The lessons learned from FTX will likely be key talking points at this year’s World Economic Forum (WEF) meeting in Davos, Switzerland. The exchange’s Debtors have finalized plans to repay creditors after it collapsed in 2022.

Even as FTX’s former CEO Sam Bankman-Fried awaits his sentencing trial after being convicted on eight counts of fraud, the elite of the financial world gathers in Davos, Switzerland. The conference’s theme is “rebuilding trust,” which is what the crypto industry is arguably trying to do. 

FTT Surges After Bitcoin ETF Approvals

Around 75% of Americans have little to no trust in crypto. The collapse of FTX, piecemeal financial reporting in media, and exclusive jargon have alienated the American public. High-profile crypto court proceedings, including the trial of Bankman-Fried and the charging of former Binance CEO Changpeng Zhao, were among the many events that shattered trust in the industry. 

Coinbase CFO Alesia Haas, who is attending the Davos conference, said the confluence of finance leaders is good for crypto. Its a chance to push regulation forward, she says.

“I’m really excited about is Davos would really help us with our grow-broad and grow-deep international strategy. There’s many global leaders here. There’s an opportunity to talk about crypto regulation.There’s an opportunity to talk about how crypto will really benefit their users.”

Read more: FTX Collapse Explained: How Sam Bankman-Fried’s Empire Fell

The failure of the Terra Luna ecosystem started off the crypto winter in earnest. Prices began rising after several investment firms filed papers to launch a Bitcoin exchang

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Author: David Thomas

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