FTX's risk management and corporate governance reforms in cryptocurrency exchanges after FTX collapse: lessons from collapse and the way forward
Source: CoinWorld
Time: 2025-09-13 17:37:37
FTX’s 2022 collapse exposed its serious governance flaws, including $8 billion in hidden losses, misuse of customer funds by sister company Alameda Research and a lack of risk control. The crisis triggered liquidity tightening and led to the 25-year prison sentence of founder Sam Bankman-Fried, highlighting the urgent need for transparency, independent audits and global regulatory standards on cryptocurrency exchanges.