Lessons we learned from the Terraform-FTX implosions

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The cryptocurrency meltdowns we witnessed in 2022 should serve as valuable reminders of some age-old wisdom.

) and the crypto industry was a mistake. We should be thinking about the business models that cryptocurrency exchanges run and how to effectively decentralize governance, etc.

The crypto industry has its twists and turns as it develops, but its future is promising. While 2022 is a particularly tough year for the crypto space, it will continue to grow, evolve and look for a way out amid the skepticism.With the COVID-19 pandemic raging and the global “rate hike wave,” the crypto winter could be harsher and more prolonged than expected. Although we cannot precisely predict and estimate how long it will last, we can get over the difficulties together.

Not your key, not your coins. This is a cliche, but it is also a truth. The only way we can protect our crypto assets is by keeping our own private keys.

 

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