Whereas it’s plain that firms have been considerably affected by the FTX debacle, retail traders like Jaime Zulueta – who just lately simply acquired married – additionally bore the burden of trusting a buying and selling platform that ended up collapsing to oblivion.
Talking to Cointelegraph, Zulueta advised the story of how he and his spouse handled the problem of dropping a few of their investments proper after their wedding ceremony. In line with the crypto investor, he first discovered in regards to the alternate as a result of it was well-liked in Taiwan, his companion’s dwelling nation. “Previous to utilizing the platform I additionally learn the quite a few media articles on FTX and its founder Sam Bankman-Fried,” he added.
When requested about how they felt once they discovered in regards to the collapse of FTX, Zulueta stated that he was “saddened and shocked” as a result of a few of their private funds have been on the alternate. Zulueta’s companion, who selected to stay nameless, was additionally devastated by the information. The crypto investor defined:
“She was equally shocked and saddened. We couldn’t sleep correctly for a number of days.”
In line with Zulueta, they have been shocked got here as a result of he knew that the alternate was supposedly additionally working with regulators in america to forestall this kind of occasion from taking place. He stated that he felt unhappy as a result of his private funds have been on the alternate and “shocked due to the theft that the founder and administration crew had dedicated.”
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When requested in the event that they nonetheless consider in crypto after the incident, the crypto dealer expressed his unshaken confidence within the area. He defined that:
“I nonetheless consider in crypto. The issue that occurred is a human downside. Greed can’t be regulated. So long as individuals are influenced to do evil – in any market, such issues will occur.”
Fortunately for the couple, they have been in a position to withdraw a portion of the funds earlier than the alternate fully paused withdrawals. In a Twitter thread, Zulueta additionally highlighted their response to the incident and the way they managed to climate the storm that got here simply as they began their journey as a married couple.
