A lot of bad incidences happened in crypto community this year including:
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 ?
Let's face it, before the drop from 65k Bitcoin looked like the ultimate get rich quick scheme - everyone saw it storming up day after day, month after month, for several years. It was hard to go wrong and these schemes draw in all sorts of shysters and conmen. They had all the evidence they needed, in the form of a graph that trended up for a long time, to convince people that it made a great investment and they were able to skim off a commission in various stages. Obviously it's only when the bubble bursts that we see a vast swathes of people who really had no clue what they were buying and simply got swept up in the hype, unfortunately the greed that drove them in the first place means they will likely find it hard to cut their losses and run on the way down too.