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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.
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Sequoia and SoftBank both got burned, and we retail investors have no safety net at all.
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Still bouncing back? Dream on, when liquidity is gone, who will play with you?
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That's why I now just want to laugh whenever I hear someone hyping up a project. No matter how big the reputation, it’s useless in the face of a run.
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Once a top project, now no one even mentions it... How ironic.
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The most ridiculous thing is that some people are still holding FTT. How strong must their faith be to hold on until now?
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Saviors in the circle have never existed; there are only bagholders and those who get bagged.
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I saw with my own eyes when FTX collapsed, 500,000 people crying. And now, FTT is still lying on the floor.
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No matter how strong the backing, it can't stop the phrase "the money is gone."
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Looking at this, I will never believe in industry benchmarks again. They are all just paper tigers.
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FTX this thing, is basically a lesson for everyone... nothing is eternal.
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Honestly, SBF's hype tactics that fooled so many big players are truly remarkable.
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The four words "liquidity exhaustion" are practically a death sentence in the crypto world.
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Savior? Wake up, brother, there are only people harvesting the leeks.
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320 billion to zero, how dark must that speed be...
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FTT is now just a hot potato, dare not touch it.
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No matter how big the brand, it can't withstand the word "scam," remember that.
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Some projects just fail and that's it, don't expect a rebound.
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Who dares to take over FTT now? Liquidity has dried up.
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That's why I don't trust anything now; even big institutions have failed.
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Once top endorsements are now just a joke. Remember that.
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Thinking back to those articles praising FTX... it's a bit ironic.
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Savior? There's none in the circle; in the end, it's either self-rescue or sinking.
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FTT's current state, really can't come back... what a pity.
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No matter how fancy the packaging, risks make it all pointless. This is a painful lesson.
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500,000 people lost their investments entirely... every time I think about it, I feel hopeless.
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Contract shutdown, liquidity gone, this token is just a shell.
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.
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.
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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FTT should have been wiped out long ago. If no one dares to buy the dip, why talk about a rebound?
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In simple terms, no matter how loud you boast, it's useless when risk comes.
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A valuation of 32 billion turning into a scam overnight, this circle is truly unbelievable.
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If liquidity is gone, don't expect major players to rescue it. The answer is clear from history.
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Every time it's top-tier endorsements, and yet it crashes again. When will they learn?
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Everyone wants to buy the dip, but in the end, they all become the little guys. Truly ironic.
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What does the FTT incident warn us? No matter how big the endorsement, it's unreliable.
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Why should coins that have lost trading vitality be able to rebound? Just hearing it sounds absurd.
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If it crashes, it crashes. Don't always think a savior will appear.
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.
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