Financial behemoths are working tirelessly to develop their own market framework for trading crypto assets. Their goal? to build a system that can avoid the mistakes made by its crypto-native competitors.
This week, the discredited exchange's own legal team claimed to have managed the complicated winding up and informed a Delaware bankruptcy court that the company had recovered $7.3 billion in customer assets from the "dumpster fire."
Finance behemoths devised strategies to enter the market as FTX began to fall apart around the end of last year. The actions come amid legal proceedings against FTX's crypto-native rivals Binance and Coinbase for allegedly breaking securities laws.
