What is the FTX Creditors Program?

[Jujuboy]

I had a friend who worked with FTX back then. He had all his assets on the platform, and when the crisis hit, he was heartbroken—almost fell into depression. Thankfully, he's back on his feet now.

So The FTX creditor program aims to reimburse individuals and organizations that had assets stored on the exchange.The process appears to be unfolding through several centralized exchanges (CEXs), potentially making it easier for affected users to receive their payouts. In my view, this is a significant win, as it provides a path for those impacted by FTX's collapse to recover at least some of their funds—especially given the complexity of the exchange's bankruptcy proceedings.

The real question now is: which new CEX can be trusted?

[TomPluz]

We don't trust any new CEX that easily all because the risks in CEX can be higher compared to that of DEX and although a lot of people still trust them we should be aware of what we are into. I am actually using DEX and CEX but I am not using them as a wallet not unless I am really about to exchange my digital assets into USDT or cash via P2P method. New platforms are usually still struggling and unless they are backed by more prestigious firms we should be wary all the time as they can easily fold and go dead anytime. I am happy that victims of FTX are now starting to see the light with the chance to get what they lost...or at least a part of it rather than getting nothing. And this can be because there are now buyers of FTX and they are willing to settle the problem with the users. Soon we can see FTX operated in another name to avoid the stigma and some of these operators will hopefully be successful in the market they are focusing on. Soon the industry can finally turn the page from the fiasco caused by Sam and his minions and just make FTX a history - or a nightmare not worth remembering.

[Crypto Library]

The real question now is: which new CEX can be trusted?

Things currently going on something like that it is better to not get anything.

But have you imagine your fund was stuck in a platform when bitcoin price was around 16k and right now the bitcoin price is over the 92k and they were paying just equivalent US Dollar amount of the 16k. Like if you were plan for holding bitcoin on that time to bull season I think there will not be any satisfaction even get the repayment. And what I said it would just be the it is better to have that repayment to not get nothing.

And in my opinion, I don't think the cex were really could be trusted and if it is for long term their is way to for trusting them.