Several crypto industry critics have questioned FTX CEO John Ray’s vision of returning to FTX, citing trust issues. and treating customers as “second class”, which are some of the reasons why users do not “Feels safe to go back”
Former FTX CEO Sam Bankman-Fried also tweeted on Jan. 20 praising John Ray returning to FTX, suggesting it was the best course of action for clients.
This came after John Ray told the Wall Street Journal on Jan. 19 that he was considering to revive FTX as part of his efforts to revitalize it for all users
Ray noted that even senior executives have been accused of criminal misconduct. But stakeholders have expressed interest in the possibility of the platform becoming open again.
Binance Australia CEO Leigh Travers believes it will be extremely difficult for FTX to get a license again. Especially as the industry moves into the new year with increased regulation. and supervision by strict regulators.
Travers also noted that Since shutting down, FTX users have migrated “to other platforms like Binance,” where he questioned whether those users would “Does it feel safe to use again?”
He also mentions the fact that The oversight and control of FTX questioned After news about some customers receiving “privileges” including “secretly hiding the back door” in order to use the customer’s money
“How can users feel comfortable going back to a platform that treats some customers like second-class citizens?”
Liam Hennessy, a digital asset lawyer at Australia’s Gadens law firm, thinks FTX will be “very difficult” to return due to its damaged reputation. and lack of trust It is unlikely that any customer or investor would want to return. “Close to them again.”
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