FTX Collapse Affects Crypto Trust
This is a news story, published by CoinGape, that relates primarily to Andrea Soto Reig news.
Andrea Soto Reig news
For more Andrea Soto Reig news, you can click here:
more Andrea Soto Reig newscrypto trading & speculation news
For more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
bankrupt cryptocurrency exchange FTX fear. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Best Crypto Media Company news, crypto exchanges news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
former FTX usersCoinGape
•Business
Business & Economics
FTX didn’t kill trust in CEXs, but it changed the way trust needs to be earned
58% Informative
FTX 's downfall wiped out roughly $11 billion in user funds and has fundamentally reshaped trust in centralized exchanges (CEXs) Bitunix Marketing Head Andrea Soto Reig explains how they’re rebuilding user confidence and trust in their platform Post-FTX World .
FTX didn’t kill trust in CEXs, but it changed the way trust needs to be earned.
Around 460,000 former FTX users are awaiting their repayments from the collapsed exchange.
Under the approved Chapter 11 bankruptcy plan, FTX has initiated its creditor repayment process in February .
The cumulative amount is as high as $13 billion in reimbursements.
The next repayment tranche for claims over $50,000 is scheduled to begin on May 30, 2025 .
VR Score
48
Informative language
45
Neutral language
36
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links