Drei Jahre nach dem Zusammenbruch von FTX warten die Gläubiger darauf, dass die Branche wieder Vertrauen aufbaut

there can’t be no trust, is the wild west out there

tldr; Three years after FTX’s collapse in November 2022, the crypto industry continues to rebuild trust through transparency initiatives like proof-of-reserves and audits. Despite these efforts, many reforms remain incomplete, and some creditors have not been fully repaid. FTX has distributed $7.1 billion to creditors in three rounds, with further repayments expected. However, repayments in USD rather than crypto have limited recovery rates due to market rebounds. Former CEO Sam Bankman-Fried is serving a 25-year sentence for fraud, while the industry adapts with stronger governance and self-custody measures.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.