The Fall of FTX & What it means for Crypto
Hey! It’s Alexander from Limitless Insights. Back with part 2, where I’ll be discussing my thoughts after sustaining some losses from FTX as well as the impact this event can have on the whole crypto space.
Check out Part 1 first if you’re interested to know what happened to FTX and how the Twitter War played out : here.
My Experience with FTX
Let me first begin with how I got involved with FTX. Prior to recent events, I’ve never had any issues with FTX, withdrawals were processed quickly, if anything the customer service I received was better than other CEXs I’ve used.
I remember the time that I deposited CRO from my Metamask wallet, and was wondering why my deposit wasn’t received. So I sent a ticket to pursue the case, that was when I found out that they did not accept the CRO tokens in ERC-20 or in this case CRC-20, however after politely informing me about this caveat, they proceeded to credit me my deposit regardless. Whereas in many other CEXs, they usually stop at the point of informing of my mistake.
