FTX Crypto Cup
Sort:
It’s kind of wild how quickly things can change in the crypto world, especially with FTX collapsing like this. I can see why there’s frustration—people were hyped up on crypto being this big, safe thing, and now it’s looking like a mess. As for the tournament prize winners, it seems like they may not be responsible for FTX’s issues, but who knows how that’ll play out legally.
On a personal note, I’ve been focusing on solana staking lately. The blockchain's speed and security caught my attention, and it’s been reassuring to get involved in something that feels a bit more stable. I’ve staked some SOL for rewards and it’s been smooth sailing so far.
So millions of investors may lose their money (over a billion dollars) in the bankruptcy of FTX. Do the prize winners in last August's FTX Crypro Cup tournament have to give back the money?
I remember during one of the breaks in that tourney, Danny Rensch talked up a storm about cryptocurrency and what a great company FTX is. He said something like "Get in on the cryptocurrency boom. What are you waiting for?" Well, now he knows what we were waiting for. We were waiting for the whole, stupid house of cards company to collapse before we wasted our money investing with it.........