4 ms·

I checked my FTX account, only had play money in there. But, despite all the people saying "FTX is fine, withdrawls still work, it's all fine" - nope, everythin

I checked my FTX account, only had play money in there. But, despite all the people saying "FTX is fine, withdrawls still work, it's all fine" - nope, everything is disabled, withdrawls show $0.10 avaialble to withdrawl (out of a few hundred I had in actual US cash, plus the BTC and doge transactions are all disabled. This is very serious for many people - there are some who had substantial amounts of money, including my friend who is at the moment suicidal, a lot of his identity and worth was tied up in crypto. Please offer support to those you know who are affected by this scam, and do not encourage or enable anyone else to dablle more than throwaway money into anything crypto

pmcollins 4y ago
FTX.us or intl?
- skullone 4y ago
  ftx.us - checked again, at least my account is still unable to withdraw.
  - vgatherps 4y ago
    I was perusing hot wallets recently and USDT is still pretty well funding on a few wallets (BSC, SOL, TRON) if I remember. USDC is mostly empty or near empty. Didn't check other coins but if you can I'd cancel the withdrawal, swap to USDT, swap back to USD somewhere else. Costs some fees but much better than potential total loss. And send small some test transfers first to see which paths work. reading your original post, if available to withdraw only shows 0.1, are you possibly lending out or taking a margin position? I experienced that the 'available to withdraw' field indicated what I should be able to withdraw in theory, not what ftx could actually handle
woah 4y ago
This has nothing to do with crypto, it has to do with people sending their money to a con man. If your friend had "his identity tied up in crypto", then why wasn't he holding it himself?
- Bilal_io 4y ago
  Yup. Not your wallet, not your money.
  - anonporridge 4y ago
    "Not your keys, not your bitcoin." Some of use have been yelling this from the rooftops for years, but apparently some people simply must learn the hard way.
    - itake 4y ago
      I’m happy I stored my Terra on Kucoin so I could have an easy exit. During the crash it took hours for Kucoin to confirm UST deposits. I’ve also lost money in mtGox.
- PragmaticPulp 4y ago
  > If your friend had "his identity tied up in crypto", then why wasn't he holding it himself? Some people love day trading crypto. They keep funds on exchanges so they can trade immediately and not deal with constant back and forth transactions with their own wallet.
  - kypro 4y ago
    Yes, this is exactly the point that needs to be made. A few weeks ago I think it was quite easy to argue that it was riskier not to have it on an exchange because when it's not on an exchange you can't convert it back into USD when significant market moving events take place. But more importantly a lot of these people chose to keep their crypto with FTX specifically because it was seen as the safest pair of hands. If investors like Paul Tudor Jones are "stupid" enough to fall for this "scam", then I think we should probably have a bit of compassion for the average Joe who's lost money here. My heart genuinely goes out to everyone impacted by this.
    - stoplying1 4y ago

pmcollins 4y ago

FTX.us or intl?

skullone 4y ago
ftx.us - checked again, at least my account is still unable to withdraw.
- vgatherps 4y ago
  I was perusing hot wallets recently and USDT is still pretty well funding on a few wallets (BSC, SOL, TRON) if I remember. USDC is mostly empty or near empty. Didn't check other coins but if you can I'd cancel the withdrawal, swap to USDT, swap back to USD somewhere else. Costs some fees but much better than potential total loss. And send small some test transfers first to see which paths work. reading your original post, if available to withdraw only shows 0.1, are you possibly lending out or taking a margin position? I experienced that the 'available to withdraw' field indicated what I should be able to withdraw in theory, not what ftx could actually handle

woah 4y ago

This has nothing to do with crypto, it has to do with people sending their money to a con man. If your friend had "his identity tied up in crypto", then why wasn't he holding it himself?

Bilal_io 4y ago
Yup. Not your wallet, not your money.
- anonporridge 4y ago
  "Not your keys, not your bitcoin." Some of use have been yelling this from the rooftops for years, but apparently some people simply must learn the hard way.
  - itake 4y ago
    I’m happy I stored my Terra on Kucoin so I could have an easy exit. During the crash it took hours for Kucoin to confirm UST deposits. I’ve also lost money in mtGox.
PragmaticPulp 4y ago
> If your friend had "his identity tied up in crypto", then why wasn't he holding it himself? Some people love day trading crypto. They keep funds on exchanges so they can trade immediately and not deal with constant back and forth transactions with their own wallet.
- kypro 4y ago
  Yes, this is exactly the point that needs to be made. A few weeks ago I think it was quite easy to argue that it was riskier not to have it on an exchange because when it's not on an exchange you can't convert it back into USD when significant market moving events take place. But more importantly a lot of these people chose to keep their crypto with FTX specifically because it was seen as the safest pair of hands. If investors like Paul Tudor Jones are "stupid" enough to fall for this "scam", then I think we should probably have a bit of compassion for the average Joe who's lost money here. My heart genuinely goes out to everyone impacted by this.
  - stoplying1 4y ago