FTX faces potential hack, sees mysterious outflows totaling more than $600M
Regardless of whether you are pro- or anti- crypto, the collapse of FTX, SBF's bubble bursting in a rather extreme fashion, and now this hack are more nails in the coffin for mainstream support.<p>I am no fan of crypto myself, but it's interesting to think what would have to happen for crypto to burnish its image.<p>Would key people have to voluntarily form some sort of coordinating council and self-regulate? Would they have to invite governments to regulate them better? Whatever the solution is, I'd be highly surprised if it could be done algorithmically and reassure anyone.