Reddit Posts
Noob question: why tokens like USTC, LUNC and FTT are still being traded?
History Lesson: the Podcast that led to the downfall of SBF
FTX's FTT Token Jumps 37% as DoJ Drops Hammer on Binance
A lot of people seem to be falling for the Solana hype. But the top 10 wallets hold 10% of supply and the top 100 own over 30% of it. That's a big risk to take if/when they decide to sell. FTX also still holds a lot to sell to recover funds
The top 5 Aptos wallets account for 10% of supply. The top 50 hold 73% of the supply. The top 100 wallets have for 92% of it. 83% of supply is staked for high APY and it's looking very similar to another FTX-like Ponzi
In another reminder that crypto is just people chasing fast money and hype, two of the most disgraced and dead projects in LUNA and FTT are ranked 1st and 3rd for 1W gains in the top 100 with massive buying
Exactly one year ago, FTX filed for bankruptcy after FTT collapsed. Customer funds gone, their data stolen, FTT deployer rugged, (alleged) huge price manipulation by Justin Sun, "FTX is fine" tweet etc. Bitcoin's price had crashed to $16k. But Bitcoin is now 130% higher
Exchange tokens are TOP daily performers. CRO + 25%, FTT +80%). But why FTT??
FTT Token Surges 90% as SEC Chairman's Remarks Spark Hope for FTX Exchange Reboot
FTX's FTT Token Jumps 90% on Gensler Comments (on Potential FTX Restart)
SEC Open to FTX Relaunch Under New Leadership, FTT Soars 90%
FTT Skyrockets Amid FTX Acquisition Rumors Tied to NYSE's Ex-President – Market Updates Bitcoin News
Who had these winners and losers picked out a few days ago? How do you spot them early?
The FTT speculation has been ridiculous. It pumped 11% leading into the trial, dumped 20% in the middle of it, pumped 32% near the final week, dumped 10% at the penultimate day, pumped 7% in the last day and dumped 9% when SBF found guilty. Then mostly recovered from the final dump to today
Pro-crypto Rep. Emmer is nominated as House Speaker. This same guy was still bullish even when the FTT Ponzi collapsed & actually blamed poor SEC regulation with Gensler complicit in it, plus general bias and has pushed to fire Gensler. With price pumps and looming ETFs, it's very interesting times
Be careful what you read on this sub and any others pertaining to money. Not only are most upvoted/best and even what shows up is compromised.
We broke the story that brought down Sam Bankman-Fried’s crypto empire. Soon, we’ll be covering his trial, gavel to gavel. Ask us anything.
5 Hype coins from last bullrun that are now practically buried and dead.
Is there any point holding exchange tokens long term?
FTX Chronicles: 6 Bombshell Revelations That’ll Leave You Stunned
Back in time: Impactful crypto events of the past 2 years
The current market situation with BNB and the rest of the market is eerily similar to when Alameda was dumping their bags to try and secure FTT Value.
A timeline and look back at 10+ months of Binance FUD following the collapse of FTX.
Top 15 Bitcoin Mining Companies in the World
Relive the crypto crash of '22 here. Events, mistakes, achievements. A lesson to remember, never listen to crypto analysts as nobody knows anything.
FTT can possibly get valued at zero. Once again regulators are punished for missing flywheel tokens and so is retail.
FTT increases by 15% after the announcement of the FTX reactivation plan
FTX Bankruptcy Plans Do Not Include FTT Token Holders
FTT Token Surges 17% After FTX Confirms Rumors Of Relaunch
FTX Crypto Exchange Plans Restart for International Customers, FTT Token Rises 10%
FTX Confirms Plan To Restart FTX.COM Exchange in Plan Filing: FILING
If your portfolio is not down more than 50%, and you didn't invest in FTT, LUNA, CRO, SOL, etc..., or some overpriced NFT, and you are still holding strong, CONGRATULATIONS! You are still doing far better than Kevin O'leary, Mark Cuban, Tom Brady, and so many of the big names in crypto.
If your portfolio is not down more than 50%, and you didn't invest in FTT, LUNA, CRO, SOL, etc..., or some overpriced NFT, and you are still holding strong, CONGRATULATIONS! You are still doing far better than Kevin O'leary, Mark Cuban, Tom Brady, and so many of the big names in crypto.
There’s no reason why FTX2.0 would use the FTT token
FTT Token Surges 70% as FTX Exchange Gears Up for Relaunch
FTX 'Reboot' Talks Begin and Send FTT Token Soaring 15%
FTX 'Reboot' Talks Begin and Send FTT Token Soaring 15%
So Binance (probably) is the fraudschange which simple mathematics always suggested they must be. How do I stay liquid without exposing myself to being a “depositor who lost everything” if/when the BNBomb goes off just like the FTTheft nuke? Globalist fraudsters hate this one trick-
There has been some pretty extensive washtrading at BNB to keep the price afloat during the past dips. BNB is acting just as FTT sometimes.
Is Thether to Binance, what FTT was to FTX/Alameda?
Binance is under attack - get your funds off of Binance
Binance secure asset fund for users (SAFU) is roughly 50% BNB per the Wall Street Journal
The Binance lawsuit alleges they may have been doing similar activities with BUSD, as FTX did with FTT. Billions in customer funds were definitely commingled but it's very unclear whether they were outright siphoned/stolen
The bear market is doing an adequate job cleansing the crypto space of bad projects and actors. Although it is a painful experience now, this cleansing is great for crypto's future
There is a scary alternate reality when CZ and SBF are BFFs and the FTX/Alameda Ponzi is still going strong. Especially considering Tether dodging allegations left and right yet being wildly profitable makes it extremely likely.
Official FTX PR claims 195m FTT, 1938 ETH & other tokens remain in single Fireblocks wallet, moved there illegally by Bahamas Commission
Official FTX PR claims 195m FTT, 1938 ETH & other tokens remain in single Fireblocks wallet, moved there illegally by Bahamas Commission
The Degeneracy of Crypto Gamblers is insane. When a bank fails the stock price drops - 99%+ in a year. But FTT an exchange token for a Fraudulent Exchange in which the CEO is facing 12 criminal charges including defrauding Customers is only down 96% over the year.
How should we all feel about FTX re-launch? Is it the resilience of the Tech product behind exchange or pure crony capitalism as influencers hold big FTT bags?
Advice on exchanging crypto for profit
Do you guys really believe that things for FTX are looking up?
FTT Hikes 95% After FTX Hints At Restarting Exchange Using Creditor Funds
[CoinDesk] Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
FTT Up 70% as FTX Mulls a Q2 Reopening - Tokenist
FTT Token rockets 100% as crypto exchange FTX considers relaunch
Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
The strangest thing about FTX is the fact that while they did a Ponzi, stole customer funds and traded against them, they never actually rigged the trading system itself to cheat customers, such that even Alameda actually accumulated Billions in trading losses.
He lost 2 billion on FTX: Largest creditor's balance revealed on the platform
He lost 2 billion on FTX: Largest creditor's balance revealed on the platform
You can now check the value in USD of your lost FTX funds using your customer code
Over $86,000,000 worth of Safemoon was burned yesterday. LP "insurance" means nothing, even if it exists.
I hope we all realise that Proof of Reserves would not have saved us, even with FTX
Binance traded against customers with approximately 300 "house" accounts - CFTC
FTX Leaderboard Revealed: Discover How Much FTX Belongs to Creditors
Moons allowed me to fix my wife's computer
Again, we see the hypocrisy Central Banks and the fiat system in their bashing of crypto. To co-mingle funds is bad but not when fiat does it
[SERIOUS] The Banks Are Just As Suspect As Crypto Exchanges During The FTX Collapse…They Are Just Sanctioned By The Fed To Do It
Here's why most alt coins are likely to survive this bear market, and why it's incorrect to compare this more established alt coin market to early alt coin markets.
Diversify your portfolio to reduce your risk profile!
Silvergate Bank failure and FTX failure and now SVB failure are all related and no one is coming to the rescue
Just buying your Crypto and then “forgetting“ about it for those inevitable gains during the next bull is NOT the best strategy, anymore.
Selling if needed is completely fine, in fact I would recommend selling your investments once you think it has fundamentally lost its value.
What is a project that you have given up on throughout this bear market?
Former FTX Executive Generated Millions for His Charity Via FTT Insider Trading: Report
Do you think that Solana will break it's previous ATH in the next bull market?
Alameda wallets resurrect to transfer FTT in the millions
Can Shiba-Inu change their public image and be considered a legit layer two for Ethereum?
Sorry ! But DCA is not always the way
One way to ride the crypto wave - momentum trend
SBF's FTT Coin Surging as New CEO Predicts Resurrection of Bankrupt Crypto Exchange FTX
Being a scam does not mean that it can not pump. And making a 4x in some weeks does not mean it's no scam.
Who are the most hated scammers ever in the cryptocurrency industry?
SBF's FTT Coin Surging as New CEO Predicts Resurrection of Bankrupt Crypto Exchange FTX
SBF's FTT Coin Surging as New CEO Predicts Resurrection of Bankrupt Crypto Exchange FTX
FTX's Native Token FTT Surges As CEO John Ray Eyes Exchange's Restart
FTX's $5.5 Billion in Alleged 'Liquid Assets' Includes Locked SOL Cache and Illiquid FTT Holdings
Why on earth did FTX's exchange coin FTT pump 58% today and 274% since January 1st 2023? And why can FTT (and other trash like LUNC) still be traded op top exchanges?
The inevitable dump has started but on a day economic outlook seemed brighter! One day, we will understand the markets!
Why are people still playing with FTT token?
It's a clowns world! FTT up by 170% this week, currently at $2.55
Mentions
It's very unlikely they'll return to the old policy with FTT. Bankruptcy involves courts authorizing the cancellation of debts. Bondholders usually get some money back, sure. But FTT wasn't even a registered security, and had no binding contract obligating them to do the regular buybacks from profits in the first place. It has zero status in bankruptcy court.
I actually bought FTT recently. Why? Because I know the market has turned into a meme casino. I know it's a trash coin and I suspect most of the bigger buyers do too. But like me they are playing a game. I don't even consider it gambling because the odds are in my favor as long as BTC pumps. Maybe there are some who think FTX will come back but they would be the dumb money.
I think with FTT something is going on. I had an alert 2 days ago of a 3.1Million usd fat finger whale buy. Why? Who knows
Why that. If FTX is reopened and if they use FTT as a token, the pumps are more than legit in hindsight
Oh, this are the coins from Reddit, I can’t access my vault, I mean I can but it’s always empty. And moons are way more valuable then FTT in this case.
Because people are stupid. Why is FTT actually recovering? Because people are REALLY stupid.
It's very easy to pump and dump dead coins with no real benefit. Meme coins have a bit of activity but cannot be pump and dumped because whales have bought shit tons for the memes/fun and will dump soon as the price spikes. These dogshit coins on the other hand like FTT and LUNC... Nobody with real money would invest in that shit. So there are creatures of the night that congregate in discords and basically buy up these dog shit coins with low volume for very cheap. Then they inflate the prices to something like 200%. The low IQ slot machine addicted cryptobros see the 200% and attempt to buy some coins. Once there is enough volume of people attempting to buy these coins. The discord ringleaders will initiate the dump after they realize the amount of volume buying is enough to dump all their coins for a nice profit. Everyone in discord will panic sell. Those low IQ slot machine addicted cryptobros will wake up with their buy orders filled with dogshit coins they paid too much for. source: I was one of those low IQ cryptobros who learnt the hard way.
FTT is traded because of speculation of a reboot under new leadership (Tom Farley).
True, I wouldn't consider Bitcoin and not maybe even ETH as gambling, but it's a serious investment. FTT is just for degenerates and bag holders, complete scams obviously.. It's a legit question, why would exchanges still list proven scams tokens, the answer is greed and exchanges like Binance are definitely a scam..
CRO is a so called exchange coin. This has several consequences. Its tokenomics is totally controlled by [crypto.com](https://crypto.com). It's chain does not scale and is controlled by the exchange as well. In principle it works the same way FTT did for FTX. I suggest that you get out as quickly as possible. It is not the typical crpyto investment like BTC, ETH, or ADA. It works only to make cdc more money and has no benefits to their customers. That's the reason why cdc lured their customers into it with additional benefits. The same is true for BNB, OKB, FTT, etc. Btw., just as add. info FTT still has a market cap beyond 1B$.
Can they pay it with FTT tokens 🤣
lol, you compared FTT to SOL? SOL haters are modern marvels.
nice pump and dump project. It's funny that FTT has been pumping also. Amazing, a dead, Ponzi scheme can still pump.
Watching the FTX auction this week. FTT rising due to the rumours
On a sidenote, "On November 2, 2022, Coindesk leaks Alameda Balance Sheet with an alarming $6B in FTT, which is your friendly reminder to not buy/hold exchange tokens." I agree. I never understood exchange token's value, other that locking outside money in and allowing the exchange tp do whatever with it. Same with tokens like TWL (Trust Wallet token) yet people keep hoping for a Metamask token. Why? Sure it gives a boost in money for Metamask to use for development, but down the road it just becomes another potental pitfall. Or is my whole view on this bad?
Binance is a private company. Their financial reports are not mandatory, and may include fabricated valuations for their fabricated in-house coins. False valuation of FTT was a big component of FTX's failure > 9580 billion dollar trading volume for binance in 2021 If true, a raw estimate of income can be derived from their 0.1% trading fee Unfortunately, it is public knowledge that Binance's trading volume was deliberately inflated by wash trading. There's an anecdote in the Michael Lewis book describing Binance's wash trading bot being front-run by a bot written by FTX, causing Binance's bot to pay higher prices to FTX's bot instead of buying from its own bot. There's no 0.1% fee earned by wash trading
>There's no organization or an individual who actively promoted Bitcoin That's an anecdote, which is fine, I would say Bitcoin doesn't need promotion, during the rallies after each halving event media is all over Bitcoin, first time I ever heard any stranger talking about Bitcoin was 2017 and she asked me if seen how much Bitcoin gained. I personally had to look up Binance myself was just searching for exchange with low fees because I was tired in my local exchange. Over to facts Binance promotes a lot of garbage like FTT, LUNA and other rug pulls all a disservice to Bitcoin. >Blackrock BTC spot ETF filing. I'm not a Blackrock fanboy but they are doing more to promote Bitcoin than Binance, ETF gives BTC more legitimatecy. You can just store your Bitcoin in a non-custodial way or trade on e.g. Coinbase a lot of other alternatives if you don't want to use ETF. Mossad might kill CZ in the future, they are old fashioned.. CZ would be like a James Bond movie villain if it wasn't for laundry child pornography funds that he pleaded guilty to, what a freak!
Exactly, pump it up before liquidating, why do you think FTT is up 500% in the last couple of days? Liquidation incoming
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/?utm_source=share&utm_medium=web2x&context=3) ^by ^m0onmoon: *Meanwhile FTT pumping* *For no reason despite the* *Exchange being defunct* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Meanwhile FTT pumping for no reason despite the exchange being defunct
Will BNB become the new FTT? Pumping and dumping daily? Yolo
Binace stopped reporting once its revenues began falling in 2021. In 2020, it made around 20 billion gross, but profit was only 900 million to 1 billion. Since then, Binance has contracted a lot. It is estimated they bring in about a quarter of what they did in 2020, so around 5 billion. Which is net less than 400 million a year in profit. Remember, a lot of Binance's value is customer funds (which you can't include... although CZ has tried, which got him into trouble) and BNB... BNB value being artificial and inflated, much like FTT was. https://fortune.com/2023/08/10/binances-revenues-news-stock-coin-bnb/ https://buybitcoinworldwide.com/binance-statistics/#:~:text=Key%20Binance%20Statistics%3A&text=Binance%20generated%20%2420%20billion%20revenue,any%20published%20figures%20for%202021.
Yea it’s been said FTT won’t be used in the very slim chance the exchange restarts, it has absolutely zero value and it’s at $3 that’s how meme this token is
I haven't read this, only talk about whether or not FTT holdings would be considered in the compensation calculations because it could be seen as a investment vehicle into FTX therefore it would be excluded from the bankruptcy compensation... but even if it's true, not reusing FTT doesn't mean an "FTT 2" tied to an "FTX 2" wouldn't offer some kind of transfer from FTT to "FTT2" to bring in capital. ​ Again, I'm not saying it's a good idea, this is just my understanding of the only reason people actually but FTT aside from pure gambling or trying to make some quick gains.
The liquidators have literally said they will not reuse FTT
Who knows? Why wouldn't they? They could. They could rename it. They could create a new one and offer preferential prices on a pair with FTT to bring initial funds in. I'm not saying it's a good idea, buying FTT right now is likely more akin to copium or straight up gambling addiction. Or maybe it's just price manipulation from bigger actors to sell at less of a loss.
Btw, "Gary" met numerous times w/the Head of FTX Exchange, Sam Bankman-Fried who GG gave the "go-ahead" to when he met with the 27 yo 'Boy-Wonder' in Washington DC last year. SBF's exchange, FTX whose tokens FTT (along with its 'sister-company', Alameda Research, under the direction of Caroline Ellison, were involved in a big Ponzi'-like schemes; where there WAS "co-mingling" of customer funds with FTX funds.. Now that Gary Gensler wants to further expand his 'Reign-Of-Terror-- I mean, "Reign-Of-Power" & he's got a bit of Egg on his face; he's just hoping that most Americans won't call him out on his SBF/FTT debacle/kerfuffle... Gary wants to next go into AI, I've read...
Even if that happens. The new exchange won’t be using FTT.
FTT is gambling on the fact that after the bankrupcy there's a real but slight chance the exchange is going to be put back on its feet. Lunc yeah... That's just the degens loosing money to trading bors. We're still in the middle of the bear market, those pumps we've see, however enjoyable, exist because of the now OG crypto investors/gamblers are still here, but you can notice this is all "old" coins, the new blood still hasn't come onto the scene (both in terms of projects/tokens and people).
FTT bull flag on the daily’s timeframe
They are proposing returning 90% of customer funds and hoping to restart the company and continue on. If they successfully do that then FTT will blow up like crazy. This is just people speculating and hoping at the moment
And somehow FTT token went 4x in last 30 days welcome to the circus
Is it dumb? If there is liquidity with FTT and another coin(let’s say BTC) and its not traded from the liquidity pool it naturally increases in price without any trading even.
Except when it comes to his new favorite coin FTT
Ironically, FTT(FTX token did do a jump during this run, which, dumb.)
Mr FTT Token can go and corrupt himself elsewhere, Bitcoin wants nothing to do with him.
MAPS and OXY by far. forced holding cause they're locked. Then serum and FTT not far behind (also force holding cause of ftx bankruptcy)
They should 1000% take profit! But I also see a lot of people saying there in it for the long haul, diamond hands etc etc Probably the same people watching FTT go up 4x and calling it a scam pump
You guys need to stop being so petty, these are not sport teams we are betting on. Also, please zoom out. A single day of green doesn't reverse a long term trend (I am not specifically talking about Matic here, just in general). You know what else is pumping these days? Luna and FTT. See, I told you so! Diamond hands bla bla...
Same with FTT coin. I was about to buy FTT at 1 euro but then I saw FTX owned like 250m of the 350m market cap. Then I just checked again and FTX now owns 850m of the 1B market cap. Major red flag...
BitConnect Luna FTT Safemoon Tron
Because then they can't FTX slash FTT it... duh!
FTT/FTX, you mean the bankrupt one? The one with a warning label on it that has creditors after it, that FTT/FTX? I'm a little bit incredulous at how that could moon. SOL as an experimental ETH competitor could go up sure, but why FTT/FTX? It already pumped but didn't make a dent in the bankruptcy
> Why would Gary want FTX to start up again. He doesn't. Someone asked if it legally could, and he said yes so long as the new management follows the law this time. It's nothing burger that is being misrepresented by SOL and FTT pumpers.
Just buy Solana and FTT. These two coins are going to the moon starting NOW. Solana at 55 - xT should be around 72+ FTT at 3.3 xT in 2-3 daya expected at 4.5 There are a couple others like TRB than needs some ignition because it's sleeping at the support line.
I do day trading and all scalping. I get those easy $50 - $100 dollars on every volatility based on 5-15 minute cycle as you can easily see the direction of the trend. I draw ext trend lines. I used technical analysis - volume and avg to predict how to trade. Sometimes I get news on market trends. It helps me. I've used FTT/FTX. It won't from 1.35 to 5.5 within a day. That's like x4 times within a day (24hrs) I love volatile coins. They're so profitable. As we are talking now it's at 3.3 and that's the lowest it can go. It has the volumes, it as at the support level (with a 2.9 point as an exception). Expecting it to soar to aroundish 4.7 in 5hrs. You can easily turn $100 to $3000 via scalping within a win. With scalping you never HODL you buy and sell it and at the end of the day - you have no crypto running.
Umm check trial transcripts. Sam and his crew called it "Sam's coin", along with other coins he propped and FTT.
You're welcome and don't forget to pick up some FTT and Luna while you're at it.
This post is so uninformed it's so funny. I'm not bullish on either project, but LUNA is pumping due to a lot of catalysts and it's absolutely not coming out of nowhere. You're extremely out of touch and haven't followed anything since last May if that's your whole belief on it. FTT is because Gensler said FTX basically gave initial signs of greenlighting their relaunch. This stuff isn't that hard to research, I mean come on FFS. Whether or not you think the pumps are deserved are one thing, but being ignorant and saying it's for no reason is another.
Anything and everything has a certain level of trust and/or utility. Right now, FTT is in the dumps because there is low trust and utility. If you were to just cancel it and reissue new tokens, less people would want to bid on that new token because FTT was wiped out and so can the new token. However, if you reinstate FTT, you might be able to boost it’s value, and over time, be able to capitalize on that bid by offloading what Alameda is holding onto the market, thus, boosting the balance sheet of FTX.
In what world do you associate FTT with Trust and Utility?
Check FTT and Luna while you're on it, I heard it's the next big thing this cycle. YOLO!
I’d want that kind of adhd to have caught this 60% rise on FTT
You that I only HODL Luna, FTT and bitconnect! Ship it Carlos!
Did you enjoy what happened to FTX with their FTT token? Because Binance and BNB have a similar relationship. I won't go as far to say it's a straight out flywheel scheme because I don't have any evidence gathered. But there's a lot of smoke there, which tends to lead to fire.
Ironically Binance faked flow for a long time while FTX never needed to. CZ got played and wanted revenge for years before he rugged the FTT token
You keep saying the same stuff without adding any value to the discussion. "If there was some value", instead of ifs, how about you explain WHAT value remains in FTT that wouldn't be captured even better by creating a new token?
Can someone explain why FTT (the FTX token) spiked like 150% yesterday?
The money in Alameda is effectively FTX’s so it is in essence the depositor’s money in Alameda. Therefore, it is the duty of the bankruptcy CEO to claw back as much value as possible. If it is the interest of the depositor’s for FTT to remain, then it will stay that way. It is only logical.
Yeah, I stacked a bunch under $1. Absolutely insane this project is overlooked and FTT and Luna are pumping. Ergo: No VC’s holding bags over your head, fair token launch (no pre-mine), burgeoning DeFi ecosystem, growing TVL and constant development during the bear market.
Alameda holds a lot of FTT. Almost 40% of it by some accounts.
That might be likely but the future is uncertain and it is a non zero possibility the token won’t have any value, therefore, there is now speculation on the value going up. Of course it’s value is highly tied to the continued operation and utility within the FTX network, which seems like is going to be revived. The current bankruptcy FTX CEO’s current goal is to maximize the value of what is left. If that means reinstating FTT’s status as a token within the ecosystem, then it makes sense for it to have some value.
FTT means nothing. If there was ever a discount offered on FTX services (which is not the same as a piece of ownership/piece of the revenue), there is no obligation for the new corporation called FTX to continue upholding any previously offered discounts/promises surrounding FTT. Look at what happened with actual equity shares (a real, regulated financial instrument) and GM through their 2007 bankruptcy. All the assets of GM worth a damn went to the new GM. All the liabilities, including the pension obligations, were left behind. At $3.15/ea, FTT is worth $3.15 too much.
The exchange, FTX the company is coming back. The bankruptcy CEO is very good at his job and believes that FTX has a lot of value and intends to restart the business and/or sell the company. Since FTT is essentially shares of the revenue of the FTX, if the exchange comes back and stays profitable, FTT is worth something.
Yeah except banks tell you in the fine print they'll lend your money out elsewhere and are insured. Lending is completely normal in finance and improves efficiency of markets by moving unused money to somewhere useful. FTX customers did not sign up in any agreement to have their funds spent on shitcoins and Tom Brady endorsements. All garbage investments. Also, FTX used their own token FTT to fraudulently exaggerate their balance sheets to take (steal) bigger loans from investors knowing fully that if they liquidated FTT, it would crash the price, e.g. it would not be possible to sell it all at market value, likely less than half. The list goes on. He actively encouraged keeping funds on exchange for even FTX employees. So even employees got scammed. FTX is definitely a fraud from the start, not an accident. What Sam didn't count on was a bear market and a bank run. He's only sorry he got caught. He fucked around and found out.
And FTT token is pumping why? 😅
Can someone explain to me why FTT has pumped so much?
How is FTT token pumping 1000% this week
Someone pretty please explain how a dead ftx coin is still pumping 1000% this week? Look at FTT go to the moon
Weird comparison, SOL has been pumping consistently for weeks now. FTT pumped cause of reboot news.
Price pump does not make any indication of strength. By this logic FTT coin is suddenly strong.
Troll season if FTT goes anywhere but down 🥴
Nobody knows the future,but Solana and FTX token (FTT) are pumping too much.Its probably some whales action,so the probability its a bull trap are high.Remember FTX own thousends of Solana tokens,so they can dump it anytime.
You know the market is heavily manipulated when the coin ($FTT) of a dead exchange (FTX) pumps 250% in a week Who tf is pumping this & why
never understand people stuck in the past just look at FTT and LUNC its crazy people still buy these projects. Public image is everything theres just no way they will ever be seen the same way again
Top gainers right now: FTT, LUNA, VGX, LUNC. What are the odds?
Why is FTT pumping? I was watching FTX document and thought about checking the price at it's 148% up today.
FTT +150% LUNA+80% LUNC +40% USTC+35% Thoughts?
