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 ?
Greedy and wild people will not disappear, because greed is a part of every individual's lifestyle. The easy thing to do is to avoid falling victim to this scandal.
So no matter what bad things are happening this year 2022 in this industry, all we can do is double the caution and be smart with every coin or token we choose to buy to hold it long term or short term so as not to get stuck our possessions in any of the exchange platform whether it is centralized or decentralized, just simple as that.
We are also greedy people, so we cannot say that we should find a way to stop those greedy people. Greed is a part of being human, where there are people there is greed.
If OP can't stand the cruelty these altcoin projects bring, you still have the option to avoid all of this, invest in bitcoin and use a non-custodial wallet, you will avoid all these scams. In case you can't do it, you should prepare for the risks that you may encounter, don't ask the greedy to leave the market while we are also greedy.