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Whereas it’s simple that firms have been considerably affected by the FTX debacle, retail traders like Jaime Zulueta – who just lately simply received married – additionally bore the burden of trusting a buying and selling platform that ended up collapsing to oblivion.
Chatting with Cointelegraph, Zulueta advised the story of how he and his spouse handled the problem of dropping a few of their investments proper after their marriage ceremony. In keeping with the crypto investor, he first came upon in regards to the alternate as a result of it was fashionable in Taiwan, his companion’s house 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 after they came upon in regards to the collapse of FTX, Zulueta mentioned 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 couple of days.”
In keeping 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 stop the sort of occasion from taking place. He mentioned 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 imagine in crypto after the incident, the crypto dealer expressed his unshaken confidence within the house. He defined that:
“I nonetheless imagine in crypto. The issue that occurred is a human drawback. 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 capable of withdraw a portion of the funds earlier than the alternate utterly 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.
