Are We Going to Win Our Leverage in Crypto?

I'm also curious your thoughts around leverage in the space, right? I've been obviously connected to what went on with FTX. Have people learned the lesson or is it just like, are we just going to see the cycle play out over and over and over? It feels like there's a few big bads, right? One of them is the getting hacked, right? The other is the ICO speculative mania for like the shitcoinery that's not going to amount too much. That's the other way to lose your money.