FTX Could Reinstate – 236

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That'll get us everything we need out of This I think Let me make sure we have the full Article here yeah that looks good to me So uh bankrupt crypto exchange FTX is Looking into the possibility of Reviving Its business chief executive officer John Ray told the Wall Street Journal on Thursday right who took over the reins In November has set up a task force to Explore restarting ftx.com the company's Main International Exchange he said in An interview with the Wall Street Journal the CEO also told the journal That he would look into whether Reviving Ftx's International Exchange would Recover more value for the company's Customers than his team could get from Simply liquidating assets or selling the Platform ftx's native token ftt surged Nearly 30 percent after the report so if You're wondering what the surge was for It of course it was this report he says Quote I'm glad Mr Ray is finally paying Lip service to turning the exchange back On after months of squashing such Efforts end quote FTX founder and former CEO Sam bankman Freud said a tweet Continues to say I'm we're I'm waiting For him to finally admit FTX us is Solvent and give customers their money Back Bateman freed added a legal Representative for FTX did not Immediately respond to Reuters requests

For a comment Beckman freed has been Accused of stealing billions of dollars From the exchange's customers to pay Debts incurred by his crypto focused Hedge fund Alameda research he has Pleaded not guilty to fraud charges the Future customer funds of customer funds However remains unclear earlier this Week FTX said in a report to creditors That hackers stole about 415 million Dollars in crypto from its International And U.S exchanges since its bankruptcy In November I get to throw that tinfoil Hat on like I did with nysash when is When are people going to start getting Caught and be held accountable for Hacking their own and like it's Getting it's it's like almost to the Point where it's Painfully obvious And usually the guy like either goes Down or disappears completely right or Steps down from the company best case You know like you get with like the Takeover ownership on nice hash right It's like well it's under noon it's Under new ownership you know so just Don't worry about what happened in the Past ignore it and trust us And like that just feels like what's Going to happen with FTX now right They're going to stand it back up They're going to say well it was that One guy ignore it also all those funds

Were stolen so whoopsies we can't pay it Back sorry sorry the customers will get No Recourse and at the same time the Company will just re-stand up and suffer Zero consequences this happens time and Time again with centralized platforms And if you were principle based in Crypto it should be completely obvious That anything that is centralized Succumbs to this type of behavior Because people naturally end up in a Position where even if they're not fully Corrupt or have the best of intentions In the first place you still have the People problem and that's what we talk About in crypto a lot like that applies To coins as well you can have the best Intentioned crypto project but the fact Of the matter is is that it always has The human problem And if we ignore that fact then we put Ourselves into positions that are Compromised right especially when it Comes to finances that means that you Put yourself in a in a compromised Position financially because we all have That tendency to kind of ignore you know Ignore the principles right it goes back To I mean what a great book that I've Been uh rereading now is like the seven Habits of highly effective people I Think it helps a lot in cryptocurrency Because you can start to write down your

Mission statement within crypto you can Start to write down you know what your Principles are what you should be Working on within it and it's it's Definitely helped me a lot as well uh Recently as we go through the bear Market so I highly recommend it thanks For checking out this clip from the Crypto mining show you can check out the Full episode here or more crypto content Down here also I'd like you to check out My locals page at son of a Tech.locals.com where you can become a Member for free or choose to be a five Dollar a month supporter that unlocks Additional content

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