Who lost money due to FTX?" It's a question that's been echoing through the halls of the cryptocurrency world in recent months. As the dust settles following the collapse of this once-promising exchange, the tally of losses is becoming clearer. Investors, big and small, have felt the sting of this downfall. Retail traders, many of whom trusted FTX with their hard-earned savings, now face the reality of financial ruin. Institutional investors, who saw FTX as a gateway to the burgeoning crypto market, also stand to lose significant sums. And not to mention the countless businesses and projects that were tied to FTX, their futures now hanging in the balance. As the investigation into the matter unfolds, more details will emerge, but for now, the question remains: Who lost money due to FTX? And how will they pick up the pieces and move forward from this devastating blow?
2 answers
Valentino
Wed May 22 2024
Evan Luthra, a renowned app developer, entrepreneur, and angel investor, revealed a startling loss in the crypto world. He confessed to CNBC that he suffered a $2 million loss due to the collapse of FTX. This admission underscores the volatile nature of the cryptocurrency market and the risks involved in investing in it.
KimchiQueenCharmingKiss
Tue May 21 2024
The realization that he would not have access to his invested funds for several years came as a harsh reality.