Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on December 13, 2022, 01:40:34 PM
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I just want to express some felling about the FTX exchange collapse and how it has impacted the crypto community; I have considered the story that lead to the crashed of FXT exchange as an unfortunate experience, and a situation that had brought shame and doubt among new and old users on this adaptions times for cryptocurrency. I think Mr Sam Bankman Fried should stand trail for his role on tht FTX collapse, and should be jail to serve as a lesson to others. In my opinion, the FTX collapse has brought shame and doubt to the cryptocurrency progress. Do you think it may have badly affected crypto?
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Of course, the collapse of the FTX exchange had a very negative impact on the entire cryptocurrency market and brought great disappointment to its participants. There is even an opinion that because of this crypto winter, it can be delayed for some period, even until the end of next year. Therefore, law enforcement agencies must find out the cause of such a collapse and the guilt of Bankman Freed, and if he is guilty, he must be severely punished. There was even information that he had already been arrested and he was awaiting extradition to the United States.
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A BIG yes! The year of 2022 will be considered as the year when many big platforms and big names in the cryptocurrency industry collapsed for various know reasons...starting with LUNA and then FTX with its contagion effect in many other connected organizations. Corruption, mismanagement and abuse are the three important themes that enveloped these sad stories. I am sure that Sam Bankman Fried will stand trial for what he did and will be serving time to let him realize that this is not a game that he can just play like a child. I am sure more pertinent details of FTX will come to view in light of the trial but for now we should be dealing with the fallout...good thing to see Bitcoin seems to be not affected that much and is even on a pump after the arrest of Sam.
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Although many NFTs use Ethereum’s ERC-721 token standard, NFTs are also prevalent on several other networks, such as TRON (Blockchain Cuties), EOSIO (EOS Knights), and NEO (Blocklords).
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yes definitely has, now we have bank runs happening crypto exchanges prime example binance is getting hit now.
there is so much fear and doubt now.
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There are many stories in 2022, Terra Luna and FTX make crypto investors worry because their crypto assets have fallen and there have been many losses experienced by investors.
The CEO of FTX doesn't seem to be transparent about what they are dealing with, the lack of liquidity made the exchange bankrupt and some of the hacks that took place are still a mystery, how hackers could easily extract funds from the exchange, this made many investors switch to Dex and prefer DeFi
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Certainly the FTX scandal has shaken the entire crypto world, it will be considered a dark chapter for crypto, which has brought down the entire cryptocurrency market, and has reduced investors' confidence in centralized exchanges.
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No, more likely no than yes. Because many investors didn't know what FTX was, and they only found out when FTX crashed. Of course, this is a very sad picture and what happened had a negative impact on the crypto market. What will happen after FTX, LUNA, what project will go down? Better think about it now!
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Of course it had brought glee and happiness to much of the crypto hating community but we need it. There's so much chaff in here that the overshadow the real thing, making future investors think crypto is a criminal hide out
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Crypto gaming is gaming where users spend or earn cryptocurrencies instead of fiat money. It allows developers to add another layer of reality to their games and ensure gamers’ security and anonymity since blockchain technology doesn’t require any personal details.
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I don't think so. The crypto regulated exchanges are still on the top. And with the start of "Proof of Reserves" the people will have a more wider and transparent look to the cryptos on various exchanges.