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 ?
I think that the very nature of cryptocurrencies (they exist on the internet) make it a valuable target for scammers due to its immense price in the market. Even if famous exchanges have their security running, they are always a target of scams and malware from hackers.
Now that there are various data about the reputation of exchanges being hacked, the only way to protect yourself is to be proactive. Take all the necessary steps in order to safeguard your cryptocurrencies in your local wallet in an exchange. For example, instead of keeping your BTCs inside an exchange, transfer them into an external storage/wallet for extra layer of security.