Maxicreed
Active member
FTX was among the top 3 exchanges before it broke our heart unexpected. The SBF saga was a wake up which ultimately led to the adoption of the concept of the Merkel tree Proof of Reserve. The market have since shown some sign of strength and recovery until the recent Binance cases with few European and north American countries regulations.
The most recent will be their news of downsizing and the sudden termination of the five-year partnership with the Argentine Soccer Association, just after a year. These have raise suspicious question over the safety of user assets.
I don't think we can afford another FTX and I hope Binance survive this heat to bounce back. This scenario also help resonate the famous adage" don't put your eggs in one basket" cos you will definitely loose all if anything happens but the question is which exchange can be reliable and safe at the moment?
The most recent will be their news of downsizing and the sudden termination of the five-year partnership with the Argentine Soccer Association, just after a year. These have raise suspicious question over the safety of user assets.
I don't think we can afford another FTX and I hope Binance survive this heat to bounce back. This scenario also help resonate the famous adage" don't put your eggs in one basket" cos you will definitely loose all if anything happens but the question is which exchange can be reliable and safe at the moment?