by IndustryTrends November 25, 2022
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 is the top currency.
Leading crypto analysts claim that FTT’s collapse was caused by the platform’s lack of transparency, which is not a problem on the Bitcoin network. In addition, Sam Bankman-Fried used user funds illegitimately and fraudulently to bet on bad projects – he is a scammer.
You don’t get that with new projects like The Hideaways.
Bitcoin triumphs despite FTX collapse
Top crypto analysts believe that Bitcoin (BTC) price will rise in the future despite the ongoing bear market. They insisted the coin was a much better investment than gold and predicted it would eventually surge to $1,000,000.
In October, analysts reiterated their forecasts, claiming that if BTC reached the yellow metal’s market cap, it could reach $500,000 in the following decade.
As of this 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 death of the FTX platform doesn’t seem to bother the golden crypto, proving once again why it is the best coin to invest in.
Hacking incident leaves FTT in ditch
In the hours following the bankruptcy filing, hundreds of millions of dollars were siphoned off the crypto exchange, compounding FTX’s collapse.
The incident was declared one of the most disastrous financial disasters in recorded history, causing the token’s price to drop to $1.39.
Nearly $600 million was stolen from FTX cryptocurrency wallets. Shortly thereafter, FTX announced on its official Telegram channel that the network was hacked and advised users not to install new updates and remove all FTX apps.
Many FTX wallet owners reported that the balance in their FTX.com and FTX US wallets was $0. FTT holders transfer their funds to more secure wallets to avoid further financial loss.
FTT prices are falling daily, so you better bet on successful projects like The Hideaways.
Switch to the Hideaways for a better investment
The Hideaways (HDWY) enables anyone to buy NFTs backed by luxury residences worldwide. HDWY holders are eligible to invest in the $230 trillion real estate market.
The Hideaways offers long term investors a reliable alternative as its liquidity is tied up for 999 years. The team locked their team tokens for two years. Therefore, HDWY owners can rest assured that the developers are committed to this project.
SolidProof, a recognized crypto security assessment company, took a look at The Hideaways and found it to be the top performer.
By purchasing an NFT from HDWY, you can generate at least 20% passive income annually.
Users can profit from the lucrative market and secure risky investments with tangible assets with a history of appreciation by using HDWY tokens.
Change the direction of your investment and double your ROI by joining The Hideaways.
Pre sales: https://ticket.thehideaways.io/register
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