.FTX_Official native token joins massive surge today
was the straw that broke the camel's back in a series of implosions that rocked the industry from last year to early January. The collapse of FTX fueled the narrative that centralized exchanges are unsafe for crypto investors, with the clamor for self-custody taking center stage.
Since John Ray III took over FTX from Sam Bankman-Fried, the focus of the trading platform has been well defined: to return as much of users' funds as you can andFTX is making a proactive move to regain the trust of its customers just in case it relaunches the platform as envisaged. One of the ways it can guarantee support is the refund of users' funds. Overall, the FTT token appears to be the visible beneficiary today, and it is up 37% in the past week.
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