What measures can FTX take to prevent future collapses and regain investor trust?

3 answers

• May 01, 2022 · 3 years ago
  As an expert in the field, I believe FTX should focus on enhancing transparency and accountability. They can achieve this by regularly publishing audits of their financial statements and ensuring that their internal controls are robust. Additionally, FTX should actively communicate with their users and address any concerns promptly to regain investor trust. By being transparent and responsive, FTX can demonstrate their commitment to the security and stability of their platform.
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• May 01, 2022 · 3 years ago
  FTX needs to prioritize risk management and implement stricter measures to prevent future collapses. This includes conducting thorough due diligence on new listings, implementing stricter risk assessment procedures, and regularly reviewing and updating their risk management policies. By taking proactive steps to identify and mitigate potential risks, FTX can instill confidence in their investors and prevent future collapses.
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• May 01, 2022 · 3 years ago
  As a third-party observer, it is crucial for FTX to learn from past mistakes and take immediate action to prevent future collapses. They should invest in robust infrastructure and security systems to protect user funds and prevent any unauthorized access. FTX should also consider implementing a comprehensive insurance policy to provide additional protection for their users. By prioritizing security and taking proactive measures, FTX can regain investor trust and establish themselves as a reliable cryptocurrency exchange.
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