Too Big to Fail: Lessons from the Latest Crypto Saga

Written by ebukaukatu | Published 2022/11/15
Tech Story Tags: cryptocurrency | blockchain | crypto | blockchain-technology | cryptocurrency-top-story | cryptocurrency-investment | crypto-trading | risk-assessment

TLDRDifferent events have occurred in crypto that left retail investors at the mercy of the market. In Web3, due to decentralization mantra, many depositors are left at the hands of bad actors driven by greed. Law enforcement did nothing for those who staked in the anchor protocol, and Do Kwon, a co-founder of Terraform labs, is still free free to do so. The FTX saga is an example of what could go wrong with any significant entity regardless of the size and how negatively their fall could impact their fall.via the TL;DR App

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Written by ebukaukatu | Crypto & Blockchain content writer in love with emerging technology and finance.
Published by HackerNoon on 2022/11/15