As FTX 2.0 will go live without a team, technology, banking licenses and so on, its launch will be nothing but an"attack" on its community of creditors, Powell adds.
Veteran cryptocurrency trader who goes by @ThinkingUSD on Twitter shared similar thoughts with his 216,000 followers:I don't think traders are going to want to deposit their collateral at Madoff enterprises. Or switch their Wifi to Enron Wifi. FTX 2.0 is a hopeless dream at best, and malicious self promotion at worst by certain influencers who have failed at everything else in crypto.
At the same time, the largest traders of FTX 1.0 are optimistic about the potential spin-off launch. Top trader @HighStakesCap, who claims to be once #1 of FTX by PnL,that"everyone is hopeful" about FTX 2.0.At the same time, all of these speakers doubt the activities of liquidation committee since liquidators' compensation rates look too high for victims of the FTX collapse.
Some of them are yet to receive compensation for their losses on Cryptopia and Mt. Gox, now-defunct cryptocurrency services. FTX 2.0 is an initiative of a"committee," a group of former FTX creditors and its interim CEO John Ray III. Per some estimations, the new iteration of FTX might be launched as soon as this year.
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