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 ?
After various occurrences this year in cryptocurrency luna crashing and FTX to some extent, people's eyes were opened even with the security of your asset on an exchange, looking at the top of bitcointalk news you will see that it was a clear warning about not keeping your money in an online account is very risky but despite the warnings, people will not change but the issue of FTX served as a lesson to everyone who keeps their money on an exchange because your assets are in their custody.
Now the issue is currently hot which it did really make out some results on making the community would really be put up on extreme fear,anxiety and hesitance.This is why it is really that hard on pumping out the
market.We cant really deny that people are observing now which there might be even more similar scenarios or events and some are really just waiting for the right opportunity to buy on possible bottom.
The way you could really make yourself avoid with these scams and frauds is that you should really be that confident for whatever things that you do have in mind.
Corrupt and other things in related is not something new on this market.So better prepare yourself anytime.