Newlyweds Lose their savings in a day on a crypto exchange
2022.12.08 10:20
Newlyweds Lose their savings in a day on a crypto exchange
Budrigannews.com – Retail investors like Jaime Zulueta, who just got married, shared the burden of trusting a trading platform that collapsed to oblivion, despite the fact that it is undeniable that the FTX disaster had a significant impact on businesses.
Addressing Cointelegraph, Zulueta recounted the tale of how he and his significant other managed the test of losing a portion of their ventures just after their wedding. The crypto investor claims that his partner’s home country of Taiwan was where he first heard about the exchange. I also read numerous media articles about FTX and its founder, Sam Bankman-Fried, before using the platform,” he added.
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Zulueta responded that he was “saddened and surprised” when they told him about the collapse of FTX because some of their personal funds were at the exchange. Zulueta’s accomplice, who decided to stay unknown, was additionally crushed by the news. The crypto investor gave an explanation:
“She was equally shocked and saddened. We could not sleep properly for a few days.”
Zulueta claims that the reason they were surprised was because he was aware that the exchange was allegedly collaborating with US regulators to prevent similar incidents. He stated that he was “shocked because of the theft that the founder and management team had committed” and that it made him sad that his personal funds were on the exchange.
The crypto trader expressed unwavering confidence in the industry when asked if they still believe in cryptocurrency after the incident. He elaborated on that:
“I still believe in crypto. The problem that happened is a human problem. Greed cannot be regulated. As long as people are influenced to do evil – in any market, such things will happen.”
Fortunately for the couple, they were able to withdraw some of the money before the exchange stopped all withdrawals completely. Zulueta also talked about how they dealt with the incident and how they were able to get through the storm that came just as they started their marriage.
