Svmuu News: OKX founder Star reposted a post in which Wei, the former CFO of Binance, discussed how the crypto market remains in a bear market, noting that trust is the foundation of every financial market, and once trust is damaged, rebuilding it takes years, not days.
Star said that the events of October 11 serve as yet another reminder to the industry that accountability, transparency, and sound risk management are crucial for protecting users and maintaining the industry’s long-term health.He believes that prioritizing a company’s short-term interests over users, governance, and market integrity will ultimately harm all participants, including the companies themselves, and stated that “the crypto industry deserves a better future.”