They declared bankruptcy but then last night there was some weird activity in their wallets and everything started moving. They then announced they were hacked and the new update on they app was malware. I think it is more of an inside exit scam than a hack.
I don’t use FTX myself, but I wanted to let those of you know who do. Maybe it all turns out ok, but better date than sorry.
We are headed for a long(er) crypto winter IMO. Too many large institutions have crashed. Hopefully this moves toward fewer centralized platforms. Centralization is what crypto sought to escape anyway. I will admit this is the most bearish I’ve felt fair crypto in the 5 or 6 years I’ve been involved.
I don’t use FTX myself, but I wanted to let those of you know who do. Maybe it all turns out ok, but better date than sorry.
We are headed for a long(er) crypto winter IMO. Too many large institutions have crashed. Hopefully this moves toward fewer centralized platforms. Centralization is what crypto sought to escape anyway. I will admit this is the most bearish I’ve felt fair crypto in the 5 or 6 years I’ve been involved.
