FTX

Left_Entrepreneur918

I remember the fools so vividly at 15k, the day after FTX so many bears sitting on the sidelines until 10k. I made the biggest btc purchase of my life that day. Fuck them

pop-1988

That sounds familiar > The court noted that FTX touted itself as “the safest and easiest way to buy and sell crypto,” and that customer assets, including digital assets such as Bitcoin and Ether, were held in “custody” by FTX while stating FTX segregated customer assets from FTX’s own assets as a general principle, when in fact customer funds were commingled and misappropriated

harvested

October gang is waiting for an FTX equivalent but market seems healthy enough

AggravatingGuest1956

lol Sol crashed because FTX and alameda blew up.

KevinNegocios

That’s a fair point only if you look at it strictly through a legacy TradFi lens, but it completely misses the architectural breakthrough of Bitcoin. We use centralized custodians for gold because storing and shipping heavy physical gold bars across the globe is a logistical, expensive nightmare. Stocks literally require a centralized legal registry (like the DTCC) just to exist. In the fiat system, custodians are a necessary evil. Bitcoin was engineered specifically to eliminate that exact counterparty risk. Sending a billion dollars in BTC takes 10 minutes and requires zero armored trucks, vaults, or bank approvals. It's digital bearer property. When you hold "paper Bitcoin" on an exchange, you don't actually own the asset; you just own a digital IOU from a centralized entity. We all know exactly how that movie ends (FTX, Celsius, Mt. Gox, BlockFi... need I go on?). Applying the same flawed, centralized ownership criteria of the fiat system to the very asset built to replace it is wild. It’s like measuring the adoption of email by counting how many people print them out to mail them via FedEx. Sure, it makes the adoption numbers look bigger for the headline, but it totally defeats the purpose of the technology.

shaunj72143

I did this with ZEC but that was completely a (very) happy accident. BTC (possibly eth) is the only fire and forget crypto...even then, I'd personally wait til the next catastrophic crash (like the FTX collapse) to buy in. Just collect USDC/USDT til the bottom is in. Buy BTC, write down your seed phrase, stick it in your gun safe/safe deposit box, check back in a decade. Otherwise you're just playing in the casino (not trying to be a dick, just relating my own mistakes/successes

ImpressiveRelief37

Also you let someone else hold your bitcoin and they could get hacked, or go south like FTX, Celsius, BlockFi, etc… lol nope not for me.

bailuobo1

For real. Maybe it's just because I've been through a few cycles, but this bear market didn't seem that bad. There was no FTX type crash. And now tons of hopium that the bear market is over. Makes me think that we'll see one more leg down to really shake people out. And no, I'm not selling my stack to bet on that. I'll continue to DCA and be happy if I can do so at lower prices.

ffbbaarrnnaa

laughs in FTX lol

derbyfan1

At least your not like one of those idiots who were waiting for sub $3k Btc during FTX.. Oh wait...

Suspicious-Book-5352

Last year, I was looking and this and comparing with the chart. When it went to ATH on 07 OCT 2025 and bear began, in front of my eyes, I was like, ffff... Even though it seems like a bottom rn, I'm just retardmaxxing this OCT 6th thing. I also think this bear was too shallow, and no real black swans yet (nothing like FTX or even Luna).

KP_2016

Not during the FTX business. They partnered along with other companies for asset recovery. There is something called as DSP you can look it up. What BitGo did was got hold of some part of aseets through DSP and created a platform with 3 auto liquiditation dates where former FTX users can sign to BitGo platform and recover their lost assets. It's a strategic move these companies do but BitGo had no part managing funds when FTX was in business.

My_name_i_Jeff_Bezos

Did they not learn from FTX

Objective_Digit

Bitcoin is never hacked in these stories, yet Mt Gox, China bans, FTX etc. have crushed the price, guy.

BakingBreadBB2

Yeah. The new CMA framework that dropped in April explicitly enforces strict custody, tech audits, and governance rules to prevent another FTX situation. A lot of the massive international platforms are having to restructure and launch completely siloed entities here just to comply with the local capital and custody requirements.

Vephyrium

Coinbase is nowhere near comparable to the FTX fiasco… and will be here for sometime

WeekendQuant

You're just lucky Coinbase hasn't gone under yet. Many people have lost their entire stack with exchanges. FTX was a huge exchange and was poorly risk managed. These exchanges don't have the regulations that a stock brokerage has, so until that happens I wouldn't trust them with your stack.

ubermensch1001

It's honestly kind of crazy to look back on 2022 through 2024 to see just how much had changed in such a short time window. November of 2022 we had the FTX crash where BTC was at around 16k, fast forward to just 15-16 months later and it was setting a new all time high lol. To put this into perspective with the 2018-2021 cycle, we bottomed out late 2018 and didn't even set a new all time high until late 2020. Again, I don't think it's all that long from now before we cross above 100k and I think once this definitively happens it won't take much for a new all time high. Something I think about is that this is literally the last window where a relatively normal person starting with 0 can get .1+. Let's say we fast forward to the 2028 halving and BTC is trading at 200k or higher, how many people are going to have $20,000 to be able to buy that? Even now at a cost of a little under $8,000 this is difficult for most working Americans. It's actually insane to reflect on this and especially when not too long ago this would have cost you a couple grand or even less than 1k.

Sector__7

Ask people who were in Celsius, Voyager, FTX, etc…how well that lending model worked them. Never trust you main stack on an exchange and only put on there what you need to do for a transaction.

Effective-Resource85

same with people holding btc in FTX 2022

SasiRacha44

Altcoins big trash , ever heard Luna , so called top 10 altcoin, scammed infront of everyone. Every heard FTX, so many like this. Atleast memecoin based on community, Murad is SPX6900 community driven.

Illustrious-Pay6341

Most ignorant comment ever made! Go read about FTX, Bybit, Mt. Gox, DMM, etc.

Schwoanz

And triggering the FTX collapse and causing last October‘s crash. Fuck this guy!

Longjumping_Bet_8563

It's interesting how people want to compare MSTR's situation to FTX; they're not the same. MicroStrategy has tangible assets backing their Bitcoin strategy, unlike FTX's questionable operations.

Stomach_Swimming

So, Bitmart decided to go the way of FTX. Is Bitmart USA closing down, too?

Romanizer

Yes, it deflected from the 200DMA, just like it did in May of this year at $82.5k. the last days we went through the 200DMA on high volume and left it behind us. Combined with the fact that bears were not able to slice through 200WMA and showed seller exhaustion, the situation is pretty clear, together with on-chain data signaling beginning bullish momentum. There are indicators that are much more reliable than day counts. And of course, you would need an FTX-like event.

Romanizer

And power law would need to break together with 200WMA. Last cycle we had a cascade of systemic failures and liquidations with the FTX crash as a finale. Still, power law held. This cycle, we are far from any kind of comparable failure. $57k was already much lower than anyone could hope for. It was a gift for a generational market entry.

hippofire

We also had FTX

DaVirus

0. Lost it all in a boating accident/FTX collapse/Trezor wrench attack/ColdCard hack.

Sacredwisp

You were in the majority a week ago. Everyone and their mother saying one more leg down in October. Long term holders undereater is comparable to other bears. Sellers are exhausted. We hit bullish divergence already. We had 3 legs down like the last bear market. We had another leg down a few months ago, and it barely swept the low. To me, it felt a lot like FTX. We had price capitulation in Feb and time capitulation all year. We didn't hit any of the top indicators and had a distribution rather than blowoff top, but we hit about half the bottom ones. It's possible the low isn't in, but I find it hard to believe at this point. In a bear, we take the escalator up, elevator down. In a bull, the opposite. We'll, we just had our elevator up.

LargeSnorlax

Buttcoin is a LARP sub nowadays. Before it was a place where 60 year old men could sit back on their blood money duvets and complain about the nonexistent digimal tokens and how they had any value at all, but since 2021 it's become inundated with failed crypto traders who lost their shirt during the FTX collapse and have made it their life mission to screech about how crypto is a scam because they suck at it. Go ahead, look at all the accounts there. All fresh, all cleaned. Most have cleaned out their history, but if you know how to check, the internet doesn't forget. They're all over the place on all sorts of altcoin forums, saying to the moon and other such nonsense - Until the prices *weren't* going to the moon. Now it's a scam, a scheme, a pyramid, any other words they can throw at it. The same dudebros who were cheering for SHIB to be $1 are the same denizens of /r/buttcoin now, forever cursed to be posting about how the thing they completely failed at is a scam, because *reasons* that totally have nothing to do with that.

Xennenial

I bought through the bottom of the COVID crash, the bottom of the FTX crash and the bottom during the last 7 months. I took profits during the bull runs that proceeded the first two aforementioned crashes. I'll take profits during the next bull run. All the people who talk shit about crypto are the ones that are too incompetent to make money in this space.

Left_Entrepreneur918

I remember after FTX btc rallied to 25k, the moon boys came back and boom we went below 20k again. Bears can have rallies

NerdyKid1101

It's been so crazy this cycle haha the only other time we've stayed under the 200 week MA is when FTX collapsed so we very well could stay under it for a while but regardless, It's a good sign we've hit bottom.

quintavious_danilo

Not that I know of. They big players are all set up pretty good after that FTX disaster. Some smaller exchanges recently closed shop but that wasn’t even moving the price at all.

Left_Entrepreneur918

I bought .5 the day after FTX crash when it hit 15,500. I thought blood in the streets. I had an inheritance left over.

ubermensch1001

What's crazy to think is that post FTX around late November-December of 2022 we were at around 16k and about 14-15 months later already setting a new all time high. Don't underestimate how fast this can recover and how quickly we can get back above 100k and even setting a new all time high.

fan_of_hakiksexydays

We still went down more than 70% in early October before the FTX/Luna crash. FTX imploded in November, and crashed the market even more down to around 78%.

devCheckingIn

There is the argument that the last cycle's low occurred in October only because FTX went kaboom, and there's no guarantee we'll get a similar-sized black swan event this time around.

Specialist_Ant116

Welcome to the party, boss! Withdrawals have been frozen since the announcement on July 26. We are mobilizing globally to freeze their assets and get out money back. You have just entered a mini-FTX! Connect with the rest of us on telegram or X I guess.. Start filing reports to your national cybercrime department

Django_McFly

A lot of people feel like *if any of them had an issue, then all of them must have the issue* and no amount of like reputable operation or regulatory approval can change it. If FTX was stealing customer funds, then literally every exchange on the planet must be stealing customer funds. If 2026 Nissan Altima's have a brake system recall, then every car must have a brake system recall.

boldstrategies

The fortune cookies at this one Chinese restaurant I go to had their fortunes sponsored by FTX. This was a year or two ago.

tenor_tymir

You were lucky so far. Not a very long time ago, FTX, Vovager, BlockFI, Mt.Gox and Bybit either closed shop or had hacks into the billions. You were lucky you didn’t choose any of them because you definitely could have.

TerminatedPotato

FTT (the FTX crypto) has gotten as low as $.20 per coin but still hasn't hit zero. People don't seem to realize how stupid it is to say "Bitcoin goes to zero". Tbf though it's the same logic that makes me wonder why Saylor said "It's going up forever, Laura." It will break a million. Probably 10 million per coin in my lifetime. The one thing it can't do is go up forever.

MarioWilson122

Nah, millions of others are far worse for the reasons I described, since people actually got completely scammed, remember BCC, FTX, etc. Also, the ghoul, which I guess is Elon, was not a part of DOGE in the '13 or '17 bull run, and it still did very well, so we can't just ignore that. Enjoy just making up stuff since you dislike it so much.

betterthanluck

Seriously, only Pros like me use Voyager. Experts use FTX or Mt Gox

Illustrious-Boss9356

Is the value not taken from one group to another when Mt Gox or FTX collapse? When sophisticated phishing schemes work? When Coldcard seed gen is compromised? Or when quantum breaks ECDSA? Or when the network needs to increase coinbase subsidy to keep the network secure? Or when mining is only viable with purpose built ASICs which has centralized mining to a few groups of the "fiat incumbent" crowd? Cmon now.

gwizonedam

I live in Miami. I used to see so much FTX crap in my local goodwills. It’s tapered off quite a bit, but it felt like it was a donation free-for-all for a few months there a few years back.

hrad95

I thought I was a hero for buying during the FTX crash lol

fan_of_hakiksexydays

I remember last cycle when so many people thought $36K was the bottom (also nearly 50% like now). We bounced back, and it looked like we were recovering and the bear market was over. In a very similar way to when we dropped to $60K this year. Then just like when we dropped again to $58K recently, back then there was a drop to $29K, then a bounce back. Then we dropped to $20K, it looked like that was definitely the bottom. But then we had the FTX/Luna fiasco. When you think the bottom is in, there's always another bottom lol.

ZascandileandoAndo

Next time instead of "SBF" just say FTX ffs, not everyone needs to know all your shitty acronyms

Consistent-Ad-8802

But we didn't have a an FTX type of event this time and the same amount of time as every other cycle hasn't passed?

Consistent-Ad-8802

But we didn't have a an FTX type of event this time and the same amount of time as every other cycle hasn't passed?

piggleii

1. They learned from FTX not to do stupid shit with other people's money. 2. They've pivoted to allowing perps trading on "real word assets".

ellis1884uk

Im actually the opposite, dodged Gox, dodged Quadrigacx, dodged FTX & Genesis (was accredited investor) and now Coldcard (never liked NVK)

DifficultSquash1517

I just did a quick search it seems that people that lost $50,000 or less got $119% of their FTX money back and those that lost $50,000 or more got 98% back Seems to depositive things never make it to the headlines the old "if it bleeds it leads" mentality in reporting Even the Nernoe Madoff , 83% of all the money was returned to victims

Ok-Sympathy9768

Anecdotally, my personal experience, i got into bitcoin late, I lump summed in at around 3k years ago ( I didn’t stack “sats”, I stacked bitcoins); saw that go to 69k and saw it crash back down( my exit strategy in 2021 for half my stack was the 75k price point; which never happened ). I lump summed in again after FTX shit show because I was still up overall and had strong conviction ( scarcity, decentralized, financial independence from 3rd party, and the promise of mass adoption; BTC was a sacred cow). I road it up to 120k+ this cycle and thought it was going to the moon to at least 150k; which was my new exit strategy price point for half my stack. I was wrong and it didn’t moon but crashed again, lesson learned. I sold off almost all my BTC investments, all in tranches starting in the 95k range; I made life changing money because of BTC and left life changing money on the table. Now, I will only hold a few bitcoins worth exposure, and only in ETFs, in a tax advantaged account just in case it does moon (I own zero actual bitcoins or sats). This is why I believe it’s a 4 year cycle; at best.. if bitcoin was going to moon like it supposed too, it would have not crashed back down this time If you want to invest in BTC as if there is zero evidence of a “4 year cycle”/DCA, that is your choice. I will gladly take the other side of that trade.

Puzzleheaded-Dot-762

I'm sure people told him to buy a hardware wallet after the FTX fiasco. If he starts buying ETF, I'm selling my IBITs. 

Fearless-Sherbert-40

Broskie, I had FTX and a Coldcard, but spent my gains on drugs before I could get rich. Now I’m in debt to rehabs with health insurance bills and a criminal record from all the scandalous shit I did so I am unemployable. There’s always a silver lining my dude. I’m only investing in Pokemon cards and meme coins from here on out. I know if I make any kind of significant money, it’s going up my nose. Stay broke my friend, money is evil.

ElderMight

There was a person who posted on the cryptocurrency sub back in 2023 that they lost $50k+ on Celsius. Then they invested $25k on FTX which they also lost. They finally bought a ledger after that but got spooked by the ledger recovery feature and moved their coins in a panic to Atomic wallet, which got hacked and stole $100M from users. At least you're not this person.

Jenn2895

I hear your concerns w/ Eth & also managed a Btc average last cycle of $20k. Did the bulk of buying after FTX crash & Xmas 2022. Sold it all when I 5x’d. Which is great in the markets in general, but not so much for crypto. To be honest I’m not too excited about Btc or Eth this cycle. Simply due to their high market caps. They are definitely safer bets now. Which is great risk wise, not so much return wise. But I think box will pull off at least a 3x. Probably higher for Eth b/c of RWA, Ai agents, global finance moving on chain, & supply squeeze since 1/3rd is already locked up in staking. Decided to go heavier into $Link now. Market cap is lower, $7B. They also have a lot of partnerships, patents & basically positioned themselves to be critical infrastructure for Web3, Defi, Global Finance, etc. Think Chainlink will easily 10x this cycle. Possibly much higher, but 10x easy. Been trying to find some small caps w/ strong fundamentals & utility. So if you got any leads I’ll def take a look. Last cycle I threw some $ on SwftC just b/c they had a micro cap, $5M, were already available on a major exchange & had utility. It’s so much easier to get over a quick 10x when the market cap is so low. I avoid memes though. I have 1 & it’s literally just for the meme b/c I like paying or gifting people “magic internet money” 🤣.

Ok-Pea4148

People in early 2008 also thought banks were now mature and could not collapse like they had done in the past ... Whoever thinks we will not have another MtGox or FTX is mistaken. Just because an exchange is big and "mature" does not mean it cannot collapse. Even Coinbase, Kraken or Binance can collapse. The question is not whether it will happen but when. And when it does happen, Coldcard will look tiny in comparison

Tasty_Action5073

Mtgox, FTX, and all the others send their regards. The risks of exchange outweigh the risks of self custody.

ubermensch1001

Bro, the liquidations from the crypto lending space, FTX, etc. from way back in 2022 was substantially larger overall than what's been going on recently and when the market cap was much lower.

Quick-Mention7916

If FTX and Luna didn’t kill crypto, honestly nothing will. Just relax. Same shit happens every cycle lol.

_Commando_

Tell that to MtGox, FTX, and all the others in between.

JohnnycompUtah

I genuinely don't even understand hating Bitcoin so much to frequent a subreddit about it. It's an asset that that no one is forcing you to buy. I remember when BTC crashed after the FTX collapse, all of my most big-brained friends were laughing about how it was going to zero. True geniuses.

Timely-Fig2030

Okay, then i recommend you to checkout the Internet Computer Protocol. (ICP) Everyone says it's dead, but when you look at the tech you will be sucked into the rabbit hole. This thing went from 2021 centralized pump and dump (FTX perps and seed investor dump) to a decentralized world computer, that has become truly decentralized through the NNS. Seed investors have dumped long ago and everyone is underwater. Most fail to see the potential because of it. I can see it though. There is only 1 world computer. BTC led to ETH. ETH will lead to ICP.

Individual-Scar-5726

Release price was manipulated by FTX perpetual futures

derbyfan1

I thought the same when I held on Celcius. And then on FTX. What could possibly have gone wrong???

ChickenCari53

The fear of messed up self-custody is real for beginners, but trusting third parties just trades technical risk for counterparty risk. Ask FTX users how much those regulatory filings helped them

Deep_Condition3696

In every hack or steal, there's a win. 1. Coldcard won in FTX Exchange Collapse 2. Binance , an Exchange, won in Coldcard Collapse

DyehuthyTV

But that doesn’t solve the 'risk of losing your Bitcoins' An ETF is managed by a third-party entity (*asset management companies*) if they go bankrupt or their ETF no longer has the custody of that Bitcoin (*e.g are hacked*) or they do bad things with it (e.g FTX) investors in these instruments may also lose all their Bitcoins. S,o there is no method or way to custody Bitcoin at zero risk.

Left_Entrepreneur918

Damn really, I thought in 2022 the day after FTX, this shit is done. BTC was at 15,500 and well under the last market high of 20k. I remember I had half of my inheritance left and thought. You’ve lost money on everything so just do the opposite. I became a whole coiner that night. But if you are talking Alts, yeah technically it’s been a bear since 2021 lol.

Odra_dek

Only, last time previous ATH didn't act as support, price went significantly below after FTX crash

PutAdministrative809

A $2T market cap doesn’t magically make an investment environment serious or safe lol. Madoff had \~$65B in purported client assets. Enron was one of the largest companies in America. FTX was valued at $32B. History is full of enormous valuations attached to fraud, speculation and fundamentally broken systems. And “$2T market cap” doesn’t mean $2T of cash was invested in Bitcoin. It’s supply × the current marginal price. Size proves people are willing to assign something a high price; it doesn’t prove the market surrounding it isn’t manipulated, corrupt or irrational. BTC having a legitimate use case is an argument. “It’s worth $2T, therefore the investment environment must be serious” isn’t. And everyone keeps acting like “regulatory clarity” automatically fixes this. It could easily do the opposite. If the rules are written around institutional custody, compliance and access, the biggest players get a cleaner playing field while retail gets boxed into whatever’s left. Crypto doesn’t magically become a fair market because BlackRock and Wall Street get clearer rules for participating in it. If anything, institutions are the ones with the capital, lawyers, infrastructure and political influence to benefit most from whatever framework gets built. Retail getting fucked while institutions get preferential access would hardly be a new chapter in financial history.

ccts817

Listen, i've been using Bitmart for years, without issue. Even recent withdrawal in mid July 2026. I wonder what happened to them...sounds like another FTX lol

TheAudacityofHopium

I've been a BTC enthusiast for a couple of years now. I've honestly never seen anything as devastating as the Coldcard hack. I'm angry and sorry for all of the people who trusted Coinkite and lost everything. However, even now, as bad as it has been recently, I'd say that self custody is still the answer. Your chances (historically) of losing everything to an exchange because you decided not to self custody are still extremely high. We've seen too many big companies fail....Mt. Gox, Celsius, FTX, etc. The way I see it: if you self custody, your chances of making it are still much higher than if you let an exchange hodl your coin for you. It's rough, but you have to try your best, because an exchange at the end of the day is still worse by a long shot. Again, I'm really sad about the hack, but that's part of what big governments like North Korea and China want you to do: stop self custodying and give it to companies from which the bitcoin can ultimately be seized.

ClearSnakewood

Bitcoin lending is how corps steal your coin. BlockFi, Celsius, FTX already showcased how that works. Keep your coin in self custody, away from these paper games, and sell when you really have to. And NO, this time it’s NOT different.

fan_of_hakiksexydays

lol I don't know about $20k. If cycles continue on the same course, $40K sure. Maybe $30K if exchanges and crypto banks run into major problems and if ETFs start to panic. $20K, maybe if MSTR shits the bed and we get a Luna/FTX level event.

1dabaholic

MSTR failing will be the mt gox, FTX, bitconnect, etc of this cycle

kardanokid

200W MA - Cheap BTC Cold Card Hack was the FTX of this cycle, BTC still didn't dump BIP 110 was outcast by miners.

HKBFG

and FTX was a stock brokerage?

ecrane2018

FTX traded tokenized stocks, but people are just weary of any centralized exchanges because of what happened in the past with an exchange people trusted.

PoopKing5

FTX customers also got their money back. Sure, it sucks that they didn’t experience their crypto appreciation, but getting your money back is better than the zero you’d get with losing keys for cold storage. FTX folded bc of their prop trading, not because their custody platform failed. CB/Kraken doesn’t have a similar risk profile in any way as an exchange/custodian

harvested

You literally just said: "more lost in self custody even with those." and I can't ask for your source? Fucking clown sub. - Mt Gox (2011–2014): ~850,000 BTC - Bitfinex (2016): 119,756 BTC - FTX (2022): ~80,000–100,000 BTC-equivalent shortfall - Bitcoinica (2012, three incidents): ~102,000 BTC - Linode breach (2012, hit Bitcoinica/Slush/others): ~43,554 BTC - QuadrigaCX (2019): ~26,500 BTC - Bitfloor (2012): 24,000 BTC - Bitstamp (2015): ~19,000 BTC - Cryptsy (2015): ~13,000 BTC - Picostocks (2013): ~13,100 BTC across two hacks - Bitcoin7 (2011): ~11,000 BTC (reported) - Zaif (2018): ~5,966 BTC (plus other coins) - Binance (2019): 7,000 BTC - Mintpal (2014): ~3,700 BTC - Poloniex (2014): ~97 BTC - Flexcoin (2014): ~896 BTC

harvested

Look up mt gox, FTX, Celsius, and many more

tiktaktok_65

FTX was never a good one. It was just popular.

Todo_es

Exactly, it is incredible how many people have misinterpreted what happened. Individual centralized companies (Coldcard, Bitpay, FTX, MtGox, Celsius, etc.) will always have failures. Bitcoin is secure. Cybersecurity expert Roman Yampolskiy to Rogan: "If someone could hack Bitcoin, there's a trillion dollars sitting there. The fact that no one has claimed it tells me it's secure". https://youtu.be/j2i9D24KQ5k?t=7895

eXch-Affiliates

FTX was never considered reliable by anyone vaguely familiar with crypto. I don't know anyone who used them.

MakCapital

FTX had no time to even build trust before it collapsed and everyone ran to pick it apart instead of forming a real recovery plan. Kraken has been fighting for users and this industry from the start. Fought hard on privacy and self custody too. One of the few good actors.

No-Masterpiece2246

I'll never know if FTX was a scam? What are you smoking? Or just AI bot

TotalRepost

Except it wasn’t. I think you’re talking out your ass. Did you know Sam was about 1/3 of the trading liquidity at Bittrex before he found FTX? Liquidity is king for an exchange. It’s why Binance is still around. If wintermute wanted to start an exchange it would be a top 5 the first day. But you probably don’t even know who wintermute is so I’ll let you google that

TCr0wn

No bro. FTX came out of no where making bigger than life promises. Your full of shit or just ignorant tbh

ftball21

No it wasn’t. FTX came out of nowhere and had clearly unsustainable earning rates (5% on all assets if I remember correctly). Coinbase, binance and kraken are the only centralized platforms in crypto I trust 🤷🏽‍♂️

Drspaceman1717

FTX was the most popular and well known…

Drspaceman1717

But this is also exactly what they said about Celsius and FTX. Just be patient while your investment becomes insolvents.

Actual-Indian

Staying out of jail longer than FTX

Awkward_Potential_

I'd buy more then. Thats how I played FTX. I bought the crash then I bought the crash again. Eventually it stops crashing. 

seaningtime

He's going to be remembered as a major catalyst for a giant crash at some point, like FTX and Celcius.