2025-12-27 03:20:38

The story of FTX is a catastrophe in the crypto world. In 2022, this industry benchmark, once valued at $32 billion, collapsed within weeks into the world's largest Ponzi scheme. 500,000 users lost their funds entirely, and top institutions like Sequoia Capital, SoftBank, and Temasek all suffered losses, totaling billions of dollars. Even such investment giants are powerless—what does this imply? It indicates that there is no savior in this market.

The situation of FTT is the best illustration. The derivatives platform has been shut down, liquidity has dried up, and no major investors are willing to touch this hot potato anymore. With the trading activity gone, what hope is there for a rebound? History has already given the answer—some things, once fallen, cannot get up again. This is not only a tragedy for FTT but also a wake-up call for the entire community: no matter how glamorous the narrative or how top-tier the backing, they all appear powerless in the face of risk.

FTT1,38%

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CoolAdditive

· 20h ago

Any news in the past couple of days?

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MoonWaterDroplets

· 23h ago

FTX that wave was really brutal, 32 billion disappeared overnight. I thought top-tier institutions would backstop it, but it was all in vain. SBF really gave the industry a lesson; no matter how much backing you have, you can't withstand the risks. Now no one dares to touch FTT, even liquidity is gone. This is the most desperate situation. Talking about saviors, we all have to rely on ourselves. Don't be fooled by narratives. Venture capital giants like Sequoia and SoftBank also hit the wall; it's even harder for ordinary people to survive. The fallen assets truly can't bounce back; FTX is the best negative example. Even the most reputable exchanges can go to zero overnight. The market is too dangerous. Sometimes I really feel this circle is just big fish eating small fish. The projects that boast the loudest are often the riskiest, it's heartbreaking. Shiny endorsements are actually worthless; the key is risk control.

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ValidatorViking

· 23h ago

nah that's why i always say consensus finality beats hype narratives every single time. ftt became a ghost token real quick once the validator set realized there's no uptime left to defend.

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BearMarketSurvivor

· 23h ago

I already said it, in this circle, those who rely on storytelling to make money don't have a long lifespan. FTT has now truly become a zombie coin; no one dares to move it. Savior? Laughable, it's all just illusions. Sequoia and others also hit a wall, showing that nothing can be relied on. Protecting your own wallet is the real key. Liquidity dying means death; no matter how beautiful the story, it can't be saved. This time, FTX has shattered many people's dreams. Anyone still daring to go all-in must have their head waterlogged.

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PoetryOnChain

· 23h ago

Really, the FTX incident is a textbook example of the worst. Sequoia and SoftBank have both fallen, who else can you rely on to save the day? FTT is now a dead coin, no one dares to touch it. SBF's scam tactics are indeed high-level, but the fundamentals are just rotten. In the crypto world, there are no saviors, only retail investors and those who take advantage. Watching those "top endorsements" one by one get exposed, I really admire it. History really repeats itself; the next FTX could appear as early as next year. That's why I stopped touching exchange tokens long ago—they're too dirty.

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SilentObserver

· 23h ago

Sequoia and SoftBank have both failed, what else do you expect to turn the tide? --- FTT should have been wiped out long ago. If no one dares to buy the dip, why talk about a rebound? --- In simple terms, no matter how loud you boast, it's useless when risk comes. --- A valuation of 32 billion turning into a scam overnight, this circle is truly unbelievable. --- If liquidity is gone, don't expect major players to rescue it. The answer is clear from history. --- Every time it's top-tier endorsements, and yet it crashes again. When will they learn? --- Everyone wants to buy the dip, but in the end, they all become the little guys. Truly ironic. --- What does the FTT incident warn us? No matter how big the endorsement, it's unreliable. --- Why should coins that have lost trading vitality be able to rebound? Just hearing it sounds absurd. --- If it crashes, it crashes. Don't always think a savior will appear.

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MissedAirdropAgain

· 23h ago

Sequoia has also hit a wall and still wants to rely on retail investors to turn things around? Dream on. SBF indeed played himself out this time, but such things happen often in the circle. FTT is now just a monument; who dares to take this on? Glitzy narratives... honestly, it's just storytelling to scam money. How did I not think of that? Some things that have collapsed really can't recover; just look at how many coins are lying dormant. Is there really no one to rescue the market? It's all about psychological resilience. Tokens with dried-up liquidity are essentially chronic death, no surprises there. Top-tier endorsements can't even shield against risks; that's the most heartbreaking part. Once down, you can't get up... sounds a bit tragic, but it's the truth.

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AllTalkLongTrader

· 23h ago

FTX that wave really shattered dreams, 32 billion USD gone in an instant, this circle is just a casino SBF has betrayed so many people, even institutions wasted, who to blame? In the end, it’s still oneself who didn’t hold on No one dares to touch FTT now, once liquidity is dead, it’s truly dead No matter how sophisticated the story, it can’t outrun risk, this is a bloody lesson Don’t talk about saviors, this circle depends on itself to survive Trust me, there will be others stepping into the trap next time, because people are forgetful The suspension of contracts shows that the ecosystem has really been destroyed 50,000 people lost their life savings, just hearing this number makes my brother shiver Investment giants have all crashed, what can we retail investors still hope for? Some projects just fall, don’t expect a rebound anymore

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