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former FTX usersCoinGape
•Business
Business & Economics
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 .
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