The FTX disaster is basically a textbook case on why you should never mix customer funds with your own operations unless you’re running a hedge fund (and even then it’s risky). If you’re thinking about starting a crypto trading service or something similar, take notes!
One major takeaway? Transparency is key! New exchanges need to have solid systems in place for risk management and customer asset segregation — otherwise they might find themselves going down the same road as FTX.
As for the actual impact of this $16 billion payback? Don’t hold your breath waiting for prices to skyrocket overnight. Most likely we’ll see a slow trickle back into the market over time — which means new exchanges better be ready for whatever wild ride investor sentiment decides to take next!
In conclusion: The approval of FTX’s reorganization plan isn’t just another footnote in crypto history; it’s setting some serious precedents about how exchanges should operate (and prepare!) going forward.#FTXrepayment