Have People Finally Moved On From Centralized Exchanges?

The demise of the FTX empire which transpired over the course of ten consecutive days in November of 2022, came as a tsunami for the broader crypto market. On November 11, 2022, FTX submitted a petition for protection under Chapter 11 of the United States Bankruptcy Code, while Bankman-Fried the founder resigned. According to the documents filed by FTX in its bankruptcy case, the company, which was valued at $32 billion, has $8 billion in liabilities that it cannot pay to as many as 1 million creditors.