Vitalik Buterin – FTX
FTX is an Exchange headquartered in the Bahamas (an option motivated by U.S. regulations), which was run by a person with many political ties. That is what ended up breaking it and creating millions of dollars in losses.
¡self-custody!
Buterin claims that the cryptocurrency world does not fail, but "a part of it" that we do not generalize with these cases. It is difficult to take care of cryptocurrencies, a novice does not know well where they could be safer, so Buterin says that the first step should be self-custody, take care of those 12 sentences, know where to keep them and do not doubt that, if we enter to steal home, burn it, or lose that information, we lose everything.
I think we should learn from this, it is not free what [Bankman-Fied, the CEO of FTX] did, it turns out that he will not be able to be quiet, nor operate as a team, that distrust will be noticed and will give the light at some point, but as Vitalik says, the crypto world did not fail, but a part, the part that is almost always in life, individualism.
Do we think about where this is taking us? We must be united and learn from this, know that these possibilities exist until there is no other alternative of self-custody. We know that at any moment this can disappear by orders from above? we always have this fear?
Conclusion
The best thing for everyone is not to forget what happened, and move forward, I am sorry for all that the user lost in this irregularity of FTX, or any member of his staff. Still don't forget and move forward, the crypto world is the future, let's not forget it.
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