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This looks like another Mt. Gox situation, so it's likely things will be better in the long run after the dust settles. But I'm not so sure, especially when governments are now seeing crypto as a threat to the existence of Fiat (something they didn't think about when crypto was in its early years).
The biggest problem is the trust issue with the new investors. When you see big exchanges getting shut down this easily and that too with a valuation of $50 billion when a bunch of kids played with the money they raised, it is not a great example. The biggest issue we might be facing is the strict regulations every government will be planning to implement after the fall of FTX, privacy will be a dream.