The collapse of a major crypto exchange, has once again taken the world by storm. There is a lot of FUD being spread by mainstream media, making people believe this is the final chapter for crypto/Blockchain tech. Now, US lawmakers are pushing towards stricter regulations with the excuse of helping protect investors' interests. Other countries could follow the US, greatly stifling the growth of the industry. I'm beginning to wonder whenever the collapse of FTX would be good or bad for crypto in the long run? 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).

What are your thoughts? Your input will be greatly appreciated. Thank you very much.

The FTX incident taught almost everyone in the crypto world a valuable lesson, including:
(1) Not your key Not your coin
(2) Large investment institutions make bad financial decisions
(3) DD due diligence does not mean everything
(4) Everyone should have a cold wallet
(5) Don’t trust celebrity sales pitches
(6) Don’t put all your eggs in one basket
(7) Finance is actually synonymous with "leverage". The so-called wealth/financial stability are all on paper
( No matter how big a black swan is, there is a chance for it to happen, and nothing is too big to fail.