It's a stark reminder of the dangers of unchecked power and the need for personal responsibility, especially in the largely unregulated crypto space. While I feel for those who lost out because of FTX's collapse, it's also a lesson in the importance of due diligence and skepticism towards financial 'wunderkinds.' Ultimately, this should serve as a call to action for minimal but effective regulation to prevent fraud while still respecting the freedom and innovation that define the crypto world.
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