FTX’s Surplus: What It Means for Crypto Companies and Fintechs
Sam Bankman-Fried’s unexpected claims about FTX’s asset surplus are throwing everything into question. Apparently $8 billion isn’t dead. But there’s a catch. Some of this could have been avoided with better management and governance of the funds. And that’s a hit to decentralized organizations, not just FTX.
What Can Decentralized Organizations Learn?
The need for transparency in decentralized organizations is more crucial than ever. The FTX saga sheds light on the importance of having clear financial practices and accurate records. This is essential not just for building trust, but also for potentially avoiding the fate that FTX has found itself in.
The FTX case shows us that governance is key. Proper governance helps avoid…
