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.I am no fan of crypto myself, but it's interesting to think what would have to happen for crypto to burnish its image.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.