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Unbelievable! FTX victims are setting up GoFundMe fundraisers to try to get their money back
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Unbelievable! FTX victims are setting up GoFundMe fundraisers to try to get their money back

FTX victims are setting up GoFundMe fundraisers to try to get their money back: ‘It’s $10,000 completely gone’

People who say they have lost money in the collapse of crypto exchange FTX are turning to strangers to cover their losses by setting up GoFundMe fundraising pages.

They include a man who says that he lost the money he was saving up to surprise his girlfriend with her “dream” engagement ring. Now, “like many others my app is frozen and all the funds are gone,” he says on his fundraiser page, which aims to collect $10,000 ...

https://www.marketwatch.com/story/ftx-victims-are-setting-up-gofundme-fundraisers-to-try-to-get-their-money-back-its-10-000-completely-gone-11668715451/

Comments

  • It's an interesting idea.

  • Interesting story) Idiots will be idiots.

    Thanked by 2netomx jazzii
  • @mikei said:
    Interesting story) Idiots will be idiots.

    They deserve it :p

  • That's our society today. Just weird. People are responsible for what they do.

  • well imagine, you go to sleep rich an wake up poor... how can you live like that... you need somehow money and ppl who got rich with crypto they dont know how to survive in the jungle, like normal workers

  • It's super easy, don't have your crypto in an exchange so the crypto is yours 100%

  • jbilohjbiloh Administrator

    This shows that many of the unfortunate people who stored their crypto at ftx really had no idea that they were gambling/greed. The whole covid inspired "to the moon" investor class thought losses never happen. The market is giving them a hard lesson now.

  • The value of a currency is determined by the real assets those who hold it have to offer.

    The dollar is backed by US influence over crude oil producers.

    Crypto is backed by nothing, except ignorant fools who don't realize that the so called "markets" and "investments" are the means by which financiers fleece them.

    Not so long ago Elon Musk invested in crypto, do people think he did so because he believed in it, or he just wanted a whole lot of suckers to put their money in to boost his "investment"?

  • @k9banger02, do you mean there is no free easy money? and that it's not possible to become billionaire by just sitting on a chair and waiting?! Heretic!

    Thanked by 2k9banger02 mikei
  • i didn't remember they helped anyone when they were reaping the hype

  • raindog308raindog308 Administrator

    Why stop there? There's trillions in stock market losses since the 1800s to be recouped through the generosity of strangers.

    Thanked by 3drizbo Tony40 Pwner
  • i remember the first time i saw someone begging for money on the internet. now it's just standard, what the actual fuck.

  • Better invest in NFT ...

  • jarjar Member, Patron Provider

    Didn't even know what FTX was until like a week ago but a little empathy goes a long way. Everyone has their own struggles.

    Thanked by 1Daniel15
  • Banks spend millions each year advertising how your money is secure with them due to insurance and what not...

    Are these exchanges making false promises or people just assuming their money is protected?

  • Lot of these people were warned by others who said not to trust companies like FTX and other brokerages that weren't actually insured FDIC or SIPC, therefore not being legitimate banks.

    But many of these people were busy buying into the absurd hype of "LOL BTC is going to get to 100K!" without understanding that crypto has no value other than what people are willing to pay for it, unlike the stock market which relies on a company's performance or their outlook to determine what direction and long term stability the stock will have.

    Additionally, wouldn't the government insuring or getting involved in the crypto brokerages defeat the entire purpose of these currencies? They played with the risk, this is unfortunately the "reward" that comes with taking such risk.

  • SteveMCSteveMC Member
    edited November 2022

    @Pwner said: crypto has no value other than what people are willing to pay for it

    Same thing for gTLD. Passing around "premium" domain names, which never go live... I'm looking forward to the Metaverse real estate crisis...

  • @zed said:
    i remember the first time i saw someone begging for money on the internet. now it's just standard, what the actual fuck.

    That's the Murican way of life - land of the freak, home of the beggar. Don't feel like livin' the socialist life? Buy insulin / pay university / deliver a baby, setup a GoFundMe. :D

  • jbilohjbiloh Administrator

    @raindog308 said:
    Why stop there? There's trillions in stock market losses since the 1800s to be recouped through the generosity of strangers.

    Bingo!

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