Ethereum Co-Founder Vitalik Buterin Says FTX Saga Offers Lessons for Crypto

From bnnbloomberg.ca

The collapse of FTX contains lessons for all of crypto, according to Ethereum co-founder Vitalik Buterin. Buterin emphasized the stability of crypto’s so-called underlying technology, the blockchain, while acknowledging the heavy impact of the meltdown of the Sam Bankman-Fried crypto empire. In the days since FTX filed for bankruptcy, entities ranging from BlockFi to Genesis to Gemini have been hit by the fallout. Despite the upheaval, Buterin said blockchain base layers and decentralized-finance protocols worked “flawlessly.” “What happened at FTX was of course a huge tragedy,” Buterin told Bloomberg. ... (full story)