will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?
But I'm sure FTX will be able to get through these difficult times. It's a great exchange, they will find investors who will pump the FTX price. They're hacked. Not committing fraud against investors, so that trust in the team is still well established even though people are already hesitant to use the exchange. Exchange hacking is nothing new. This has also been experienced by other exchanges, of course the exchange owner will find a solution in this case as was done by the previous exchanges.
How will they get over it? they have deceived customers by illegally using client funds and causing serious deficit of the exchange's budget. Their hack happened right after the exchange stopped withdrawing funds for investors and I believe the mastermind is none other than SBF. FTX has a budget deficit of up to 8 billion dollars, I think no one is brave enough to give money to SBF again, binance is the only hope but they flatly refused. If FTX can pass, I believe that no one will dare to use it anymore, trust cannot be bought, once trust is lost, there is no way to restore it.