The Collapse of FTX | 24 hours later
Bankless
00:00
Reflections on the FTX Collapse
This chapter explores the profound impact of the FTX collapse on the cryptocurrency community, discussing emotional responses from investors and the challenges in distinguishing decentralized finance (DeFi) from centralized finance (CeFi). The speakers reflect on past lessons, express frustration over the industry's repeated crises, and emphasize the need for increased caution among participants. Additionally, they discuss transparency issues in the dealings between exchanges, highlighting the skepticism surrounding leadership motives in the wake of significant failures.
Play episode from 13:31
Transcript
