Irrespective of the analytical lens you choose, you might feel that the recent FTX debacle’s impact is heavier than other unfortunate past incidents, especially because it happened when the market was going through a bearish time.
Even though it has a smaller financial impact than those of the Mt.Gox exchange, the DAO hack, and the implosion of Terra, which fell into ruins in the industry’s history. The way how FTX misused its users’ funds and lied when provoked could lead to an uncomfortable effect on investors who are already cautious because of their security and stability concerns.
Undoubtedly, cryptocurrency exchanges are the third vital part of the industry, as it acts as a guarantor between cryptos sellers and buyers; they must possess impregnable security protocols. The recent series of FTX collapse, abrupt liquidations, and exchange hacks probably prompts a set of actions that all crypto elite must carry out to retain their communities’ confidence and funds.
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We współpracy z: https://bitcoinist.com/binance-ceo-suggests-6-principles-to-precent-ftx-fiasco/
