Learnings from the FTX Saga: How Wanda's Tech Could Have Helped 🛡️

Transparency, Decentralization, and User Control — The Wanda Way

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📰 Our Analysis on Medium

In November 2022, when FTX collapsed and shook the entire crypto industry, we published our expert analysis on what went wrong — and how Wanda Exchange's technology is designed to prevent such disasters.

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💥 What Happened with FTX?

The FTX collapse was one of the biggest disasters in crypto history:

🔴 $10 billion in customer funds transferred to Alameda Research

🔴 Lack of transparency about company finances

🔴 No proof of reserves for customer assets

🔴 Millions of users unable to withdraw their funds

🔴 Sam Bankman-Fried convicted of fraud (25 years in prison)

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🔑 The Root Cause

"One of the root causes of the FTX collapse was the lack of transparency that caused the huge fiasco with user funds within the company and its subsidiaries."

At Wanda Exchange, what we say is what we mean — and our technology reflects that commitment.

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🛡️ How Wanda Exchange is Different

Wanda Exchange LT

Our rebranded European platform follows decentralization and customer-first policy to the core.

Our Innovative Voucher System

Unlike traditional exchanges, our business model is accessible and risk-free for users:

✅ Proof-of-Payment — Every step documented

✅ Proof-of-Assets — Users always have verification

✅ User Control — You're in control of your funds at every step

✅ Regulated Partners — Well-built relationships across Europe

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🎫 How Our System Works

Buying Crypto (On-Ramp):

1. Create account on Wanda Exchange
2. Provide basic verification
3. Purchase voucher with cash
4. Redeem voucher for crypto
5. You have proof at every step!

Selling Crypto (Off-Ramp):

1. Transfer crypto to Wanda Exchange
2. Receive QR code / voucher
3. Collect cash from partner location
4. Full documentation throughout!

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🌍 Truly Decentralized

Our infrastructure across Europe enables:

🔹 Regulated operations — Full compliance

🔹 Decentralized manner — No single point of failure

🔹 Partner network — Trusted merchants across Europe

🔹 User control — Your funds, your control

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🎯 Our Mission

"At Wanda Exchange staying on top of user security is our key priority. The company aims to emerge as the leading crypto/cash exchange in Europe and all through the world."

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🤝 Join Us!

We are always open to:

✅ Business collaborations

✅ New merchant partnerships

✅ Building the future of transparent crypto exchange

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📖 Read the Full Article

Discover our complete analysis on Medium:

👉 Read on Medium

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Your security is our priority!

The Wanda Exchange Team

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🔗 Start trading safely: wanda.exchange