FTX Token (FTT) Demise Doesn’t Bother Bitcoin (BTC)


by IndustryTrends November 25, 2022

No-Created-Token-as-collateral--Binance-Learns-from-FTX-Fall

FTX Token (FTT) recently fell victim to a hacking incident that devastated holders. Meanwhile, Bitcoin (BTC) continues to prove to the crypto market why it’s the top currency.

Leading crypto analysts claim that FTT’s collapse was caused by the platform’s lack of transparency, which isn’t a problem in the Bitcoin network. On top of that, Sam Bankman-Fried unlawfully and fraudulently used user funds to bet big on bad projects – he is a fraudster.

You don’t get that with new projects like The Hideaways.

 

Bitcoin Triumphs Despite FTX Collapse

Top crypto analysts believe that Bitcoin’s (BTC) price will soar in the future, despite the protracted bear market. They insisted that the coin was a much better investment than gold and predicted it would eventually soar to $1,000,000.

In October, analysts reiterated their projections, asserting that if BTC matched the market cap of the yellow metal, it might reach $500,000 in the ensuing ten years.

As of writing, BTC is trading at $16,773.67 with a 24-hour trading volume of $29 billion and a market cap of $322 billion.

The FTX platform’s death doesn’t seem to bother the golden crypto, proving once again why it’s the best coin to invest in.

 

Hacking Incident Leaves FTT In A Ditch

In the hours following its bankruptcy filing, hundreds of millions of dollars were siphoned off from the crypto exchange, worsening the collapse of FTX.

The incident was declared one of the most catastrophic financial disasters in recorded history, plummeting the token’s price to $1.39.

From FTX’s cryptocurrency wallets, almost $600 million was stolen. Soon after, FTX announced on its official Telegram channel that the network was hacked, advising users not to install any new updates and to remove all FTX apps.

Many owners of FTX wallets reported that the balances in their FTX.com and FTX US wallets were $0. FTT holders transfer their money to more secure wallets to avoid further financial losses.

FTT prices decline daily, so you’re better off betting on successful projects like The Hideaways.

 

Switch To The Hideaways For Better Investment

Hideaways For Better Investment

The Hideaways (HDWY) lets anyone purchase NFTs backed by luxurious residences worldwide. Holders of HDWY are eligible to invest in the $230 trillion real estate market.

The Hideaways offers long-term investors a reliable alternative because its liquidity is locked up for 999 years. The team locked its team tokens for two years. Therefore, HDWY holders can be sure that the developers are committed to this project.

SolidProof, a recognized crypto security assessment company, looked into The Hideaways and found it to perform best.

By acquiring one of HDWY’s NFTs, you can generate a passive income of at least 20% annually.

Users can benefit from the lucrative market and secure risky investments with tangible assets with a history of appreciating value by using HDWY tokens.

Shift the trajectory of your investment and double your ROI by joining The Hideaways.

Website: https://www.thehideaways.io/

Presale: https://ticket.thehideaways.io/register

Telegram: https://t.me/thehideawayscrypto

Twitter: https://twitter.com/hdwycrypto

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