No Greater Pain Than This: Some FTX employees were paid with the FTT token and had their life savings on FTX

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No Greater Pain That This: Some FTX employees were paid with the FTT token and had their on FTX.

Honestly, this FTX collapse and filing for bankruptcy have been really hard on their customers, and the entire crypto market because the crypto market tanked like never before when a lot of people out of fear, uncertainty, and doubt in FTX and the crypto market dumped FTX native token FTT like crazy that the price dropped from about $29 to around $2 the first day but as of a few days ago it dumped to $1 plus and right now it is trading at $1.25 which is a few micro cents from its all-time low at $1.15 on September 6th, 2019.

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I feel for everyone that is been affected by losing to the market, not because of your fault or a bad trade but because you trusted a platform that turns out to be incompetent, I can relate because something similar has happened to me before but mine was not a popular crypto exchange but a crypto trading firm or platform that trades for people, make profit for you then take their cut or fee and pay you your money and your profit, but they later disappeared with my money and other customers money. They might have not filed for bankruptcy but the pain is the same because we all lot access to our money or funds.

FTX employees are having a triple bad 2 weeks because as crypto traders and investors they were affected by the crypto crashing down hard, as FTX employees since after the company filed for bankruptcy they might not have a job to go back to or fall back on for money and the worst part is some FTX employees were being paid with the FTT token that is almost zero now.

The news reports I just read stated that some FTX employees were not only paid with the company's native token FTT but also many of the employees kept their life savings in FTX as a form of loyalty but that loyalty has ruined them financially if they don't have any backup or backup plan. So, many of the employees were rekt by the collapse. FTX's collapse and bankruptcy have caused unimaginable pain to its customers, employees, and the entire crypto market, and honestly, nobody knows if the money will ever be repaid.

THANKS GUYS FOR READING MY POST.

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4 comments
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This is typical. As I said, Wall Street and big business all over again.

In the Enron situation, employees had to invest their retirement into Enron stock. That was all that was allowed. When it tanked, those people lost everything.

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This act is totally unfair to the employees. I feel for them, losing everything is not easy.

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