Sam just filed for bankruptcy and he has stepped down as CEO. This is hard on him, after being part of billionaires list, he's got his own wealth out of it to $0 so fast, within less than a week.
News:
Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcyWhat is happening right now with Alameda and FTX is for the greater good, now people will take dex more serious than before, also Ledger and other hardware wallet companies will sell so much in coming months, it's time that people will take hardware wallets very seriously.
Big crypto exchanges will have to always show proof of reserves before they can run in some countries like the USA.
It's all well and good.
That will happen for sure. People will not keep away their balances off exchanges and will start to look where they can really have it securedly. And that's through hardware wallets and for those that can't afford it yet will just have to keep it on their desktop wallets.