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 ?
No one is not greedy when it comes to dealing with large sums of money. After all, they are given the opportunity to control it in a centralized container and we still entrust the assets in it without ever thinking that every single incident will demand that other events be repeated. In the crypto world, you cannot trust anyone to secure assets other than yourself. Because of that greed is in each of us and will never disappear.
This phenomenon has occurred many times and we should have been aware of the risk since it entered a centralized container.