…some in the industry fear the attitudes that created the conditions for the rapid growth and dramatic collapse of Celsius and FTX are still prevalent and that the industry remains vulnerable to influential individuals who are able to portray themselves as revolutionaries and pioneers.
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The crypto industry “has an enormous attack vector for intelligent sociopaths,” says Travis Kling, cofounder of hedge fund Ikigai Asset Management.
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Others have been left with an uncomfortable sense that crypto has not yet managed to clear its decks of bad actors and that, should another hype cycle arrive, the conditions that bred the likes of Celsius and FTX could recur. In short, that lessons have not necessarily been learned.
Via Wired
Flying Upside Down 