X-Industry

The following article is based on the opinions of cyber threats and financial professionals and is not intended to place blame on any parties.  It is an important topic that has been brought to the attention of the US Government, even before the fall of the FTX Exchange.

See:  https://redskyalliance.org/xindustry/sec-chairman-pushes-for-more-cryptocurrency-regulations

The seemingly limitless innovations from information technology have created enormous opportunities for all kinds of predatory be

The fall of the FTX crypto exchange forced many investors to seriously reconsider their overall approach to investments starting from self-custody to verifying the on-chain existence of funds.  This shift in approach was driven primarily by the lack of trust crypto investors have in the entrepreneurs after being duped by FTX CEO and co-founder Sam Bankman-Fried.

FTX crashed after Mr. Bankman-Fried and his accomplices were caught secretly reinvesting users’ funds, resulting in the misplacement of