Quote from: jossiel on November 21, 2022, 10:40:40 PM

Quote from: krishnaverma on November 21, 2022, 01:24:38 PM

A lot of bad incidences happened in crypto community this year including:

1) FTX
2) Luna
3) Gemini Earn
4) Celcius
5) Voyager
6)BlockFi

All these incidences happened because of the greed of some people. It is important to control the entry of these kind of people as developers or people behind some new crypto projects. Otherwise people will have very less trust left on crypto in general and people will move to other alternatives. What do you think are the required steps to prevent these incidences from occurring in future ? Or are these unavoidable ?

The fact that crypto is for everyone, it means that anyone can be their own developer. We can't control people like them to get in or out from the market.

What we must do is to equip ourselves with basic knowledge and understanding about the possible red flags that one can be seen as a CEO or owner of any project.

We don't know when a project will turn the other way because of the poor management and attitude of its CEO.

True. As crypto investors, we can not do anything , if corrupt practices are going on in any project behind the scene because it the job of relevant authorities to monitor it & take necessary actions to stop it then and there , but what we can do is to be more vigilant and keep getting updates about the project we have invested in & take exit if some red flags are seen to avoid total loss of our capital.