FTX Bankruptcy Doesn't Compete Crypto Community Optimism Against Cryptocurrencies

Bankruptcy FTX harms crypto investors. (Photo; Doc. Newsmax)

JAKARTA - Despite facing major challenges after the collapse of the FTX exchange, cryptocurrency users remain optimistic about the future of this industry.

In the latest documentary "The Collapse of FTX: Insiders Tell All" which premiered today on CNBC.com, exploring the factors contributing to the rise of FTX, the cause of the company's collapse, and the impact of the bankruptcy on FTX customers and investors.

Film yang ditayangkan baru-baru ini menampilkan cerita inspiratif mereka dan mengapa mereka masih memiliki kepercayaan kuat terhadap mata uang kripto, bahkan setelah mengalami kerugian yang signifikan.

Evan Luthra, an app developer, entrepreneur, and investor angel. He admitted to losing $2 million in FTX's collapse. Despite realizing that the money may not be accessible for a long time due to the bankruptcy of FTX, Luthra still views the bullish cryptocurrency. He believes the main reason for using and investing in Bitcoin remains relevant, even when the price of Bitcoin falls from its all-time high price.

Other FTX users, such as Jake Thacker from Portland, Oregon, also shared about the huge loss he suffered. Even though he faces serious financial difficulties, he still encourages people to invest in crypto while giving warnings based on the losses he has suffered.

Then there is Sunil Kavuri, a figure who has a background in traditional finance, initially seeing FTX as a safe place to store his digital assets because of the support of large companies such as Sequoia and Paradigma. Even though he hasn't bought cryptocurrencies since the bankruptcy of FTX, he still believes in the potential cryptocurrency market and is actively fighting for the rights of affected FTX users.

Although FTX users are still optimistic about the crypto future, their struggle to get compensation from the company owned by Sam Bankman-Fried is still ongoing. Previously, FTX lawyers announced a recovery of around 7.3 billion US dollars (Rp113 trillion) in cash and crypto assets was disbursed at a bankruptcy hearing in April 2022, but to date no customer has reported receiving compensation for their lost funds.

Sam Bankman-Fried, the former CEO of FTX who is facing criminal charges, has pleaded not guilty to the allegations. The selection of judges will begin, and the results could have a major impact on the fate of FTX customers and the overall crypto industry.

Cryptocurrencies continue to advance despite the challenges of this industry. Figures like Brett Harrison, former FTX business president in the United States, and Anthony Scaramucci, founder of SkyBridge Capital, still hold strong confidence in crypto potentials. This shows that the spirit of innovation in the crypto world remains alive and developing.