victim party live from Tokyo as a Twitter Space in about 29 hours. See you there.
- Alex Wice (@awice) 9. November 2022
Defi-Influencer @DegenPrartan he managed to withdraw a considerable amount, but "Districted" left a lot behind because he thought the situation was not that bad.
"[Mein opinion Everdiegsichbinance -Binance -Redxschlandtxschltxchlichtwschiv
block works did not independently check whether the users' claims are true. But Twitter is littered with Reports from User disclosure Large parts of their net capacity hang on ftx.
gm crypto, I just lost a lot of money to FTX. If someone else is affected, they are not alone and it's okay. This is the third time that I lost money on a stock exchange, so, once bitten, twice shy, the third time is a bit of a joke. Lol! : p
- mfer#6269 (@cryptorat6) 9. November 2022
A spokesman for FTX did not answer the Blockworks for comment until the editorial deadline.
Alexander Tkachenko, CEO of the asset tokenization platform VNX, commented on the matter and found that FTX was objectively known as one of the best stock exchanges in the room.
"FTX seems to have been the liquidity source for the various speculative transactions of the founders who have led to this situation. The sale of FTX and fulfilling his obligations to the users is the best option," Tkachenko told Blockworks.
So I have probably lost a healthy 6-digit sum at FTX.
Many others in the same boat, some more, some less. But it's all relative.
Life continues, i.e. with your loved ones and prioritize your spiritual well -being when you have been involved in this shit show. Don't do anything stupid.
- tedtalksmacro (@tedtalksmacro) 9. November 2022
It would be very harmful to the crypto industry if the Binance deal does not come about, which would lead to the fact that users lose their assets, he added. "Zhao seems to understand this and acts as a 'lender of the last instance'."
Chris Bradbury, CEO of the Defi-platform Oasis.App, said he would not describe FTX's almost collapse as a “rug pull”, but that he had played and burned with the fire. The value of the user deposits still on FTX is currently unclear.
"When the Bony deal comes about, it looks like this protects users who have money on the platform and can get their money out, but it is still a big problem if you consider that the deal looks like this," Bradbury said.
. .
The contribution ftx users band together: 'Had enttire networth on there, ups' is not a financial advice.