Ben Armstrong said that people should forget their money on the FTX exchange because no one will purchase this exchange.
FTX exchange is a popular crypto exchange and in the last couple of days, this exchange grabbed negative PR because of the Binance vs FTX controversy over FTX token (FTT) token sales. At this moment, FTX is facing a low fund liquidity issue on its platform because of the mismanagement of users’ funds.
On 10 November, Ben Armstrong, a crypto YouTuber, informed his followers that he will not talk with sweet words because FTX users are really under a problem and in near future, they can’t withdraw their funds soon.
“I’m sorry to @FTX_Official users. I cannot sugarcoat the situation: your money is stuck and you won’t be getting it back soon.”
Armstrong also said that no one will acquire the FTX exchange, no matter how many companies are planning to help or acquire it because there are many lawsuits & crimes in the record of FTX book history.
Crypto investors moving toward decentralised wallet
This situation created a very bad vibe among the crypto Investors and now everyone is looking to go with Decentralised wallets, exchanges & hardware wallets, to remain from any kind of future hurdles.
Besides all this panic, Tron founder Justin Sun is working to solve this situation. Justin confirmed that Trading of TRX, a native token of the Tron blockchain, has been started, and also he is working forward to solve this situation for all the FTX users.
Read also: FTX liquidity crunch could certainly potentially be very bad, Says Cardano Founder
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