After going through all these announcement. I'm starting to doubt myself, do I understand FTX or do TFX familiar with crypto space mechanisms and the effects? Why would you even jump into crypto world? Do you even know the differences between stable coin vs cryptocurrencies? Lets not look at USDT. Take USDC as a reference. Today if USDC went down, they have every dollar backed up. Now tell me, what stable coin in FTX stands? And please don't tell us that you don't expect people dumping at 0.0001. And please please don't take bitcoin as your example. Bitcoin have max supply of 21M. Tesla have technology and collab. So.... would be appreciated if anyone can answer. TIA

#11: -  

Indication of SCRAMS:

1. Fixed return (scram)
2. Unregulated or offshore regulated brokers (potential Scram)
3. Lucrative upfront commission (scram)
4. Without Live report / statement access
5. Fixed exchange rate for deposit & withdrawal (scram)
6. Cash payment or local deposit (scram) unless through local payment gateway
7. Lock up period (potential Scram)
8. Hold good licence but fund being transferred to different country or offshore
9. High monthly return with illogical low drawdown
10. Capital guaranteed
11. Fixed payout schedule or cycle

Any companies matched at least 2 of the above indications, it is a potential Scram. If matched 3 of the above indications, then it is definitely a Scram.